Philippine telco PLDT is exploring a data center Real Estate Investment Trust (REIT).
PLDT confirmed in a stock exchange announcement last week that its board of directors has approved the company’s pursuit of a potential listing of a REIT that is expected to initially include stabilized, income-generating data center assets under Vitro, its data center subsidiary under ePLDT.
– RTVMalacanang
“The proposed Vitro REIT is intended to provide a platform to unlock value from the PLDT Group’s stabilized digital infrastructure assets, broaden investor access to the country’s growing digital infrastructure sector, and create a long-term and sustainable capital recycling platform that can support the continued expansion of Vitro’s data center portfolio,” the company said.
REITs are companies that own, and often operate, income-producing real estate such as data centers. They act as a fund for investors, generating revenue via leasing space and collecting rent on their properties.
