Modest growth seen for RL Commercial REIT

By Brix Lelis

Jan 29, 2024 12:32 am

RL Commercial REIT Inc. (RCR), the real estate investment trust (REIT) unit of Robinsons Land Corp. (RLC), will likely deliver modest growth this year amid steady occupancy, Maybank Investment Banking Group said.

A sustained occupancy rate of at least 94 percent and annual rental rate escalations of as low as 3.0 percent will likely help RCR deliver 4.0 percent year-on-year growth in 2024, Maybank said in a report.

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