GOKONGWEI-LED RL Commercial REIT Inc. (RCR) on Wednesday reported a 41-percent increase in January to September 2024 revenues to P5.74 billion from P4 billion a year ago, mainly due to a multi-asset infusion valued at P33.92 billion from its sponsor, Robinsons Land Corp. (RLC).
GOKONGWEI-LED RL Commercial REIT Inc. on Wednesday reported a 41-percent increase in January to September 2024 revenues to P5.74 billion from P4 billion a year ago, mainly due to a multi-asset infusion valued at P33.92 billion from its sponsor, Robinsons Land Corp. .'The 13 multi-asset infusion valued at P33.92 billion has been the largest single infusion done by any Philippine REIT company so far,' RCR President and Chief Executive Officer Jericho Go said.
1009 per outstanding share. Shareholders will also receive an additional P0.026 per outstanding share as a special dividend approved by the company's board.For the past three quarters of this year, RCR has so far paid total dividends of P4.12 billion to its shareholders.In a stock exchange filing, RCR said that the third-quarter dividend would be payable on Nov. 29 to shareholders on record as of Nov. 20.
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