RL Commercial REIT, Inc.
PPSE:RCR6.25
PHP
+0.07
(+1.13%)
ISIN
PHY7319E1039
CUSIP
Y7319E103
Return %
Stock
S&P 500
1Y
-13.19
14.20
3Y
31.30
81.12
5Y
-8.76
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Jericho P. Go
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Pasig City Philippines
- IPO Date
- Sep 14, 2021
- Website
- rlcommercialreit.com.ph
- Similar Companies
- Business
- RL Commercial REIT, Inc. is a real estate investment trust engaged in investing in, owning, and leasing a diversified portfolio of income-generating commercial real estate assets in the Philippines. Sponsored by Robinsons Land Corporation, a member of the JG Summit Holdings, Inc. conglomerate, the company primarily operates within the commercial real estate investment and property leasing industry. Its core products and services encompass prime Grade A and high-grade office space leasing customized for information technology and business process management (IT-BPM) firms, multinational corporations, and traditional commercial enterprises; retail commercial space leasing within lifestyle shopping malls accommodating anchor department stores, supermarkets, quick-service and casual dining restaurants, specialty retailers, and entertainment venues; integrated property infrastructure solutions offering 24/7 operating capabilities, multi-carrier telecommunications connectivity, redundancy power systems, and energy-efficient facilities; and commercial property asset management services focused on tenant relation management, lease administration, and operational yield optimization. The company maintains an extensive nationwide geographic footprint across prime business districts and strategic regional hubs in the Philippines, including Metro Manila (Ortigas Center, Bridgetowne Destination Estate, Quezon City, and Bonifacio Global City), Metro Cebu, Metro Davao, and prominent provincial centers across Luzon, the Visayas, and Mindanao. Incorporated in 1988 as Robinsons Realty and Management Corporation and subsequently reorganized and rebranded to RL Commercial REIT, Inc. ahead of its 2021 listing on the Philippine Stock Exchange, the company is headquartered in Pasig City, Philippines. In recent major developments, the company has executed multi-billion-peso property-for-share asset swap transactions with Robinsons Land Corporation, significantly transforming its portfolio from an office-focused trust into a balanced commercial real estate vehicle. These strategic infusions have added major lifestyle shopping malls to its asset base, including Robinsons Magnolia, Robinsons Galleria South, Robinsons Tagaytay, Robinsons Starmills, Robinsons Dasmariñas, Robinsons Cybergate Cebu, Robinsons Dumaguete, Robinsons Naga, Robinsons La Union, and Robinsons Iligan. As a result of these portfolio acquisitions, the company's asset composition has shifted to approximately 61 percent retail and 39 percent office space, expanding its total portfolio to 44 commercial real estate assets encompassing approximately 1.31 million square meters of gross leasable area across 30 locations nationwide, backed by access to its sponsor's pipeline of over 1.7 million square meters of potential future commercial asset infusions.