CEO Behind Philippines’ Biggest REIT IPO Eyes Earnings Rebound in 2022
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Robinsons Land Corp could return to pre-pandemic level earnings in the second half of next year, according to the CEO of the Philippines second-largest mall builder.
It all depends on the breadth and depth of the country’s economic reopening, Frederick Go said in an interview Wednesday. Go this month pulled off the largest Philippine real estate investment trust IPO, raising about $472 million from the maiden share sale of RL Commercial REIT Inc., which owns 15 of Robinsons Land’s 27 office buildings.