MANILA, Philippines – For the first time, Filipinos may be able to invest in a REIT whose income comes from data centers, the physical backbone of cloud computing and AI.
PLDT Inc. disclosed that VITRO Inc., a wholly owned subsidiary of ePLDT, submitted a registration statement and Real Estate Investment Trust (REIT) Plan with the Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO). On June 22, PLDT said VITRO had also submitted its application to list on the Main Board of the Philippine Stock Exchange.
If approved, the listing would mark a historic first for the local stock market. It would be the Philippines’ first digital infrastructure REIT, and the first local REIT whose initial portfolio consists of data center assets rather than the more familiar offices, malls, hotels, warehouses, or township properties.
“The proposed VITRO REIT is intended to provide a platform to unlock value from 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,” PLDT earlier said in a disclosure to the Philippine Stock Exchange (PSE).
