About DDMP REIT. Taken directly from SEC FORM 17-A
The Company is a real estate investment trust formed primarily to own and invest in an incomeproducing commercial portfolio of office, retail, industrial and hotel properties in the Philippines that meets our Company’s investment criteria. Primarily, DDMP REIT will be the commercial REIT platform of DD.
As a commercial REIT, DDMP REIT will focus on expanding its office, mall, industrial and hotel properties. However, if the opportunity arises, DDMP REIT may also explore other types of real estate properties available in the market. DDMP REIT will offer Shareholders an investment opportunity with a stable yield,
appreciating underlying asset values, high-quality properties with strong tenant demand, strong Sponsor support from DD, proven capabilities of management to execute as planned and focused on growing dividend yield hand in hand with long-term appreciation of underlying asset values.
The Company intends to provide a Competitive Investment Return to investors through execution of a careful investment strategy focused on producing a secure and growing
income. The Company’s principal investment strategy is to invest in income-generating real estate properties that meet a select set of criteria.
The Company is a subsidiary of DoubleDragon Properties Corp. (“DD”), a domestic
corporation primarily engaged in the business of real estate development and real estate investment. DD became a publicly-listed company on April 7, 2014.
DIVIDENDS! This is where you'll get your money if you buy, hold and don't sell
Date of Approval by Board of Directors: Aug 16, 2021
Amount of Cash Dividend Per Share: ₱0.0277780/share
Ex-dividend Date: Aug 25, 2021<–will be paid to you if you’re a stockholder before this date
Record Date: Aug 31, 2021
Payment Date: Sep 13, 2021 <–your payday
Next round of dividends is yet to be announced.
Point of interest regarding your dividends
PART II – OPERATIONAL AND FINANCIAL INFORMATION
Dividends and Dividends Policy
The Company has adopted a dividend policy in accordance with the provisions of the REIT Law, pursuant to which the Company’s shareholders may be entitled to receive at least 90% of the Company’s annual Distributable Income. The Company intends to declare and pay out dividends on a quarterly basis each year.
If you buy a share of stock of DDMP REIT, you will have ownership interest of these properties
1. DD Meridian Park located at 24 Diosdado Macapagal Blvd, Pasay, Metro Manila
It is being developed as a mixed-use development with a focus on office space leasing.
2. DoubleDragon Plaza located at DD Meridian Park
This property has an approximately 139,240 square meters of rental space. It consists of four 11-storey towers; the office spaces have a Gross Leasable Area of 127,863 square meters, while commercial retail area has a Gross Leasable Area of 11,377 square meters. It started its operations in 2017.
3. DoubleDragon Center East located at DD Meridian Park
This property has an approximately 16,197 square meters of rental space. It has a one 11-storey tower; the office spaces have a total Gross Leasable Area of 15,124 square meters, while the retail area has 1,073 square meters of leasable space. It started its operations in 2019.
4. DoubleDragon Center West located at DD Meridian Park
This property has an approximately 16,815 square meter of rental space. It has a one 11-storey tower; the office spaces have a total Gross Leasable Area of 15,689 square meters, while the retail area has 1,126 square meters of leasable space. It started its operations in 2019.
5. Robinsons DoubleDragon Square at E. Rodriguez Jr. Avenue in Libis, Quezon City
Robinsons DoubleDragon Square is a 50-50 joint venture between Robinsons Land Corporation and DoubleDragon Properties Corp. It will have an approximate gross leasable floor area of 10,032.10 square meters and will form part of Bridgetowne Libis. This will cost DDMPR ₱336,527,662.59, which will be taken out from the IPO’s proceeds of ₱8,072,431,482.61.
6. Jollibee Tower at F. Ortigas Jr. Road cor. Garnet Road, Ortigas Center, Pasig City
Jollibee Tower is a 50-50 joint venture between Jollibee Food Corporation and DoubleDragon Properties Corp. It has 41 floors of commercial and office space, with a total of 55,000 square meters of leasable space. It is a Grade A building and will cost DDMPR ₱603,945,356.77, which will be taken out from the IPO’s proceeds of ₱8,072,431,482.61..
Quick summary of the properties mentioned above
Note: If you’re using mobile, please use Landscape mode to view this table.
|Type||Name||Address||Floor Area (Sqm)|
|Mixed-use Development||DD Meridian Park||24 Diosdado Macapagal Blvd, Pasay||280,000|
|Building||DoubleDragon Plaza||DD Meridian Park, 24 Diosdado Macapagal Blvd, Pasay||11,377 (Retail) 127,863 (Offices)|
|Building||DoubleDragon Center East||DD Meridian Park, 24 Diosdado Macapagal Blvd, Pasay||1,073 (Retail) 15,124 (Offices)|
|Building||DoubleDragon Center West||DD Meridian Park, 24 Diosdado Macapagal Blvd, Pasay||1,126 (Retail) 15,689 (Offices)|
|Building||Robinsons DoubleDragon Square||E. Rodriguez Jr. Avenue in Libis, Quezon City||10,032.10|
|Building||Jollibee Tower||F. Ortigas Jr. Road cor. Garnet Road, Ortigas Center, Pasig City||55,000|