Filinvest Land, Inc. (ticker symbol: FLI) is jumping into the Real Estate Investment Trust (REIT) bandwagon. However, instead of creating a new company, it is transforming its wholly-owned subsidiary Cyberzone Properties Inc. into a REIT company.
The property portfolio for the REIT company will include buildings leased out to traditional companies as well as business process outsourcing companies. Two specific properties were identified by Filinvest Land: the Northgate Cyberzone in Alabang and the Filinvest Cyberzone in Cebu
City. The former is an 18.7-hectare PEZA-registered business park that caters primarily to business process outsourcing companies.
Filinvest Cyberzone-Cebu, on the other hand, is a 1.2-hectare mixed-use complex of four towers with a common retail and parking area. It is a joint venture project between Filinvest Land and the provincial government of Cebu City. Like the Northgate Cyberzone, Cyberzone-Cebu is located within a PEZA-accredited business park.
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For information on Real Estate Investment Trust (REIT) concepts, please click Banking > UITF Rates on the top menu.
FLI is a top dividend-yielding stock; please see Best Dividend Stocks.
Source: This article was based on company disclosure entitled Press Release: FLI to establish REIT Co. posted on the PSE Edge website on January 21, 2021.
How to invest step by step and how much the minimum.?
Hi Dandin,
Please check the website’s menu and click on Stock Market Investing. This will lead you to the page that gives you the step-by-step procedure.
There is no minimum initial funding requirement to open a trading account with COL Financial or BDO Securities. BPI Trade, however, requires a maintaining balance of P500.
To buy a stock, the minimum transaction amount depends on the stock. At current prices, you need about P7,000 to buy the minimum 5 shares of PLDT. However, your P1,000 could buy you the minimum 100 shares of GMA7 as this will just cost you about P600.
The minimum number of shares you could buy or sell is called the board lot.