Strong earnings reap dividends for RLC, DoubleDragon REITs

May 7, 2026 | 12:00am

MANILA, Philippines — Real estate investment trust companies of the Gokongwei family’s Robinsons Land Corp. and DoubleDragon Corp. – the listed property developer owned by Edgar “Injap” Sia II and Tony Tan Caktiong – are rewarding shareholders following sustained strong financial performances.

The board of RL Commercial REIT Inc. (RCR) has approved the declaration of a regular cash dividend for the first quarter, amounting to P0.1115 per outstanding common share, equivalent to a total cash dividend of P2.18 billion.

The amount represents more than 90 percent of the company’s unaudited distributable income.

The first-quarter cash dividends will be payable on June 1 to shareholders of record as of May 19, 2026.

As the country’s largest REIT in terms of geographical reach, RCR delivered a solid operating performance in the first quarter, with unaudited revenues rising by 51 percent year-on-year to P3.40 billion.

Net income for the period climbed by 41 percent year-on-year to P2.40 billion, driven by assets infused in 2025 and sustained occupancy of 96 percent.

RCR’s current diversified portfolio of 83 assets comprises 21 malls and 17 offices, spread across 25 key locations across the country.

The company is positioned to further grow its portfolio, with potential future infusions from Robinsons Land totaling more than 1.7 million square meters of combined malls, offices and logistics gross leasable area, and approximately 4,000 hotel room keys.

RCR also remains open to acquiring third-party assets as part of its long-term growth strategy.

“RCR’s inclusion in the Philippine Stock Exchange index is a testament to the company’s financial stability and strong market liquidity. We remain committed to providing sustainable returns to our stakeholders.” RCR president and CEO Jericho Go said.

Meanwhile, the board of DDMP REIT Inc. (DDMPR) approved a cash dividend to all shareholders of record as of May 19, 2026, amounting to P431.82 million or P0.024222 per share, with payment date of May 29.

This was higher than the P402.33 million dividend declared a year ago.

In 2025, DDMPR saw its net income grow by 24.70 percent to P3.88 billion, up from P3.12 billion the previous year. The company’s revenues during the year expanded by 20.48 percent to P4.52 billion from P3.75 billion in 2024.

By directly owning the titled prime land on which its buildings stand rather than merely leasing it, DDMPR said: “Each DDMP REIT shareholder has a proportionate equity ownership in these debt-free, directly owned hard assets, with underlying clean land titles and not only leased by the REIT company from its parent company.”