I have nothing against traders but making money by continuously buying and selling stocks is simply not for me. As with common stocks, one can also trade REITs. But I prefer investing in REITs and holding on to them for a long time. All the while collecting the quarterly dividends like clockwork.
CREIT recently released its 1H2022 financial results and it paid out 107% of its distributable income as dividends. While REITs are required to pay out at least 90%, how can CREIT pay out much more than its income?
Post-Covid, it will just be a matter of time before our large mall developers fold them into REITs. We have plenty of potential properties: SM Prime has 86, Robinsons with 58 and Ayala has 27 shopping malls. We also have midsize chains like CityMall and the Gaisano group.
In his recent state of the nation address (SONA), President Marcos pushed for the passage of PIFITA into law. Among its provision is the imposition of a single rate of 15% tax (generally) on interest income, dividends and capital gains.
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