RL Commercial REIT Inc. (RCR) reported revenues of P11.08 billion in 2025, up 35 percent from P8.18 billion a year earlier, driven mainly by new property infusions and a high occupancy rate of 96 percent.
Revenue for the fourth quarter alone reached P3.42 billion, a 49 percent increase year-on-year. Quarter-on-quarter, revenues rose by 12 percent, or P358 million, reflecting the full-quarter contribution of nine malls acquired during the period. The company did not disclose its net income.
RCR said it remains in a strong financial position, with unaudited total assets of P167.76 billion and shareholders’ equity of P162.19 billion, while continuing to operate without debt.
President and CEO Jericho P. Go said the company continues to benefit from higher rental income following asset infusions in 2024 and 2025, particularly from malls, while office properties also remain stable. With a larger share of malls in its portfolio, RCR is positioned to benefit from resilient consumer spending.
The company also highlighted its inclusion in the Philippine Stock Exchange index, which it said reflects its liquidity and strong capitalization.
RCR’s board approved a fourth-quarter 2025 cash dividend of P0.1112 per share, payable on March 2 to shareholders on record as of February 20. For the full year, RCR declared total cash dividends of P7.54 billion, representing more than 90 percent of its unaudited distributable income, in line with its dividend policy and the REIT Law.
As of end-2025, RCR’s portfolio consists of 38 assets, including 21 malls and 17 office properties. Its sponsor, Robinsons Land Corp., continues to maintain a sizable pipeline of potential future assets, supporting further portfolio expansion. RCR’s market capitalization stood at P156.78 billion as of December 31.
