DDMP REIT investors rarely get updates from this sleepy REIT and it’s easy to forget that this is the second oldest REIT we have. As a refresher, DDMPR owns a 4.7 hectare property, its namesake, DoubleDragon Meridian Park.

At the time of its IPO in 2021, the buildings in light green above were under construction. A lot has happened since then, including the POGO ban which adversely affected DDMPR’s income and subsequently the dividends.

Thanks to Youtube vloggers like Neonflix below, we can see that DoubleDragon Tower and Ascott serviced apartments have completed construction and will soon contribute to DDMPR’s earnings.

Now that the DD Meridian Park complex is completed, perhaps sponsor DoubleDragon Corp. can infuse more properties into the REIT to reduce the concentration risk of being in a single location. They also need to diversify and infuse their mall (CityMall) and logistics (CentralHub) assets. However, unlike other REITs who acquire properties annually, DDMPR is stagnant and investors who are hoping for this REIT to grow continue to be disappointed. It seems DoubleDragon Corp. is focusing on its Hotel101 business which recently listed on NASDAQ and neglected the REIT.