DDMP REIT Inc., the real estate investment trust of DoubleDragon, has approved a total cash dividend of P403.97 million for shareholders on record as of May 5 this year.
Eligible shareholders will be paid per share dividend of P0.0226599 on May 31.
“Despite the challenging global economic landscape, DDMP REIT was able to declare stable cash dividends declared from P1.849 billion in 2021 to P1.874 Billion in 2022,” said Hannah Yulo-Luccini, president of DDMP REIT Fund Managers Inc.
“As we all know, real estate cycles are constant alternating trends of lessees’ market during economic crisis periods and lessors’ market during boom times. Type of office tenants also changes over decades. Given the cyclical nature of this, what will preserve the solid value of the shareholders of DDMP REIT over the long-term is their perpetual ownership of the prime titled land and quality buildings within the complex,” said Edgar Injap Sia II, chairman of DDMP REIT.
