Stock Commentary

AREIT declares largest dividend in company’s history

Merkado Barkada
AREIT declares largest dividend in company�s history

AREIT [AREIT 33.95, up 0.1%; 116% avgVol] [link] declared a Q1/24 dividend of P0.56/share, payable on June 13 to shareholders of record as of May 28. The dividend has an annualized yield of 6.6%, which is a little higher than AREIT’s pre-dividend annualized yield of 6.48%. The total amount of the dividend is approximately 90.3% of the P1.47 billion in distributable income that AREIT reported for the period. AREIT’s year-to-date stock and dividend return is now up to 3.32%, and its total return since its IPO is now 54.56%.

MB bottom-line: That’s 16 straight quarters of stable or growing dividends from AREIT. Their management team has weathered all of the issues and problems that have plagued the commercial REIT sector since the pandemic in 2020 (COVID, inflation, POGOs, etc), and they’ve managed to actually grow the dividend 10 times while doing it. Sure, their yield is the lowest of the REITs on the PSE, but it’s low for a reason: risk (or the relative lack thereof). 


Merkado Barkada is a free daily newsletter on the PSE, investing and business in the Philippines. You can subscribe to the newsletter or follow on Twitter to receive the full daily updates.


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.

vuukle comment




  • Latest
Are you sure you want to log out?

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

or sign in with