Philippines Property Sector Stocks

SM Prime Holdings, Inc. (SMPH) was incorporated on January 6, 1994 to acquire and develop real estate, conduct and maintain commercial shopping centers including shopping center spaces for rent, amusement centers, movie or cinema theaters, and to construct and manage buildings such as condominium, apartments, hotels, restaurants, stores and other structures for mixed use purposes. The Company has now four business units, namely, malls, residential, commercial, and hotels and convention centers.As of December 31, 2019, SMPH has 74 malls in the Philippines and seven shopping malls in China. The malls in China are located in the cities of Xiamen, Jinjiang, Chengdu, Zibo, Chongqing, Tianjin, and Suzhou. The Company has 49 residential projects, 19 commercial projects, eight hotels, four convention centers and three trade halls. SMPH also owns Sky Ranch, an amusement park in Tagaytay City and within SM City Pampanga.Among the Company's subsidiaries are SM Development Corporation; Costa del Hamilo, Inc.; Tagaytay Resort Development Corporation; SM Arena Complex Corporation; SM Hotels and Conventions Corp.; and SM Land (China) Limited.Source: SEC Form 17-A (2019)

Ayala Land, Inc. (ALI) was formerly the real estate division of Ayala Corporation (AC) and was incorporated on June 30, 1988 to focus on the development of its existing real estate assets. In July 1991, the Company became publicly-listed through an initial public offering of its primary and secondary shares on the Makati and Manila Stock Exchanges.ALI is engaged in the planning and development of large scale, integrated estates having a mix of use for the sale of residential lots and buildings, office buildings and commercial and industrial lots, leasing of commercial and office spaces and the development, operation and management of hotels and resorts. The Company also develops commercial and industrial parks and is also engaged in property management, construction and other businesses like retail and healthcare. Among the Company’s subsidiaries are Alveo Land Corporation; Avida Land Corporation; Ayala Property Management Corporation; Makati Development Corporation; North Triangle Depot Commercial Corporation; Laguna Technopark, Inc.; and Ten Knots Philippines, Inc. Source: SEC Form 17-A (2019)

AREIT, Inc. (AREIT) was incorporated on September 4, 2006 as a real estate company. The Company was originally known as One Dela Rosa Property Development, Inc. before changing its name to the present one on April 12, 2019.The Company operates as a real estate investment trust (REIT) which principal investment strategy is to invest in income-generating real estate. To meet the investment criteria, a potential new property should be located in a prime location in either Metro Manila or key provinces in the Philippines; be primarily focused on commercial operations; and have stable occupancy, tenancy, and income operations. The Company's sponsor is Ayala Land, Inc.AREIT's property portfolio currently consists of three commercial buildings in Makati City, Metro Manila. These are Solaris One, a 24-storey commercial building; Ayala North Exchange, a two-tower mixed-use development; and McKinley Exchange, a five-storey mixed-use development. The land on which the buildings are built do not form part of the Company's asset portfolio and is not owned by the Company.Source: Prospectus (2020)

RL Commercial REIT, Inc. (RCR) was registered with the Securities and Exchange Commission (SEC) on May 16, 1988 as Robinsons Realty and Management Corporation primarily to acquire by purchase, lease or otherwise, and to own, develop, sell, mortgage, lease, and hold for investment or otherwise, real estate of all kinds. On April 15, 2021, the SEC approved the change in name to the present one as well as the change in primary purpose to that of a real estate investment trust.RCR's principal investment strategy is to invest on a long-term basis in a diversified portfolio of income-producing real estate assets, leased primarily for office purposes, and located in major central business districts and key cities and urban areas across the country. The Company's sponsor is Robinsons Land Corporation (RLC).On April 15, 2021, a deed of assignment was executed between RCR and RLC for the assignment, transfer, and conveyance by RLC of several properties to the Company in the form of buildings and condominium units, excluding the land wherein the buildings and the condominium units are situated, in exchange for shares. These assigned properties consist of: (i) the buildings and related immovable property in respect of Cyberscape Alpha, Cyberscape Beta, Tera Tower, Cyber Sigma, Exxa-Zeta Tower, Robinsons Cybergate Cebu, Robinsons Galleria Cebu, Robinsons Place Luisita 1, Cybergate Naga and Cybergate Delta 1, and (ii) 96 condominium units in Robinsons Equitable Tower and 31 condominium units in Robinsons Summit Center.RCR's initial portfolio of 14 assets is comprised of these assigned properties as well as Robinsons Cybergate Center 2 and Robinsons Cybergate Center 3 in Mandaluyong City. The land on which nine of the assigned properties are situated is leased by the Company from the sponsor, while Cyber Sigma is subject to a lease agreement with the Bases Conversion Development Authority.Source: Prospectus (2021)

