RCR profit steady at P4.44B in 2023

By Brix Lelis

Apr 11, 2024 12:25 am

RL Commercial REIT Corp. (RCR), the real estate investment trust of the Gokongwei Group, said net income in 2023 marginally increased to P4.44 billion from P4.41 billion a year earlier.

Revenues edged up by 1 percent to P5.48 billion from P5.44 billion, driven by 'stable high operational performance' of the 16 assets infused by sponsor Robinsons Land Corp., the REIT said in a recent filing.

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