RL Commercial REIT, Inc. (RCR), the biggest Real Estate Investment Trust (REIT) in the Philippines when it comes to how many places it operates in, has announced it will be adding six more shopping malls to its collection. According to their filing with the Securities and Exchange Commission on June 23, 2026, this will be the company’s fifth time adding new properties since it started.
What’s Happening?
Think of RCR as someone who collects and rents out buildings to make money. Right now, they own 38 properties – that’s 21 shopping malls and 17 office buildings. They’re planning to buy 6 more malls from their parent company, Robinsons Land Corporation (RLC).
The deal works like a trade: Instead of paying cash, RCR will give RLC about 1.29 billion new RCR shares (like giving pieces of their company) worth approximately ₱10.62 billion. Each share is priced at ₱8.25, which is 18% more than the average price people were buying and selling RCR shares for in the past 30 days (as of June 22, 2026).
Which Malls Are They Getting?
The six malls RCR is acquiring are:
- Robinsons Dumaguete
- Robinsons Tagaytay
- Robinsons Iligan
- Robinsons Galleria South
- Robinsons La Union
- Robinsons Naga
These malls are spread across different parts of the country – in Luzon, Visayas, and Mindanao. Together, they have over 160,000 square meters of space that can be rented out (that’s about the size of 22 football fields!). As of March 31, 2026, these malls are 96% full with tenants, meaning almost all the available spaces are being rented.
How Big Will RCR Become?
After this deal is completed, RCR will own 44 properties total – 27 malls and 17 offices. The company will be present in 30 key locations across the Philippines, up from 25 locations currently. The total rentable space (called Gross Leasable Area or GLA) will grow from 1.15 million square meters to 1.31 million square meters.
More importantly, this means RCR’s portfolio will be three times bigger than when it first became a publicly traded company through its Initial Public Offering (IPO).
About the Company’s Stock
According to the disclosure, RCR’s shares were trading at ₱7.05 as of June 22, 2026. At that price, the company’s total market value (market capitalization) was ₱137.82 billion. After the new shares are issued for this deal, RCR’s market capitalization is expected to reach approximately ₱146.90 billion – more than double what it was worth when it first listed nearly five years ago.
The company currently has 19,548,803,008 shares outstanding. After the transaction, this will increase to about 20.84 billion shares.
Future Growth Plans
RCR mentioned that its parent company, Robinsons Land Corporation, still has a large pipeline of properties that could potentially be added to RCR in the future. This includes more than 1.7 million square meters of malls, offices, and logistics space, plus about 4,000 hotel rooms. The company is also open to buying properties from other companies, not just from its parent.
The transaction still needs approval from government regulators before it can be completed. Property valuation was done by Leechiu Property Consultants, Inc., while FTI Consulting Philippines, Inc. provided a fairness opinion on the deal.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
