Business - Stock Commentary | Philstar.com

Yesterday, I wrote about the VistaREIT Q4 dividend, and how (despite its gargantuan size) it was insufficient to drag VREIT’s cumulative FY23 dividends up above 90% of its reported distributable income for FY23 as required by the REIT Law.

Vista Land and Lifescapes posted an FY23 net income of P10.3 billion, up 39% from its FY22 net income of P7.4 billion.

Fruitas disclosed that it sold P200 million worth of corporate notes in a private placement to banks and institutional investors.

The Government Service Insurance System has increased its stake in the Gokongwei-owned RL Commercial REIT to 8.18% through the purchase of over 790 million shares of RCR over the past 60 days.

DDMP declared a Q4/23 dividend of P0.023137/share, payable on May 31 to shareholders of record as of May 7.