Personal Development, Finance and Investing For Filipinos
An investment in knowledge always pays the best interest. Financial Education is your best investment.
Do not put all your eggs in one basket.
Remember the 4 Golden Rules of Investment: Invest Early, Invest Regularly, Invest Long-term, and Invest using Diversification.
Are you interested in and looking for a more affordable way to own apartments, offices, malls, or even hotels? Then you should consider investing in a Real Estate Investment Trust (REIT).
As the saying goes, "Do not put all your eggs in one basket." Diversification is protection against ignorance. It makes little sense if you know what you are doing.
The Philippine Stock Exchange, Inc. (PSE) conducted a free webinar about Real Estate Investment Trust (REIT). The resource speaker was Mr. J. Mariano P. Ocampo, Managing Director and Head of Equity Capital Markets Investment & Capital Corporation of the Philippines. Here's the excerpt from the webinar.
What Is REIT?
A Real Estate Investment Trust (REIT) is a stock corporation. Principally organized for the purpose of owning income-generating real estate assets (Republic Act No. 9856 or REIT Act of 2009)
What Are The Features Of A REIT?
REITs have been in Asia for more than 18 years. The Philippines has lagged behind. While there has been a legislation in place since 2009, there have been no REIT issuance nor listing.
Why REITs Are Expected To Take Off In The Philippines?
Benefits of REIT Platform
Formation Of REIT To Be "Successful"
Ayala Land-backed AREIT Inc. and DoubleDragon-backed DDMP REIT, Inc. have successfully made their trading debut on the Philippine Stock Exchange (PSE).
Also, Filinvest Land Inc. has already expressed interest in REITs. This development is something that retail investors should monitor and take advantage of.
UPDATE (As of May 17, 2021)
Robinsons Land Corporation's subsidiary, RL Commercial REIT, Inc. (formerly Robinsons Realty and Management Corporation) (RLC REIT), submitted its registration statement for a Real Estate Investment Trust (REIT) initial public offering to the Philippine Securities and Exchange Commission (SEC).
UPDATE (As of June 16, 2021)
Megaworld’s wholly-owned subsidiary MREIT, Inc. submits registration statement to SEC for the country’s largest Real Estate Investment Trust (REIT) offering to date, which is expected to raise up to P27.3-billion in proceeds subject to regulatory approvals.
Megaworld has injected 10 office and hotel properties into MREIT, offering 224,430.80 square meters of Grade A office and hotel properties.
Net proceeds from the offer will be used to finance 16 new projects for Megaworld.
Disclaimer: This excerpt from the webinar presentation is for educational and information purposes only. This should not be construed as a professional, financial, or investment advice, or recommendations from the PSE.
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ABOUT THE BLOGGER
Hi, I'm Ralph Gregore Masalihit!
An RFP Graduate (Registered Financial Planner Institute - Philippines).
A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy).
Currently, I'm working my way toward time and financial freedom.