Country to miss out on REITs due to rules

The Asia Pacific Real Estate Association (APREA) sees a failure to understand the economic benefit from REITs among the revenue regulators of the government upon the release of the strict rules governing their sale. Already, big corporations eyeing good business in REITs like Sy's SM Prime have dropped plans due to the finalized new rules. Read more...

REIT Headlines

P10bn annual tax loss seen from REITs

Describing the REIT Law as 'ridiculous,' tax officials and experts within and outside the Bureau of Internal Revenue (BIR) say it will not usher a new beginning in Philippine real estate  as it will cut taxes from its business sources by at least P10 billion annually. Along with this come warnings about ploys to avail incentives by circumventing the law. Read more...

REIT tax rules not open for revision

The Bureau of Internal Revenue believes the recently finalized REIT tax rules have been drafted and implemented fairly and within the conditions and provisions of the REIT Act of 2009, and is now closing its doors to proposed changes to the rules unless the law itself is amended. Read more...

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Company News

SM Prime drops $500m REIT plan

Citing concerns about the "current public ownership structure," SM Prime CFO Jeffrey Lim said that it is abandoning its plans to raise up to $500 million through a REIT offer, and will instead focus its efforts on other projects given that there's plenty of liquidity for capital raising. All these were announced after the release and implementation of the new tax rules on REITs. Read more...

Robinsons Land to raise up to 30 hotels in 5 years

While waiting for the final rules on REITs, Robinsons Land is planning to expand its budget hotel business in the country by building at least ten company-owned budget hotels and 20 others under franchise using at least half of the $317 million they raised from last month's stock rights offer. Read more...

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REIT News

American Tower merges to become REIT

Following announcements of its conversion to a REIT, American Tower Corp. moves forward in its plans with a merger with American Tower REIT Inc., eyeing the start of 2012 for a REIT status for purposes o federal income tax. Read more...

Singapore office properties on a down-slide

Amidst revisions on rental fees, unit prices of Singapore office REITs have begun to fall, with concerns that the conditions will affect the market for the next few quarters. Investors, however, remain confident that the REITs' credit rating won't get hit. Read more...

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In the Spotlight

Listed but not public

Business Mirror's Emetrio Perez looks into the effects and listing history of the new tax rules governing REITs in his column, BY THE RULE. Read more...

REIT Taxation Features

Alberto C. Agra and Maricel L. Baltazar of Forensic Solutions report on Philippine REITs, particularly its taxation features. Read more...
Exclusive REIT.PH Publications

The REIT Debate




Know the current hurdles besetting the final implementation of REITs in the Philippines. Read more...



Publication Date: April 2011




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REIT Files
  • 59319RR 13-2011.pdf   137k - Sep 5, 2011 1:22 AM by reit ph (v1)
    ‎Revenue Regulations No. 13-2011 implements the tax provisions of Republic Act No. 9856, otherwise known as “The Real Estate Investment Trust Act of 2009”‎
  • REIT amendment - notice.pdf   47k - May 4, 2011 7:47 AM by reit ph (v1)
    ‎Notice: Re-publication of Amendments of the IRR of the REIT LAW as posted by SEC‎
  • Draft BIR REIT IRR.pdf   77k - Feb 6, 2011 5:12 AM by reit ph (v1)
    ‎Draft of REIT IRR as posted by SEC‎
  • Revenue Memorandum Circular (RMC) No. 58-2010.pdf   99k - Feb 6, 2011 5:12 AM by reit ph (v1)
    ‎Revenue Memorandum Circular No. 58-2010‎
  • REIT Listing Rules.pdf   397k - Feb 6, 2011 5:10 AM by reit ph (v1)
    ‎REIT Listing Rules as approved by PSE and SEC‎
Showing 5 files from page Files.

REIT Events


June 7-9: REITWeek 2011
REITWeek 2011: NAREIT’s Investor Forum® brings the largest concentration of REIT management teams into one location, enabling you to get the latest insights and hear first-hand from REIT executives about their latest company developments. More information

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