VISTA REIT gets the nod from PSE officials yesterday as it is expected list its shares by June 15,2022. Its final offer price will be determined by May 25, 2022. This content is updated to reflect the current IPO price and shares to be sold to the public, significant changes have been noted since then.

Secondary shares will be listed at initial price of Php 1.75 /share. There will be an offering up to 2.75 billion shares with an overallotment of 250.0 million shares.  Proceeds of the offer will be re-invested by its sponsors in the Philippines. The IPO price is 30% lower as compared from its initial P2.50/share

Villar is expected to receive Php 4.81 billion with the full allocation sale including its overallotment shares. Public float will then be at approximately 36% from the original proposal of 49%. From the previous 9.15Billion full allocation with 3.66Billion shares, it was slashed to 2.75Billion shares     

According to its website description;

VistaREIT (VREIT) is a real estate investment trust backed by Vista Land, a leading integrated property developers in the Philippines and the largest homebuilder in the country overall. Vista Land operates its residential and commercial property development businesses through its six distinct business units, Camella Homes, Communities Philippines, Crown Asia, Brittany, Vista Residences and Vistamalls. Previously known as Vista One, Inc., VREIT is a wholly owned subsidiary of Vista Land, maintaining a diversified portfolio of commercial and office properties strategically located within Vista Land integrated communities.

The listing will include 10 property and malls in Metro Manila, Cavite, Rizal, Bulacan, Pampanga, Cebu and two of its  office buildings in Taguig and Bacoor, Cavite.

VREIT’s portfolio with over 250,000 square meters of gross leasable area consists of 12 properties: 2 PEZA-registered office buildings located in BGC and Molino, and 10 retail malls with strong and stable anchor tenants including publicly listed AllHome and AllDay. VREIT operates as a Real Estate Investment Trust in compliance with Republic Act No. 9856, otherwise known as the REIT Act of 2009.

REITs provide a good source of dividend income for investors at it is mandated to return back 90% of its earnings in the form of dividends. Typically the dividend is higher to corporate dividends following the above requirements. If you want to learn more about the previous REITs and its basic function you can go to the links highlighted.

Item PhotoCost (Php)Item Description
Click Here to View456.0Original Portable Hanging Neck Fan Rechargeable Usb Mini Fan Electric Fan Headset Fan Outdoor Sports
Click Here to View1,399OPPO Band B1 Bluetooth Watch 1.1-inch AMOLED Screen Continuous SpO2 Monitoring 50M Water Resistance
Click Here to View5,290realme C11 2021 (2+32GB)
5 Things to Know About the IPO of MREIT, Megaworld's REIT

In a disclosure MREIT (Megaworld REIT) stated that the REIT company of the largest country office landlord (Mega world), has recorded higher revenues with 6% to P711.2-million during the end quarter of September 2021. The back-rental income is calculated up to P583.7-million otherwise 5% is higher than the aim set in REIT Plan.  In first full quarter concludes that MREIT’s operations required (10) prime. Mega World is grade A office assets in this year of June.

MREIT is ready to declare dividends within this month of October accordance with its REIT plan. The company is finding reasons into declaring dividends of at lest P0.24 per share. Subject are necessary to regulate approvals and board.

Kevin L. Tan, President and CEO, MREIT, Inc stated that

“This is just the initial tranche of dividends that we intend to declare for the current fiscal year 2022. Considering MREIT’s strong performance to date, as well as our improved outlook on office demand and the infusion of additional assets, we are confident of our ability to meet, if not surpass, our dividend projection for the year as indicated in our REIT plan. We thank all our investors for the trust and confidence to MREIT,”

MREIT earlier released a statement that it’s plan to double the portfolio size by 2024, and also to reach 1-miilion square meters in floor size by 2030. In next year, around 100,000 sqm. Of prime office assets will be introduce into MREIT. It also announced its plan to inject more assets from Uptown Bonifacio in BGC aside from the assets coming form Eastwood City, McKinley Hill, and Iloilo Business Park, Stated by Leechiu Properties in June. BGC still one of the highest rental rates among to others business districts in the country

MREIT aspires to be one of, if not, the largest office REIT in Southeast Asia on the strength of the company’s long runway for growth backed by Megaworld’s extensive office portfolio.

MREIT set to declare cash dividend this month – Manila Bulletin