RLC’s Real Estate Investment Trust (REIT) recently sold P8.5 billion worth of RL Commercial REIT Corp. (RCR) shares, aimed at boosting its public float to facilitate potential asset infusion from RLC. Analysts anticipate RCR’s public float to reach close to 50%, creating opportunities for asset-for-share swaps, where mature properties from RLC could be transferred to RCR.
This move is seen as favorable for investors due to increased market liquidity and potential capital appreciation. RLC’s plan to infuse about P25 billion worth of assets into RCR, including malls, hotels, and warehouses, is expected to significantly expand RCR’s portfolio and enhance its resilience across economic cycles.
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RLC’s real estate investment trust seen to have room to expand its portfolio
