These REITs are legally obligated to distribute dividends on a quarterly basis, ensuring a stable income stream for investors.
What is great about the REITs is that investing into one means getting cash dividends every quarter, which is 90 percent of the REIT’s income. In short, where an investor is dependent on the board of directors for the dividend declaration, in a REIT stock, it is a requirement of the law. Other REITs that First Metro ticks off as great buys from its investment standpoint are Ayala REIT, Megaworld REIT, and Robinson’s Land REIT. These REITs that are listed on the Philippine Stock Exchange provide the kind of steady income that retail investors will need, which will help them avoid becoming victims of Ponzi schemes.
This key point, according to Beltran, ensures that the money raised is put into good use within the Philippines. “This is a game changer,” Beltran told the Monday Circle, which groups together brokers and businessmen with diverse backgrounds from steel industry to cold chains, journalists and lawmakers.