Business - Stock Commentary | Philstar.com

A recent CNBC article captured the growing concern that the US Federal Reserve’s first rate cut – the infamous “pivot” – might not happen until “at least September”, and discusses a few analysts (including those from Bank of America) who have said that there is “real risk” that the first cut might not even come until March 2025.

Megaworlddisclosed that it sold 40,650,000 shares of its REIT subsidiary, MREIT, through a block sale transaction at a price of P12.30/share.

Balai Ni Fruitas, a subsidiary of the Lester Yu-controlled Fruitas, disclosed that it will acquire the bakeshop Sugarhouse in a deal that is scheduled to close by the end of the month.

Yesterday, I wrote about the VistaREIT Q4 dividend, and how (despite its gargantuan size) it was insufficient to drag VREIT’s cumulative FY23 dividends up above 90% of its reported distributable income for FY23 as required by the REIT Law.

Vista Land and Lifescapes posted an FY23 net income of P10.3 billion, up 39% from its FY22 net income of P7.4 billion.