RL Commercial REIT’s Massive Infusion, Continues to Bear Fruits

RL Commercial REIT, Inc. (RCR), Philippines’ largest REIT in terms of geographical reach, posted an unaudited P4.59 billion revenues for the first half of the year (excluding the effect of the change in fair market value of investment properties), 60% higher than same period last year driven by the 13 properties infused and improving occupancy rates at 97%.  

For the 2Q of CY2025 alone, RCR recorded an unaudited P2.34 billion revenues (excluding the effect of the change in fair market value of investment properties), 62% higher than 2Q of CY2024. 

RCR maintained its robust financial position with Assets totaling to P114.03 billion (unaudited), Shareholders’ Equity of P109.52 billion (unaudited), and remains debt-free.  

“RCR has consistently declared increasing cash dividends quarter-on-quarter by steadily infusing high quality, geographically diverse, and multi-asset class,” said Jericho P. Go, President and CEO of RCR. 

2Q 2025 REGULAR CASH DIVIDENDS DECLARED

RCR Board has approved the declaration of its 2Q 2025 regular cash dividend amounting to P0.1049 per outstanding common share. RCR continues to declare increasing dividend (QoQ) since its first declaration. RCR has declared a total of P3.29 billion cash dividends for the 1H of CY2025, which is more than 90% of its distributable income (unaudited). 

The cash dividends for the 2Q 2025 will be payable on 02 Sep 2025 to stockholders on record as of 26 Aug 2025. RCR’s dividend policy is to distribute at least 90% of its distributable income, in compliance with the REIT Law.

CONTINUED GROWTH AND INCREASE IN MARKET CAPITALIZATION

RCR will be conducting a Special Stockholder’s Meeting on August 13, 2025 for the stockholder approval of the property-for-share swap between Robinsons Land Corporation (RLC) and RCR. RLC will swap nine (9) malls with Gross Leasable Area (GLA) of about 324k sqm, valued at approximately P30.67 billion in exchange for around 3.83 billion RCR shares. The property-for-share swap remains subject to the approval of the stockholders of RCR and applicable regulatory bodies.

RCR remains actively targeting additional acquisitions—not just from RLC’s current pipeline (over 1.4 million sqm of malls GLA, more than 250k sqm of offices GLA, almost 300k sqm of logistics GLA, and approximately 4k hotel room keys that maybe infused into RCR in the future), but also from unrelated third party sources.

RCR’s market cap as of July 31, 2025 is P123.36 billion based on the closing share price of P7.85.