Robinsons Land Corp Raises ₱7B for REIT Expansion

Why Invest in Gokongwei’s RL Commercial REIT Inc

Robinsons Land Corp is eyeing to expand asset infusions after raising ₱7 billion thru private placement of RL Commercial REIT Inc. The aim is to make their real estate investment trust triple the size with local, international, and institutional investors. Read on to learn more about this REIT expansion by Gokongwei-led RLC and how to navigate this in the Philippine stock market.

​RLC Sells Common Shares

RLC disclosed to the Philippine Stock Exchange that they’re selling RCR common shares worth ₱945.95 million, at ₱7.40 per share. They added that this transaction was supported by top-notch institutional, international, and local stock investors. Under the Secondary Block Trade Agreement, this block sale’s proceeds are expected to be settled before the end of January.
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Meanwhile, RLC’s 4.84% divestment is projected to raise the public ownership of RCR to 44.18% from the 39.34% current rate. As a result, this will give an 11% headroom for the sponsor and real estate investment trust asset swap. This deal follows the selling of one billion RL Commercial REIT shares for ₱7.75 billion in 2025 to aid the public float of the real estate investment trust.

​More Malls by RLC

In 2025, the infusion of RLC’s nine new malls was approved by the SEC. These malls are worth ₱30.67 billion and are infused into RCR to triple the size of the REIT to ₱300 billion in the next three years. These asset infusions were accomplished through a swap transaction between property and shares, in which 3.83 billion RCR common shares were exchanged at ₱8 each. This will decrease the public float of RCR to 34.22%, but still above the 33.33% requirement for REITs.
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Seven more malls will be built in Luzon, while the other two malls will be in Visayas. These are, namely: Robinsons Magnolia in Quezon City, General Trias and Dasmarinas in Cavite, Santiago in Isabela, Malolos in Bulacan, Starmills in Pampanga, Cybergate in Cebu, and Tacloban in Leyte. The total gross leasable area for these properties is 324,107.75 square meters.

The high occupancy rates of malls make RCR’s investment criteria consistent. In addition, the diversified tenant base of these malls contributes to the consistent occupancy rates. The infusion helped RCR’s portfolio size to increase by 1,151,915 square meters from 827,807 square meters – an increase of 39.15%. Moreover, it also gave birth to 38 commercial real estate assets with 17 office assets and 21 mall assets.

​Final Thoughts

Now you can explore opportunities offered by RL Commercial REIT Inc in the stock market. Investing in REITs in the Philippines is one of the best ways to grow your money while enjoying the benefits of being an investor. You may visit REALS.PH, if you want to buy a new property or a luxury condominium in Baguio City. Our licensed real estate agents will walk you through the process and answer all your queries to make an informed choice.