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Ayala Reit's IPO to blaze trail for other Philippine issuers

The pioneer Reit issuer says it had to educate investors on Reits and brave the uncertainty around Covid-19

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Ayala North Exchange, the largest asset in Ayala Land Reit, which is the first ever Reit to list in the Philippines.

Singapore

AYALA Land Reit (AReit) had a rough ride listing on the Philippine Stock Exchange (PSE) in August, being the first-ever issuer to lodge a Reit initial public offering (IPO) in the Philippines, and in the midst of the Covid-19 uncertainty no less.

Prior to its 13.6 billion...

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