AREIT’s next asset infusion is a 276 hectare land in Zambales which will be leased to an ACEN Inc. solar farm subsidiary. With this move, AREIT is positioning itself to be a truly large and diversified REIT with properties that include offices, hotels, malls, factories and now, a solar farm. As a long term investor in AREIT, I am confident that their diverse collection of income generating properties will translate to a stable and increasing stream of quarterly dividends. To note, their latest 3Q2023 dividend of P0.55 is nearly double the initial P0.28 dividend given last 2020. For income focused investors, this is is gold standard. It is even more impressive given the challenges brought on by the pandemic and it shows that high quality real estate coupled with good management will always be a winner.