GOKONGWEI-LED RL Commercial REIT Inc. (RCR) on Wednesday reported a 41-percent increase in January to September 2024 revenues to P5.74 billion from P4 billion a year ago, mainly due to a multi-asset infusion valued at P33.92 billion from its sponsor, Robinsons Land Corp. (RLC).
"The 13 multi-asset infusion valued at P33.92 billion has been the largest single infusion done by any Philippine REIT company so far," RCR President and Chief Executive Officer Jericho Go said.
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