The IPO blockbuster maker listed his DDMP REIT Inc. for the first time on Wednesday, but failed to hold onto to gains that reached as high as 6.7% while trading. The market closed with DDMP REIT shares steady as offered at P2.25 each. For Anna Corenne Agravio, property stocks analyst at Manila-based brokerage Regina Capital, DDMP REIT only reflected the downbeat mood in the main index throughout the day. These assets, in turn, generate revenues, 90% of which should be declared as dividends to REIT investors. “It is possible that DDMPR could dip below its IPO price again this week, but we don’t expect this to last in the near-term since the stock itself is in a good position fundamentally,” she said.

Source: Philippine Star March 24, 2021 06:56 UTC