Business.inquirer.net: Pioneering Ayala-backed REIT ‍gobbles P13.6B in IPO

The first Philippine real estate investment trust (REIT), Ayala Land-backed AREIT Inc., has completed an initial public offering (IPO) estimated at P13.6 billion, attracting strong inte­rest from investors long thirs­ting for a new asset class that pitches high dividend yields.

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