A Real Estate Investment Trust (REIT) in the Philippines is a publicly listed company that manages income-generating real estate assets such as residential properties, office buildings, malls, and hotels.
It provides an opportunity for investors to invest in real estate without having to manage physical properties themselves. The Philippine REIT Act was enacted in 2009 and the first REIT, Ayala Land REIT, was launched in 2020.
The law requires that 75% of a REIT’s total assets must be invested in real estate, and it must distribute at least 90% of its distributable income annually to shareholders. The Securities and Exchange Commission (SEC) regulates REITs in the Philippines, and they are traded on the Philippine Stock Exchange (PSE).
This investment vehicle is expected to attract more capital and provide an alternative funding source for real estate companies and developers, leading to industry growth. While there are currently no publicly listed REITs in Tagum City, there may be REITs that own properties in the area.
The Philippines has several listed REIT companies such as VistaREIT, Citicore-Energy REIT, Robinsons Land REIT, Ayala Land REIT, Double Dragon REIT, Filinvest REIT, and Megaworld REIT.
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