The latest 5-year retail treasury bonds (RTBs) from the Philippine Bureau of Treasury have a coupon rate of 5.5%. The Pag-IBIG MP2 Savings program has a yield of around 5-6% as well. Should I dump REITs and just invest in these safe government bonds instead?
With the challenges of keeping up with the rising cost of living, it’s no surprise that we do not spend a lot of time and effort on retirement planning. We hear of harworking people, particularly OFWs, who spend decades working but still end up poor in when they retire. We all get old at some point so it is better to be prepared than not.
Here’s a snapshot of their revenue and net income for the first 9 months of the year, ranked by size. I did not track their dividend per share in this post since my preference is to do it annually, which is in the menu bar.
(more…)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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