RL Commercial REIT (RCR) investor relations material

Executive summary

• Net income for the six months ended June 30, 2026 rose 44% year-over-year to P4.81 billion, driven by the infusion of nine malls in Q3 2025 and stable occupancy rates across the portfolio.

• Total revenues increased 51% year-over-year to P6.87 billion, with rental income up 49% and income from dues up 56%.

• The company executed a property-for-share swap in June 2026, acquiring six mall assets valued at P10.62 billion in exchange for 1.29 billion shares.

Financial highlights

• Rental income for H1 2026 reached P5.49 billion, up from P3.69 billion in H1 2025.

• Direct operating costs rose 78% to P1.41 billion, and general and administrative expenses increased 57% to P601 million, reflecting the expanded asset base.

• Cash and cash equivalents as of June 30, 2026 stood at P5.78 billion, up 39% from year-end 2025.

• Total assets reached P170.37 billion, with equity at P162.64 billion and no outstanding debt.

• Dividends declared for H1 2026 totaled P0.2232 per share.

Outlook and guidance

• Management sees no foreseeable trends or events that may materially impact liquidity or operations in the short or long term.

• No material capital commitments outside ordinary business are anticipated.