Stock market commentary: AREIT finally declares its Q1/22 dividend

AREIT [AREIT 38.10 0.26%] declared a cash dividend of P0.48/share on Friday, payable on June 17 to shareholders of record on June 2.

The dividend amount is 2.1% higher than AREIT’s Q4/21 dividend and 14.3% higher than AREIT’s Q1/21 dividend from a year ago.

AREIT’s annualized yield is now 5.04%, down from 4.93%, based on Friday’s closing price of P38.10/share. AREIT’s 12-month yield (based on the last four quarters of dividends) is 4.80%, and its IPO yield (based on its IPO price and an annualized Q1/ 22) is the highest of all REITs on the PSE at 7.11. %.


AREIT was the latest in the PSE REIT sector to declare its first quarter dividend.

Yes, even DDMP [DDMPR 1.61 3.21%] beat the Ayalas to the fist! To AREIT’s credit, however, while DDMPR declared four days ahead of AREIT, AREIT will end up paying its first quarter dividend on June 17, nearly two weeks ahead of DDMPR, when it is expected to be paid on June 30.

The timing of quarterly payments doesn’t bother me much, but in the world of dividends, time is always money, and any delay (no matter how reasonable) can be a concern for some.

Zooming out a bit, it’s nice to see AREIT rounding out the six-for-six of REITs reporting higher first-quarter dividends than the prior quarter.

Of course, the growth we’re talking about here is pretty marginal, and for most REIT holders, the small dividend growth still doesn’t make up for the sharp declines in REIT stock prices over the past couple of months, but the growth is growth and it’s a good sign to see business owners posting gains of any kind given what the market has been through.

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Merkado Barkada’s opinions are provided for informational purposes only and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor should do their own due diligence before trading, as the facts and figures in each particular article may have changed.

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