AREIT, Inc. Approves Dividend for the Fourth Quarter of 2022, Payable on March 24, 2023
February 26, 2023 at 07:07 pm EST
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AREIT, Inc. approved the declaration of dividends of PHP 0.52 per share for the fourth quarter of 2022 to be distributed on March 24, 2023, to stockholders on record as of March 10, 2023.
AREIT, Inc. is a Philippines-based real estate investment trust (REIT). The Company is engaged in the business of commercial leasing of retail and office spaces. The Company owns and invests in commercial portfolio of office, retail, and hotel properties in the Philippines. The Company caters to retail and office tenants. Its investment properties are composed of approximately seven stand-alone buildings, three mixed-used properties, approximately nine condominium office units, and four land parcels. The Company's investment properties are located across various cities in the Philippines, which include Makati City, Cebu City, Bacolod City, Quezon City, Ayala Avenue, Gil Puyat Avenue and Muntinlupa City. AREIT Fund Managers, Inc. is the fund manager.