RL Commercial REIT (RCR) Q2 2025 earnings summary

Executive summary

• All proceeds from the October 2024 block placement of 318,902,800 shares (₱1.87B gross) have been fully disbursed as of June 30, 2025, in line with the Reinvestment Plan.

• ₱31.28M was used for block placement expenses, and ₱1.84B was allocated to capital expenditures across multiple projects.

• Disbursements were verified by external auditor Sycip Gorres Velayo & Co. with no exceptions noted.

Capital allocation and financing

• Capital expenditures funded included residential, commercial, and land acquisition projects such as Amisa Private Residences, Robinsons Bacolod Redevelopment, and Mantawi Residences.

• Disbursements for Q1 2025 totaled ₱894.1M and for Q2 2025 totaled ₱943.4M, fully exhausting the proceeds.

• No balance remains from the block placement proceeds as of June 30, 2025.

Significant events and developments

• The final report and supporting schedules were submitted to the SEC and PSE, confirming full compliance with disclosure and reinvestment requirements.

• External auditor performed agreed-upon procedures, confirming the accuracy and proper classification of all disbursements.