RL Commercial REIT, Inc. Declares Cash Dividend for the Fourth Quarter of 2021, Payable on February 28, 2022
February 06, 2022 at 07:05 pm EST
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RL Commercial REIT, Inc. declared its second cash dividend, following its Board of Directors meeting . The RCR Board approved the declaration of cash dividends for the fourth
quarter of 2021 in the amount of PHP 0.092 per outstanding common share, bringing its total dividends to PHP 0.154 per share. Based on the IPO price, this is equivalent to an annualized yield of 5.73%, higher than RCR's dividend yield projection of 5.57% for 2021 according to its REIT plan. The cash dividends will be payable on 28 February 2022 to stockholders on record as of 18 February 2022. RCR's total dividend pay-out in 2021 is equivalent to 91.56% of its distributable income, higher than the minimum mandated level of 90%. RCR projected a dividend yield of 5.96% based on its IPO price of Php6.45 per share.
RL Commercial REIT, Inc. is a Philippines-based real estate investment trust (REIT) company. The Companyâs primary purpose is to acquire by purchase, lease or otherwise, and to own, develop, sell, mortgage, lease, and hold for investment or otherwise, real estate of all kinds. It leases to a diversified tenant base and has a portfolio of approximately 16 commercial real estate assets across the Philippines with an aggregate gross leasable area (GLA) of 480,479 square kilometers. The Company's portfolio consists of commercial spaces primarily leased for office purposes, with minimal retail spaces on some of the properties to support the needs of office tenants. Its properties include Robinsons Equitable Tower, Robinsons Summit Center, Cyberscape Alpha, Cyberscape Beta, Tera Tower, Cyber Sigma, Exxa-Zeta Tower, Robinsons Cyberscape Gamma, Robinsons Cybergate Center 2, Robinsons Cybergate Center 3, Robinsons Cybergate Cebu, Galleria Cebu, Luisita BTS 1, and Cybergate Naga.
RL COMMERCIAL REIT, INC. 
