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Stock Commentary

AREIT finally declares its Q1/22 dividend

Merkado Barkada
AREIT finally declares its Q1/22 dividend

AREIT [AREIT 38.10 0.26%] [link] declared a P0.48/share cash dividend on Friday, payable on June 17 to shareholders of record on June 2.

The amount of the dividend is 2.1% larger than AREIT’s Q4/21 dividend, and 14.3% higher than AREIT’s Q1/21 dividend from a year ago.

AREIT’s annualized yield is now 5.04%, up from 4.93%, based on Friday’s closing price of P38.10/share. AREIT’s trailing 12-month yield (based on the last four quarters of dividends) is 4.80%, and its IPO yield (based off its IPO price and an annualized Q1/22 dividend) is the highest of all the REITs on the PSE at 7.11%.
 

MB BOTTOM-LINE

AREIT was the last of the PSE REIT sector to declare its Q1 dividend.

Yes, even DDMP [DDMPR 1.61 3.21%] beat the Ayalas to the punch! To AREIT’s credit, though, while DDMPR declared four days before AREIT, AREIT will end up paying out its Q1 dividend on June 17,  nearly two weeks before DDMPR while is scheduled to pay out on June 30.

The timing of the quarterly payments is not a big concern to me, but in the world of dividends, time is always money, and any delays (no matter how reasonable) can be a concern to some.

Zooming out a bit, it’s nice to see AREIT complete the six-for-six of REITs declaring Q1 dividends that were larger than the previous quarter.

Sure, the growth we’re talking about here is pretty marginal, and for most REIT holders, the little bit of dividend growth still doesn’t make up for the large declines in REIT stock prices over the past two months, but growth is growth and it’s a good sign to see commercial landlords posting gains of any kind given what the market’s been through.  

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Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.

AREIT

AYALA CORP.

PHILIPPINE STOCK EXCHANGE

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