Personal Development, Business, Finance, and Investing for Everyone
An investment in knowledge always pays the best interest.
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"
Development that retail investors should monitor and take advantage of:
(As of August 17, 2023)
According to BusinessWorld, SM Prime Holdings, Inc. is looking to defer the market listing of its real estate investment trust (REIT) to next year due to market conditions, according to an official of its parent firm, SM Investments Corp. (SMIC).
"They have always said that [the REIT] is subject to market conditions. As we are looking at things now... we may look to potentially do this a bit later than had initially been said," said Timothy Daniel, SMIC head of investor relations, sustainability, and communications, during the PSE STAR event.
"In the second half of this year, they will assess market conditions, and this is maybe something for next year," he added.
The company’s planned REIT offering is likely to be valued at around $3.5 billion to $4 billion and initially composed of 12 to 15 assets, which will come from the 82 malls it currently has, as 30 to 35 malls are now fully mature.
"Perhaps they would list about a quarter of that, bringing in about $1 billion of revenue, particularly towards funding the reclamation efforts in Manila Bay," Mr. Daniels said.
SM Prime Holdings, Inc. issued a clarification of a news report for this matter, and they are confirming the said news article
(As of July 17, 2023)
According to ManilaStandard.net, Cosco Capital Inc., owned by businessman Lucio Co, is preparing for a big real estate investment trust offering, which could raise between P15 billion and P30 billion, according to Philippine Stock Exchange president and chief executive Ramon Monzon.
Monzon said in an interview at the sidelines of a forum sponsored by the Securities and Exchange Commission over the weekend that Cosco is ready to file its REIT offering application either this month or next month.
Cosco Capital, Inc. issued a clarification of a news report for this matter, and they are confirming the said news article, particularly that the Company is studying a possible REIT offering.
(As of January 17, 2022)
DoubleDragon Corporation's subsidiary CentralHub Centers Inc., a joint venture with Jollibee Foods Corporation, completes the construction of CentralHub-Tarlac Phase-4. The latest progress now fully completes the construction of the 6.2 hectare CentralHub-Tarlac industrial warehouse complex.
DoubleDragon currently has completed CentralHub-Capiz. CentralHub-Tarlac, CentralHub-Pasig, CentralHub-Laguna 1 and CentralHUb-Laguna 2, and will soon add to its completed portfolio are CentralHub-Iloilo, CentralHub-Davao, and CentralHub-Cebu.
CentralHub Industrial Centers Inc., which to date has 43.8 hectares of industrial assets, continues to ramp up construction of its industrial warehouse portfolio after it recently completed its equity joint venture with Jollibee Foods Corp. through the building out its PhP 24.8 Billion industrial leasing portfolio in line with its preparation for the Philippine's first Industrial REIT IPO in the second half of 2022.
Today, Ayala Land-backed AREIT Inc. (PSE:AREIT), DoubleDragon-backed DDMP REIT, Inc. (PSE:DDMPR), Filinvest REIT Corp. (PSE:FILRT), RL Commercial REIT, Inc. (PSE:RCR), MREIT, Inc. (PSE: MREIT), Citicore Energy REIT Corp. (PSE: CREIT), VistaREIT, Inc. (PSE: VREIT), and Premiere Island Power REIT Corporation (PSE: PREIT) have successfully made their trading debut on the Philippine Stock Exchange (PSE).
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.