Philippine SEC Plans Revised REIT Rules with Broader Assets and Longer Timelines

The Philippine SEC REIT rules are set for revision by the fourth quarter, after an exposure draft circulates as early as Q3. Chairperson Francisco Ed. Lim said the regulator is reviewing eligible asset classes, extending the current one-year reinvestment period, and simplifying registration procedures to widen participation. Present rules limit reinvestment to real estate or infrastructure within a year, but the SEC is considering broader uses and longer timelines. Market players welcomed the proposals, saying they could drive more REIT IPOs and follow-on offerings, though analysts warned that delays in reinvestment might curb dividend growth in the near term.