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"
Development that retail investors should monitor and take advantage of:
(As of January 19, 2022)
The Exchange approved the application of Citicore Energy REIT Corp. (the “Company” or “CREIT”) for the initial listing of up to 6,545,454,004 common shares, with a par value of Php 0.25 per share, under the Main Board of the Exchange, which includes the shares subject of the Company’s Initial Public Offering (“IPO” or “Offer”).
The IPO of the Company, with an Offer Price of up to Php 3.15 per share, consists of the following:
1. Primary Offering. Up to 1,047,272,000 commons shares will be issued and offered to the public on a primary basis;
2. Secondary Offering. Up to 1,741,660,000 existing common to be offered by Citicore Renewable Energy Corporation (“CREC” or the “Selling Shareholder”) will be issued to the public on a secondary basis; and
3. Over-allotment Option of up to 418,339,000 common shares.
(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), and MREIT, Inc. (PSE: MREIT) 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.