Skip to main content

Posts

Featured

DoubleDragon REIT IPO

Exciting times ahead as DoubleDragon's initial public offering (IPO) of 14.7 billion shares of its real estate investment trust (REIT) [DDMP REIT] gets nearer and nearer. Reservation dates for the IPO are from February 4-11, 2021 and a share costs 2.25p each. Gross dividend rate is 5% per annum to be issued quarterly. DDMP REIT will initially cover the seven buildings of DD Meridian Park in Pasay City and the proceeds of the IPO will be invested back in the Philippines. Majority of the IPO proceeds will be used to increase DoubleDragon's leasable industrial warehouse space and footprint nationwide.  ( source ) Two other REIT IPOs are scheduled within the year, with Robinson's Land and Vista Land and Landscapes also planning to throw their hat into the REIT ring. ( source ) In this year of rebuilding and trying to get the economy back on track, all of these business expansions is just what the Philippines needs to recover lost ground due to the pandemic. That being

Latest Posts

Image

Dissecting my COL portfolio

Image

Happy New Year!

Image

Two Simple Steps to Riches

Image

Relaunching the Newsletter

Image

Setting my own metrics

Image

The Queen's Gambit: Genius Not Needed in Personal Finance

Image

Plan C or NZ

Image

Death Planning

Image

How to Check Your GSIS Benefits