Robinsons Land Corp - RLC will subscribe to 1.29 bln shares of RCR at price of 8.25 pesos per share

Robinsons Land Corp. (RLC) has announced its subscription to 1.29 billion shares of RL Commercial REIT, Inc. (RCR) at a price of 8.25 pesos per share. This transaction is part of an ongoing strategy to expand RCR’s portfolio through property-for-share swaps, a mechanism that has previously allowed the REIT to acquire mall assets from RLC. In a recent deal approved by the Securities and Exchange Commission, RCR issued 3.83 billion shares to RLC in exchange for nine mall assets, valued at P30.67 billion. These properties added 324,107.75 square meters of gross leasable area (GLA) to RCR’s portfolio.

The latest subscription by RLC underscores the company’s continued commitment to leveraging its REIT structure to optimize capital and support its long-term growth objectives. RLC has previously raised funds through block sales of RCR shares, including a P7 billion raise in January 2026. The proceeds from such transactions are typically used to finance RLC’s development pipeline and expansion initiatives.

Following the recent block sale of RCR shares, public ownership in the REIT increased to 44.18%. The subscription of additional shares by RLC is expected to further enhance the REIT’s asset base and diversify its income streams.