REITs now 1.4% of country's GDP

By Mayvelin U. Caraballo

Feb 23, 2022 12:28 am

THE Department of Finance said the total market capitalization of real estate investment trust (REIT) is now 1.4 percent of the country's overall economy.

Finance Secretary Carlos Dominguez 3rd said in a prerecorded message at the Citicore Energy Real Estate Investment Trust Corp. listing at the Philippine Stock Exchange on Tuesday that five REITs have already been established in the market with a total capitalization of P280.6 billion in less than two years.

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