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MANILA, Philippines – RL Commercial REIT Inc. (RCR) is increasingly cementing its position as a benchmark stock for the Philippine real estate investment trust (REIT) market, backed by a growing retail portfolio and strong occupancy levels, according to a report by First Metro Securities and DBS Bank.
The brokerages described RCR as one of the country’s most investable listed REITs, saying its growing market relevance has elevated the company beyond its traditional role as an office-focused landlord.
READ: Retail resurgence prompts RCR expansion
“Benchmark relevance is improving,” the report said, pointing to stronger liquidity, broader index inclusion and a larger public float that have expanded RCR’s investor base.
