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Citicore Energy REIT declares robust Q4 dividend

Citicore Energy REIT, the subsidiary of Citicore Renewable Energy Corp. and the REIT arm of the Megawide [MWIDE 3.08 unch] group of companies, declared a Q4/23 dividend of P0.054/share, payable on May 15 to shareholders of record as of April 18......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

SM Prime rethinking 2024 SM REIT listing plans

Property developer SM Prime added to concerns that it might delay the IPO of its monster $1 billion REIT when one of its directors, Hans Sy, said that the company’s cashflow is “very strong”, and that while he’s “not ruling [an SM REIT IPO] out this year”, he doesn’t yet see a “purpose” to “immediately go into an IPO”......»»

Category: financeSource:  philstarRelated NewsJan 30th, 2024

Ayala Land to double profit by 2028

Ayala Land Inc., the listed property unit of the Ayala Group, aims to double its net income by 2028 or in five years, a ranking official said yesterday......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

Ayala Land breaks ground for Evo City South District, Technohub

Ayala Land Inc. recently broke ground for Evo City’s second commercial lot and first office building developments in Kawit, Cavite......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2024

Ayala Land FY23 profit up 32% to P24.5-B

Ayala Land teased its full-year financial performance in a press release where it revealed that its FY23 profitability increased 32% to P24.5 billion......»»

Category: financeSource:  philstarRelated NewsFeb 21st, 2024

Ayala Land allots P13 billion to redevelop 4 major malls

Ayala Land Inc. is spending P13 billion for the redevelopment of its malls, which is expected to be completed by 2028......»»

Category: financeSource:  philstarRelated NewsFeb 16th, 2024

Ayala Land sells P5.6-B worth of AREIT in discount block sale

Ayala Land disclosed that it sold 181 million shares of its subsidiary, AREIT, at P31.10/share which was a 7.2% discount to the previous day’s closing price......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

Maynilad to sell P15-B of Blue Bonds to fund capex projects ahead of IPO

Maynilad Water Services, a subsidiary of Metro Pacific Investments and an affiliate of DMCI Holdings, disclosed its application to the SEC to sell up to P15 billion worth of fixed-rate “Blue Bonds” in the last week of May, for listing on PDEx in the first week of June......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2024

Maynilad nears maiden P15 billion blue bond issue

Maynilad Water Services Inc. moves closer to the issuance of its maiden blue bond sale of up to P15 billion after submitting necessary documents to regulators......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2024

First Gen income up 4 percent to P15.4 billion in 2023

Lopez-led power firm First Gen Corp. grew its income by four percent to P15.4 billion in 2023, from the previous year’s profit of P14.3 billion, mainly due to contributions from its geothermal subsidiary Energy Development Corp......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2024

DMCI, Marubeni investing P15 billion for property venture

DMCI Homes of the Consunji family and Japanese trading conglomerate Marubeni Corp. are investing around P15 billion for their real estate joint venture project......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

Naga lotto player wins P15.8 million jackpot

A bettor in Naga City in Camarines Sur won P15.8 million in the Mega Lotto 6/45 drawn on Wednesday night......»»

Category: newsSource:  philstarRelated NewsMar 8th, 2024

Government raises IPAs project approval threshold to P15 billion

The government has increased the investment capital threshold assigned to investment promotion agencies (IPAs) to P15 billion in a bid to promote the ease of doing business......»»

Category: financeSource:  philstarRelated NewsFeb 16th, 2024

Citicore Energy REIT doesn’t deny report of potential 30% stake sale

Citicore Energy REIT responded to a Biz Buzz article that claimed a “blue chip conglomerate” (BCC) was in negotiations to acquire “a little less than 30%” of CREIT in a deal that would be completed “in the coming days or weeks”......»»

Category: financeSource:  philstarRelated NewsMar 21st, 2024

Filinvest REIT dividend continues to crumble

Filinvest REIT declared a Q4/23 dividend of P0.067/share, payable on March 26 to shareholders of record as of March 11......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

RL Commercial REIT declares record dividend

RL Commercial REIT declared a Q4/23 dividend of P0.098/share, payable on February 29 to shareholders of record as of February 20......»»

Category: financeSource:  philstarRelated NewsFeb 6th, 2024

Abacus Securities thinks SM REIT and Prime Infra IPOs will be delayed and that GCash IPO will happen overseas

Nicky Franco, head of research for Abacus Securities, said that the SM REIT and Prime Infrastructure mega-IPOs will probably not happen in 2024 based on PSE President Ramon Monzon’s expectation of about P40 billion in total IPOs this year on the PSE......»»

Category: financeSource:  philstarRelated NewsJan 17th, 2024

REIT revival looms this year

Stock market investors may see a revival of the real estate investment trust (REIT) market this year......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024

Avida Land brings 3D street art to South Park

Avida Land, the upper mid-income residential brand of property giant Ayala Land, has transformed South Park District, a 6.6-hectare township in Muntinlupa, into a vibrant community following the unveiling last Feb. 3 of an interactive canvas with 3D paintings......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Robinsons Land raised P8.5-B in RCR block sale

Robinsons Land sold just over 1.725 billion shares of RL Commercial REIT [RCR 5.01 ?3.5%; 143% avgVol] in an overnight block sale after initiating a private sale process with BPI Capital......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024