AREIT, Inc. Declares Cash Dividend on Outstanding Common Shares for the Fourth Quarter of 2023, Payable on March 20, 2024
February 19, 2024 at 06:53 pm EST
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AREIT, Inc. at its Board of Directors meeting held on February 19, 2024, declared cash dividends of PHP 0.55 per outstanding common share for the fourth quarter of 2023. The dividends are payable on March 20, 2024, to shareholders on record as of
March 4, 2024. This latest quarterly dividend brings company's annual dividend-per-share to PHP 2.15 for 2023, an 8.6%
increase from PHP 1.98 per share in 2022.
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. It is focused on owning and investing 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 Philippines, which include Makati City, Cebu City, Bacolod City, Quezon City, Ayala Avenue, Gil Puyat Avenue and Muntinlupa City.
AREIT, INC. 
