GSIS & SSS Dividend Gains on AREIT & DDMP REIT

While creating the profiles of AREIT and DDMP REIT, I chanced upon the GSIS and SSS REIT shareholdings. It was a pleasant surprise to find those two government entities owning shares of REITs, so I’m here to share with you what I found.

Below is a simple graphic that I made.

GSIS & SSS Dividend Gains

You may find the actual list of shares here and here. It’s written under Top 100 shareholders dropdown.

Here are the key takeaways:

GSIS+AREIT

  • GSIS has 18,518,500 shares of AREIT as of March 31 2021.
  • Assuming GSIS bought at ₱24.9 per share, their initial capital would have been ₱461,110,650.
  • The ₱32,222,190 total AREIT dividend gains made as of June 15 2021 represents around 7% return on their capital.

SSS+AREIT

  • As for the Social Security System, they have two funds that own AREIT; the main SSS Fund which has 3,249,600 shares and the SSS Provident Fund that owns 3,703,700, creating a total of 6,953,300 shares.
  • If SSS also bought at ₱24.9 per share, their initial capital would have been ₱173,137,170.
  • The ₱12,098,742.00 total AREIT dividend gains would represent 7% return on their money.

GSIS+DDMPR

  • GSIS owns 222,222,000 shares of DDMPR
  • If GSIS bought at ₱2.25 per share, that would put their initial capital at ₱499,999,500.
  • The ₱9,025,142.09 total DDMPR dividend gains made as of May 25 2021 would represent 1.81% return on their capital.

SSS+DDMPR

  • The SSS Fund owns 17,627,000 DDMPR shares, while the SSS Provident Fund owns 22,222,000, creating a total of 39,849,000 shares.
  • If SSS also bought in at ₱2.25 per share, that would put their initial capital at ₱39,660,750.
  • The ₱1,618,394.61 total DDMPR dividend gains would represent 4.08% return on capital.

This is the great part. So far, GSIS has gained a total of ₱41,247,332.09 from its ownership of AREIT and DDMP REIT, while the SSS organization has gained a total of ₱13,717,136.61.

That’s ₱41.2M income for GSIS from simply owning REITs, which could in turn help fund their pensioners and ₱13.7M for SSS  that could be used as additional budget for their members.

GSIS and SSS touches the lives of almost everybody we know that are currently working or have worked and are now retired; moms, dads, siblings, aunts, uncles, friends, colleagues. There are Filipinos that depend on these government organizations in their retirement years, so, it’s a vote of confidence that both have ownership interest in the country’s first two Real Estate Investment Trusts.

I’m not making a promise, but I will “try” to add some sort of feature that would track GSIS and SSS investments in REITs. I’ve been contributing to my SSS account since I was a contractual, menially working to afford a bottle of beer. Tracking their REIT gains would be fun, right? Seeing as we will eventually be beneficiaries when we retire.

Well, I think that’s it. I have nothing else to add. Have a great week ahead!

Cheers!


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