By Bilyonaryo staff

RL Commercial REIT Inc. of the Gokongwei family will continue building a “diversified portfolio of income-producing commercial real estate assets”, focusing on acquisitions that support stable cash flows and dividends, according to its three-year investment strategy.

RCR said it will “predominantly focus on key Metro Manila CBDs and major regional commercial hubs”, with assets made up mainly of retail malls in the provinces alongside a smaller office exposure.

The REIT said it will grow by improving existing properties and acquiring assets that increase dividend income.

RCR said lease terms help support dividend visibility. It reported a relatively long weighted average lease expiry (WALE) of 4.07 years as of Sept. 30, 2025, indicating more stable and predictable rental income.

The strategy is backed by recent performance. In the first nine months of 2025, RCR reported revenues of ₱7.59 billion and net income of ₱5.46 billion, following the infusion of nine provincial mall assets during the third quarter.

Investment properties accounted for about 96% of total assets as of end-September.

RCR said potential acquisitions will come from its sponsor’s pipeline of income-producing assets and may be funded through “property-for-share swaps, equity and debt capital raising transactions,” although the company noted it “remains with zero debt” and has the capacity to leverage up to 35% of deposited property value if needed.—Bilyonaryo.com