Many investors bought shares during the IPO of the first REIT on the market. The offer period is set from July 27 to Aug. 3, with listing at the PSE main board tentatively scheduled on Aug. 13. AREIT Inc., the real estate investment trust unit of Ayala Land Inc., has tightened the indicative price range for its initial public offering (IPO). Tips How to Avoid Losing Money in the Stock Market. Either way, payments would arrive in waves, Glimpses of Anne Curtis's home life in Australia, Philippine Genome Center to assess more samples to see if new virus variant present, Georginio Wijnaldum to make Liverpool decision 'this week' as Barcelona circle, CPP: Terror tag also targets political opposition, Charlie Dizon forbidden to talk to Paulo Avelino while filming Fan Girl, PayMaya says users reach 28 million in 2020 across platforms, Skyway Stage 3 Is Finally Here and It Will Be Free for a Month, Biden: Trump aides setting 'roadblocks' for his transition team, 10 Signs You Have A Bad Relationship With Food (And How To Fix It), Farewell to these places that closed down in 2020. AREIT will offer a total of 502.57 million shares, inclusive of the over-allotment option of around 45.69 million, at an indicative price of up to P30.05 per share. In a statement on Saturday, PSE said AREIT would be offering 502.57 million shares, inclusive of the overallotment option of 45,688,700 shares. The shares have an indicative price of up to P30.05 per share, but the final offer price would be determined after the companyâs book building process. YES 100% KASI MABABA PA AFTER THE PANDEMIC TATAAAS NA SO NOW IS THE TIME TO INVEST IN REIT. Areit shares have an indicative price of up to P30.05 per share. That's it. The IPO consisted of 47.86 million primary common shares and 409.02 million existing common shares offered by the Sponsor, Ayala Land, with an over-allotment option of up to 45.69 million shares. The Philippine Stock Exchange (PSE) said it has cleared the initial public offering (IPO) of Ayala Land Inc.âs real estate investment trust (REIT), which serves as the first of its kind of the country. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. The PSE board approval enables AREIT to issue and list common shares following the recent pre-effective approval issued by the Securities and Exchange Commission on 10 July 2020. How often do share prices go below its IPO offer? If You Invested $500 in Facebook 8 Years Ago, How Much Would You Have Now? Best Philippine Stocks to Buy in 2021 for Long Term Investment, Best Dividend Paying Stocks in the Philippines in 2021, 9 Tips How to Avoid Losing Money in the Stock Market in 2021, How to Trade US Stocks in the Philippines (with 5 Benefits), Founder of DailyPik, trusted fund manager and investor. It is a very stable company with a strong balance sheet. AREITâs offering will run from July 27 to August 3 while listing is slated for August 13. This could raise up to P15.1 billion. Thatâs a lot more than before (P25k). In a disclosure to the Philippine Stock Exchange, ALI said AREIT offered 456.88 million common shares (Firm Offer) at a price of P27.00 per share. Our image of the day, Megan, Mikael to try living in Subic this 2021, Duterte hits ICC anew for âinterferingâ in Philippine affairs. I think your outlook with REIT works best for long term. AREIT Initial Public Offering started last July 27 to August 3, 2020 (through PSE EASy) and July 24 to 30 through online broker. But I think I won’t be buying during the IPO. It affects more many things negatively. The shares have an indicative price of up to P30.05 per share, but the final offer price would be determined after the companyâs book building process. AREIT, the countryâs first Real Estate Investment Trust. Below are the risks of investing in Ayala Land REIT. All investments have risks. AREIT Inc. (AREIT) - Stock, Realtime Charts, Screeners, News, Price Alerts and Many More. If you log in to your online trading account, you’ll see an IPO notice. Is AREIT available now? Starting July 27, 2020, the first REIT in the Philippines (Ayala Land REIT) or AREIT will be listed through an IPO (Initial Public Offering). The scheduled offer period of Areit is from July 27 to Aug. 3, 2020. Listing Notices Listing-related announcements from the PSE Listings Department. AREIT aims to sell up to 456,883,000 common shares with a stabilization option of 45,688,700 shares at a maximum offer price of P30.05 a piece. Is It too Late to Invest in Tesla After its Stock Split? Real estate investing through direct property purchase involves a lot of work. AREITâs offer period is scheduled from July 27 to August 3. Just my opinion as always . Of course, all investments have risks. Listing in the PSE was on August 13, 2020. It opened flat but it looks ok, itâs stable at its opening price because the same with its listing price. TIMETABLE: Offer Period: July 27- August 3, 2020. I missed MM but plan to buy AREIT IPO. Any asset traded in the stock exchange is affected by market volatility. Provided we purchase shares in board lots (Board Lot Table from PSE Academy), we can buy up to P100,000 in shares of any IPO. Reit is a company that owns, and in ⦠Although it could happen in a century or many decades, a pandemic is a huge risk. Did you buy shares on the IPO, or did you wait for it to be available for trading? Securing loans to purchase real estate properties requires plenty of effort and many documentations. AREIT Inc. On the Ayala Land REIT, the SEC said it has approved initially the registration statement of AREIT Inc, for 1,092,986,504 common shares for listing and trading on the Main Board of the Philippine Stock Exchange (PSE) under the trading symbol âAREIT. Historical stock quote from PSE, Price to Earning (P/E) Ratio, Open, High, 52 Week High, 52 Week Low, Earnings Per Share, Number of Outstanding Shares, stock and data related company news from the Philippines. After all, 90% of REITs taxable earnings are required to be given to shareholders, and income of REITs are exempt from 30% corporate tax. This content is for information purposes only and should never be considered as professional advice. AREITâs offer period is scheduled from July 27 to August 3. âWe are pleased that AREIT has decided to pursue its IPO even under the present economic challenges brought about by the Covid-19 pandemic. Investing in REITs requires minimal effort as you can buy and sell your shares online, provided you have an online trading account. It’s the first REIT in PH and looks like the FOMO will linger in the market until another REIT has been listed. We are excited over the prospects of the REIT sector now that we have a first mover in REIT listing,â PSE President and Chief Executive Officer Ramon Monzon was quoted as saying. "AREIT is a big chunk of the market volume today. We can trade AREIT by August 13. The final offer price will be determined after the ⦠and is it okay to invest this pandemic? The final offer price will be determined after the companyâs book building process. Many investors bought shares during the IPO of the first REIT on the market. We are optimistic that the companyâs IPO will pave the way for other property firms, even those that are not yet listed in the PSE, to consider listing REITs,â Monzon added, referring to the coronavirus disease 2019. AREIT, Inc. Philippine stock quote of (AREIT) (AREIT, Inc.). Listing in the PSE was on August 13, 2020. AREIT will be offering a total of 502.57 million shares, inclusive of the over-allotment option of 45,688,700 shares. Yes, it’s available now for IPO subscription through your online broker and PSE EASy. AREITâs shares closed 7.78% lower at P24.90 apiece from its offer price of P27, while the Philippine Stock Exchange index (PSEi) closed 1.71% higher on Thursday. Most importantly, it doesn’t require a contract. 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