DoubleDragon Properties Corp. subsidiary, DDMP REIT INC., today sets the final offer price for its REIT IPO at ₱2.25 per share. The price is set at the top end of the range due to strong demand during the bookbuild process. At the price of ₱2.25 per share, the Projected Dividend Yield as stated in the REIT Plan is 5.07% for FY2021 and 5.45% for FY2022.

“The DDMP basket is seen to be a compelling REIT offering since it will include the land, a premier corner lot located along the main thoroughfares of Macapagal Avenue, EDSA Extension and Roxas Boulevard, where the first 6 completed buildings sit on. This feature is expected to be a game changer since the value of the prime double corner 4.75 hectare block of land with titled land ownership to be held in perpetuity should keep on appreciating decade after decade, a very important inclusion for both domestic and foreign investors,” DoubleDragon Chairman Edgar “Injap” Sia II said.

“When there is underlying titled land ownership included in the REIT shares, even a hundred years from now it should keep its hard value intact. We see DDMP shares as a ‘Pamana Stock’ that even our future grandchildren will be happy to inherit,” Mr. Sia added.