RL Commercial REIT Set to Gain From Looming Asset Infusions -- Market Talk

Dow Jones
2025/06/25

0331 GMT - RL Commercial REIT stands to benefit from looming asset infusions by its sponsor Robinsons Land, Maybank Securities' Raffy Mendoza says in a research report. Both recently announced board approvals for a property-for-share swap involving nine malls, which will boost the REIT's gross leasable area by 39%, the analyst says. These malls, most of which are in emerging provincial areas of the Philippines, will enable the REIT to have the largest mall portfolio. Revenue from the assets is expected to accrue to the REIT starting in 3Q. Maybank Securities lifts its 2025 and 2026 earnings forecasts for the REIT by 2% and 30%, respectively. The brokerage raises the REIT's target price to PHP8.00 from PHP7.10, with an unchanged buy rating. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

June 24, 2025 23:31 ET (03:31 GMT)

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