We now have more information on the upcoming IPO of PREIT, which will become the Philippines’ 8th listed REIT. Their website is now live as well: www.preit.com.ph

Some figures to consider:

-to list 1.4B common shares at P2 per share

-proceeds will total P3.09B

-IPO to run from Nov. 25 to Dec. 2 with a listing date of Dec. 12 (dates are all tentative)

-rental income will be the higher of either the guaranteed base lease or the percentage of revenue from electricity sales of its power plant tenants

-estimated dividend yield is 7.2% for 2023

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Here’s a recent interview with CREIT’s Oliver Tan:

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All investments carry risk and it is important to  understand them. The current global situation of high inflation and rising interest rates would be the most obvious. It is causing the stock and bond markets to fall. Of course REITs are not immune to this sell-off and the price of all 7 REITs are down.

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The Villar Group is gearing up for their second REIT listing after VistaREIT. This time, it will be a power and infrastructure REIT – PremiereREIT

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I attended a live webinar from COL Financial with the above guests from Ayala. They posted it on Youtube so I’ll share it here as well.

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