RCR reports robust 35%revenue growth in 2025

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February 6, 2026 | 12:00am

MANILA, Philippines — RL Commercial REIT Inc. (RCR), the real estate investment trust unit of the Gokongwei family’s Robinsons Land Corp. (RLC), delivered strong revenue growth last year on the back of strategic asset infusions and a consistently high portfolio occupancy rate.

RCR reported unaudited revenues of P11.08 billion in 2025, up by 35 percent year-on-year. The amount excludes the effect of the change in fair market value of investment properties.

“RCR continues to benefit from the upside of mall’s rental income from the 2024 asset infusion of two offices and eleven malls, together with the 2025 infusion of nine malls,” RCR president and CEO Jericho Go said.

For the fourth quarter alone, RCR’s unaudited revenues stood at P3.42 billion, a 49-percent jump from the same period in 2024.

RCR said revenues expanded by 12 percent quarter-on-quarter, reflecting the full quarter contribution of the nine malls recently acquired.

The company remains in a strong financial position with unaudited total assets of P167.76 billion, unaudited shareholders’ equity of P162.19 billion and continues to be debt-free.

Go said that with a higher proportion of malls in the portfolio, RCR is well positioned to capture the advantage of the ever-resilient consumer, while the office performance remains vibrant.

RCR has a diversified portfolio of 38 assets as of end 2025, composed of 21 malls and 17 offices.

The company, which has established itself as a multi-asset REIT, said it is well-positioned to further expand its portfolio.

RLC, its sponsor, continues to hold a robust pipeline of potential future infusions, including over 1.1 million square meters of mall gross leasable area, more than 250,000 square meters of office GLA, almost 300,000 square meters of logistics space and approximately 4,000 hotel room keys. 

The company is also open to acquiring third-party assets as part of its long-term growth strategy.

RCR was included as a constituent of the PSE Index in the latest rebalancing by the Philippine Stock Exchange Inc. (PSE). 

The inclusion serves as a testament to being part of the most liquid and well-capitalized firms on the PSE, RCR said.

“RCR remains focused on continuously improving the performance of the existing assets, as well as being constantly on the lookout for dividend accretive acquisitions in order to provide sustainable growth to its stakeholders,” the company said.

In line with its strong performance last year, RCR’s board approved the declaration of its fourth quarter 2025 regular cash dividend amounting to P0.1112 per outstanding common share.

For 2025, RCR has declared a total of P7.54 billion in cash dividends, representing more than 90 percent of its unaudited distributable income.

The fourth quarter cash dividends will be payable on March 2, to shareholders of record as of Feb. 20, 2026.