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MANILA, Philippines — Several groups have condemned the conviction of Rep. France Castro (ACT-Teachers), former party-list lawmaker Satur Ocampo (Bayan Muna) and 11 others by a Tagum City court in a child abuse case.
MANILA, Philippines — The Magnolia Hotshots have shored up its frontline after acquiring energetic big man Zavier Lucero in a trade, the PBA announced on Monday.
MANILA, Philippines — Actor John Estrada turned off his Instagram's comments section after his wife Priscilla Meirelles commented who he allegedly was with in Boracay.
NAGA CITY – The Department of Science and Technology (DOST) has equipped nine agrarian reform beneficiaries’ organizations (ARBOs) in Camarines Sur with portable solar drying equipment valued at P328,500 to help enhance the farmers' drying processes and preserve the quality of their rice and other agricultural products.
AREIT [AREIT 37.10 ?1.5%; 117% avgVol] [link] declared a Q2/24 dividend of P0.56, payable on August 11 to shareholders of record as of July 26. The dividend has an annualized yield of 6.04% based on the previous closing price, which is 0% smaller than AREIT's pre-dividend annualized yield of 6.04%. The total amount of the dividend is P1,326 million, but the company did not provide the applicable distribution income for the period. Relative to AREIT's IPO price, the dividend increased AREIT's total stock and dividend return to 68.3%, up from its pre-dividend total return of 66.22%. AREIT is up 11% YTD. The Q2/24 dividend matches AREIT’s record dividend that it declared in the first quarter of 2024, and is 5.6% larger than the dividend that it declared in the same quarter last year.MB BOTTOM-LINE: The king continues its reign as the top REIT in the land. Yes, AREIT is the most expensive REIT on the market in terms of its price-to-distributable income multiple (15x), but there’s a reason why investors are willing to pay more for this REIT’s income stream, and that boils down to stable growth. AREIT grows its dividend over time, and that causes the stock’s price to rise over time to compensate. Market observers will note that this stock price increase is not a straight line, and not without its significant dumps: remember back in November when AREIT crashed down into the ?28/share range when Ayala Land [ALI 29.60 ?0.3%; 77% avgVol] was conducting block sales to facilitate growth? I took that as an opportunity to sell underperforming assets and load up. Was I right to do that? Absolutely, if you measure the trade by today’s price. But the long-term value of my bet will depend on the AREIT management team. Will they continue to outperform the market and deliver stable growth? Is the inflation monster dead or just sleeping?
MANILA, Philippines — A court in Davao del Norte has found Rep. France Castro (ACT Teachers party-list) and former Rep. Satur Ocampo (Bayan Muna party-list) guilty of endangering minors in 2018, sentencing them to up to six years in prison.
LONDON – Carlos Alcaraz overpowered seven-time champion Novak Djokovic in straight sets to retain his Wimbledon title on Sunday (Monday Manila time) in a brutal statement that the new era of men's tennis has arrived.
MANILA, Philippines — Oil firms are set to implement a rollback in pump prices on Tuesday, July 16, ending four-consecutive weeks of oil price hikes.