RL Commercial REIT Set to Benefit from Deal with Sponsor

Dow Jones07-10

0644 GMT - RL Commercial REIT stands to benefit from property-for-share swap transaction with sponsor Robinsons Land to acquire six mall assets by 3Q, Maybank Securities' Raffy Mendoza says in a research report. The additional asset infusions prompt the brokerage to lift its distributable earnings forecasts for the REIT by 9% for 2026 and 15% for 2027. Management has also guided that accretion of the malls into the REIT's earnings will start July 1, the analyst notes. The brokerage raises the unit's target price to 8.50 pesos from 7.90 pesos with an unchanged buy rating. The units are 0.1% higher at 7.22 pesos.(ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 10, 2026 02:44 ET (06:44 GMT)

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