VITRO REIT IPO pushed to 2027
PLDT deferred the planned VITRO REIT IPO to 2027, citing market conditions and higher interest rates.
PLDT has delayed the planned VITRO REIT IPO to 2027, citing unfavorable market conditions and rising interest rates. The P24.2 billion offering, which was originally scheduled for an October 12 listing, was intended to help reduce debt and meet REIT reinvestment requirements. The company believes the delay is due to valuation concerns rather than a change in its monetization strategies.
With higher rates, investors would demand a higher yield from REITs, leading AB Capital Securities to advocate for waiting for a more favorable rate environment before proceeding with the IPO. In the meantime, the firm will focus on core telco earnings recovery and potential asset listings, such as Maya, as larger value-unlocking catalysts into 2027.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