Robinsons Land Corporation (RLC) was incorporated on June 4, 1980 to serve as the real estate investment arm of JG Summit Holdings, Inc. RLC is engaged in the development and operation of shopping malls and hotels, and the development of mixed-use properties, office and residential buildings, as well as land and residential housing developments, including socialized housing projects located in key cities and other urban areas nationwide. RLC's operations are divided into five business divisions such as the commercial centers, residential, office buildings, hotels and resorts, and industrial and integrated developments.As of December 31, 2019, the Company's portfolio includes 52 shopping malls, 116 completed residential condominium buildings/towers/housing projects; 23 office buildings, and 20 hotel and resort properties. The hotels are under three brand segments, namely "Crowne Plaza Manila Galleria" and "Holiday Inn Manila Galleria", both managed by the Intercontinental Hotels Group; "Summit Ridge Tagaytay", "Summit Circle Cebu", "Summit Hotel Magnolia", "Summit Greenhills", "Summit Galleria Cebu" and "Summit Hotel Tacloban", which are under the "Summit" brand, and "Dusit Thani Mactan Cebu Resort", which is managed by Dusit Thani Company Limited; and a network of 11 "Go Hotels".RLC's subsidiaries are Robinson's Inn, Inc.; Robinsons Realty and Management Corporation; Robinsons Properties Marketing and Management Corporation; Robinsons (Cayman) Limited; Altus Angeles, Inc.; Altus Mall Ventures, Inc.; GoHotels Davao, Inc.; RLC Resources, Ltd.; Bonifacio Property Ventures, Inc.; Bacoor R and F Land Corporation; and RLGB Land Corporation.Source: SEC Form 17-A (2019)

Megaworld Corporation (MEG) was incorporated on August 24, 1989 to engage in real estate development, leasing and marketing. In 1996, the Company shifted its focus to providing office buildings to support BPO businesses when it began development of the Eastwood City township. On August 19, 1999, MEG changed its corporate name to the present one to coincide with its conversion from a purely real estate company into a holding company, although the Company continues to focus on its core competence in real estate development.MEG's real estate portfolio includes residential condominium units, subdivision lots and townhouses as well as office projects and retail spaces. The Company has three primary business segments: real estate sales of residential developments; leasing of office space, primarily to BPO enterprises, and retail space; and management of hotel operations. Since its incorporation, the Company and its affiliates have launched approximately 722 residential buildings, 70 office towers, 24 lifestyle malls, and 11 hotel brands including condotels.The Company's subsidiaries and associates include Richmonde Hotel Group International Limited; Eastwood Cyber One Corporation; Suntrust Properties, Inc.; Empire East Land Holdings, Inc.; Global-Estate Resorts, Inc.; and Bonifacio West Development Corporation, among others.Source: SEC Form 17-A (2019)

MREIT, Inc. (MREIT) was registered with the Securities and Exchange Commission (SEC) on October 2, 2020 originally as Megaworld Holdings, Inc. primarily to engage in investment activities as an investment holding company. On April 7, 2021, the SEC approved the change in name to the present one as well as the change in primary purpose to that of a real estate investment trust. MREIT's principal investment strategy is to invest in income-generating real estate. To meet the investment criteria, a potential new property should be located in a prime location in either Metro Manila or key provinces in the Philippines; be primarily (but not exclusively) focused on Grade A office and retail properties; and have stable occupancy, tenancy, and income operations. The Company's sponsor is Megaworld Corporation. MREIT's property portfolio currently consists of 10 office, hotel, retail and other properties located in central business districts in Taguig City and Quezon City as well as in Iloilo City. All of the properties are owned by the Company and stand on land leased from the sponsor for an aggregate period of 50 years. Source: Prospectus (2021)

