REIT HEADLINES
SM Prime gets consultants for planned REIT offer
SM Prime, who formerly announced a planned USD500million REIT offer, has tasked CLSA and Macquarie to act as its financial advisers and joint bookrunners for the offer.
Ayala Land taps UBS, JP Morgan for REIT offer
Ayala Land, who formerly announced a planned USD300million REIT offer, has tasked UBS to partner with JP Morgan to act as its joint advisors and global coordinators for the offer.
Belle Corp. to seek funding through REITs
Belle Corp. is planning to launch its own REIT offering within two years or upon the completion of its planned casino complex, according to Belle Corp. Vice-Chairman Willy Ocier
SM Prime to launch 2 malls in Cebu
SM Prime, one of the first companies who plans to tap on REITs for funding, has announced that it will invest Php6 billion for two malls to be built in Cebu
Ortigas & Co. planning to put up REIT offer
Ortigas & Co. Limited Partnership has expressed interest on a REIT offer to raise funds for its Greenhills shopping complex.
AgriNurture setting up for IPO, a REIT offer possibly in the future
AgriNurture Inc. has announced that it plans to have an IPO by September and a REIT offer on its farms once economy of scale is achieved
BDO: "First REIT listing will have an advantage"
Government and industry experts believe that the first firm to be listed as a REIT will have an advantage in securing an investor base
Waltermart, Puregold looking into REIT offer
Retail and mall operators Waltermart and Puregold Price Club Inc. have expressed interest in raising funds through REITs for their expansion plans
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REIT NEWS
Tax evasion losses estimated at PHP250 billion
Finance Secretary Cesar Purisima stated that around PHP250 billion are lost from revenue due to tax evasion. The department is planning to look on the case of REITs as the tax breaks further erode the revenue base.
REITs to give wider opportunities
In a recent seminar on Malaysian REITs, REIT managers stressed the need to educate investors on the benefits of REIT as it introduces more opportunities in the market.
REITs: Outperforming the Equity Market
Performance of REITs is definitely on the rise, recovering from a period of decline from the financial crisis.
Stocks gain as investors prepare for REIT
Property firms posted gains after the day's trading as investors wait for REITs to be introduced to the bourse.
NAREIT: USD22billion investments posted through REITs
From the mid-year report of the National Association of Real Estate Investment Trusts (NAREIT), US REITs have raised USD22 billion worth of offerings during the period.
US REITs Perform Well for Mid-2010
According to the National Association of Real Estate Investment Trusts (NAREIT), US REITs have performed better than most equity instruments for the first half of 2010.
Selecting the REIT investment
Some pointers from a U.S. REIT fund manager on how to select which REITs to invest on
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IN THE SPOTLIGHT
Basic REIT Information
Mr. Philbert Varona of Sycip Salazar Hernandez & Gatmaitan provides a brief round-up of the legal framework surrounding REITs
The REIT Framework
Mr. Philbert Varona of Sycip Salazar Hernandez & Gatmaitan provides a brief round-up of the legal framework surrounding REITs
Sen. Edgardo Angara on REITs
Sen. Edgardo Angara, author of the REIT law, updates readers on the REIT developments in the Philippines.
The REIT Investment
With the passage of the REIT Law and its rules and regulations, this newcomer to the bourse has all trading participants geared up.
REIT investment pointers
Planning to invest on REIT? Here is some advice before taking advantage of this new investment scheme.
Potential dividend issues in REIT
Ms. Julie Fe Del Rosario weighs in on the issues regarding the dividend aspect of the REIT Law and its implementing rules and regulations (IRR).
REIT taxation features
Mr. Gerry Geronimo comments on the taxation features as implied in the REIT law
Real Estate Investment Trust Act
Provides a look into the tax incentives as provided by the REIT Act
Philippine REIT Law to yield gains
Atty. Reynaldo Geronimo weighs in on the expected gains from the REIT law and its underlying terms.
More business opportunities from REIT
Know more about the expected business opportunities upon the passage of the REIT Law and its related rules and regulations.
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