The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo
SUBSCRIBERS

Office Reits in the Philippines get a boost as spotty Internet limits work-from-home

google-preferred-sourceAdd BT as a preferred source
Jude Chan

Jude Chan

Published Mon, Jan 16, 2023 · 09:21 PM
    • Philippine-listed Reits are expected to see consistent earnings growth in FY2023, underpinned by a stable office market.
    • Philippine-listed Reits are expected to see consistent earnings growth in FY2023, underpinned by a stable office market. PHOTO: BLOOMBERG

    POORER Internet infrastructure in the Philippines is proving to be a boon for office landlords in the archipelago.

    While managers of some real estate investment trusts (Reits) with office assets are fretting over low physical occupancy rates due to work-from-home trends, market watchers say employees in the Philippines are returning to the office at a healthy rate.

    “Amid negative news flow surrounding remote work and the POGO (Philippine offshore gaming operators) sector, actual impact to office occupancy and rental rates has been minimal,” said Maybank analyst Miguel Sevidal.

    S-ReitsReitsPhilippinesAsean

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Keppel chief executive Loh Chin Hua is transforming the industrial conglomerate into a global asset manager and operator.

    Are Keppel’s dividends truly unsustainable – or just misunderstood?

    UOB continues to expect low single-digit loan growth, a full-year net interest margin of between 1.75% and 1.8%, and high single-digit fee growth in FY2026.

    UOB aims to double wealth income to at least S$2.5 billion by 2030; Q1 profit slips 4%

    Sony plans to buy Recognition Music Group through a joint venture with the Singaporean sovereign wealth fund GIC.

    Sony, Singapore’s GIC to pay almost US$4 billion for Bieber, Neil Young catalogue

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More