8990 Holdings, Inc. (HOUSE), formerly IP Converge Data Center, Inc., was incorporated as an information technology and telecommunications services provider on July 08, 2005. On October 1, 2013, the Securities and Exchange Commission approved the change in corporate name to the present one and the change in primary purpose to that of a holding company. Having disposed of its information technology and telecommunications business in 2012 and following its corporate reorganization, the Company is operating, through its subsidiaries, as a low-cost mass housing developer. In addition to horizontal mass housing subdivision projects, the Company also develops medium-rise building (MRB) condominium projects. The Company began development of its first MRB mass housing project in Cebu in 2008 and has now expanded in Muntinlupa and in Tondo, Manila. HOUSE has also started building its high rise building projects called Urban Deca Towers in EDSA Shaw and plans to expand in other areas of Metro Manila.The Company has six wholly-owned subsidiaries namely, 8990 Housing Development Corporation; 8990 Luzon Housing Development Corporation; 8990 Mindanao Housing Development Corporation; 8990 Davao Housing Development Corporation; 8990 Leisure and Resorts Corporation; and Fog Horn, Inc.Source: SEC Form 17-A (2019)

DoubleDragon Properties Corp. (DD), formerly Injap Land Corporation, was established on December 9, 2009 to primarily engage in the business of real estate development and other real estate-related business ventures. The Company started commercial operations in November 2010. DD was originally 100%-owned by Injap Investments, Inc. (IJI), a holding company owned by the Sia family. In June 2012, DD became a joint venture between IJI and Honeystar Holdings Corporation, the holding company of the Tan and Ang families. The Securities and Exchange Commission approved the Company's change in name to its present one on August 1, 2012.DD and its subsidiaries own, lease, and enter into joint venture agreements covering several tracts of land for community malls, office, residential and other types of developments. As of December 31, 2019, DD has 11 subsidiaries including DoubleDragon Sales Corp.; DoubleDragon Property Management Corp.; DD Happyhomes Residential Centers, Inc.; DD-Meridian Park Development Corp.; CityMall Commercial Centers Inc.; Piccadilly Circus Landing, Inc.; Iloilo-Guimaras Ferry Terminal Corp.; CentralHub Industrial Centers Inc.; Hotel of Asia, Inc.; DD Meridian Tower Corp.; and Green Coast Development PH Corp.The Company's core projects include CityMall, DD Meridian Park, Jollibee Tower, The SkySuites Tower, Dragon8 Mall, and W.H. Taft Residences. DD also has several projects in Iloilo, namely, Injap Tower, The Uptown Place, People’s Condominium, FirstHomes Subdivision, and HappyHomes – Mandurriao.Source: SEC Form 17-A (2019)

Figaro Coffee Group Inc. (FCG) was incorporated on July 6, 2018 as a wholly-owned subsidiary of Carmetheus Holdings, Inc. primarily to process, manufacture, package all kinds of food products, and establish, invest, develop, operate and maintain restaurants, coffee shops and refreshments parlors, among others. FCG has one subsidiary, Figaro Coffee Systems, Inc. (FCSI), through which it operates and/or franchises a network of retail restaurants. These include Figaro Coffee, a coffee shop with domestic and international branches; Angel's Pizza, a pizza store chain; Tien Ma's, a Taiwanese cuisine restaurant; The Figaro Group (TFG) Express outlet, a multi-brand kiosk selling the top products of FCSI's other restaurants; and Café Portofino, an outlet which primarily serves beverages and bakery items and is intended to operate in schools, universities, hospitals and offices. As of November 10, 2021, FCSI operates 55 Figaro coffee shops, 35 Angel's Pizza outlets, five Tien Ma's restaurants, three TFG Express outlets, and one Café Portofino outlet. Source: Prospectus (2021)