If you’ve decided to stick with FILRT despite the dividend cut this year, then this video of their latest property infusion might help support your decision. The video is from Exclusive Travel Reviews and features Crimson Resort and Spa Boracay.

No one likes a dividend cut but at least FILRT management have decided to diversify the asset portfolio by infusing this 2.9 hectare Boracay lot which is in turn leased by Crimson Resort. I do not know the terms of their lease; whether it’s fixed, profit share or a mix of both. What is important is if the new infusion will be accretive to the dividends per share starting next year.

I do prefer to invest in REITs that is diversified in terms of property types, geographic location and tenant mix and FILRT has taken a small step in the right direction by adding to their Alabang office buildings. In terms of possible future infusions, Filinvest has 5 more Crimson and Quest branded hospitality properties and a collection of malls as well.

Among the 2020-2021 batch of listed REITs, it seems that DDMPR is the least active in terms of property infusion. I’m not sure why DDMPR management is not growing the REIT portfolio but it’s not because of a lack of potential properties since DoubleDragon Corp. has a footprint of more than 1 million sqm. Compare this with AREIT which has a 3-year goal of adding 100,000 sqm of GLA per year.