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Robinsons Land Corp has authorised the sale of 945.9 million common shares of RL Commercial REIT Inc at a price of PHP 7.40 per share, according to a Reuters-cited filing. The shares relate to the listed REIT, which focuses mainly on office assets and trades under the ticker RCR.PS. The disclosure does not specify the execution timeline or buyers. RL Commercial REIT is sponsored by Robinsons Land and forms part of the Philippines relatively young REIT market, which has seen gradual stake adjustments by sponsors since listing.
Robinsons Land Corp has approved the sale of a large block of shares in its listed real estate investment trust, RL Commercial REIT Inc. The company disclosed that it has authorised the sale of 945.9 million common shares of the REIT at a price of PHP 7.40 per share. The disclosure was made through a regulatory filing cited by Reuters. Advertisement
The approval relates specifically to common shares of RL Commercial REIT, which is listed on the Philippine Stock Exchange under the ticker RCR.PS. The authorised price of PHP 7.40 per share is broadly in line with the trading range the stock has seen in recent months, reflecting prevailing market conditions for listed office-focused REITs in the Philippines.
RL Commercial REIT is sponsored by Robinsons Land Corp and primarily holds income-generating office assets. Since its listing, the REIT has been part of a small but growing group of Philippine REITs that were introduced following regulatory changes allowing property developers to monetise mature assets while retaining operational control. Robinsons Land has, in the past, undertaken stake adjustments in the REIT to meet public float requirements and optimise capital allocation.
The company has not disclosed further details on the timing of the sale, the potential buyers, or whether the transaction will be executed through block sales or market transactions. No change in the REIT's asset portfolio or operational strategy has been indicated as part of this authorisation.
Source Reuters
5th Jun, 2025
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