GT Capital [GTCAP 568.00, up 0.7%; 1419% avgVol] [link] confirmed a news report quoting the company’s Senior VP as saying, “Just like any conglomerate, we want to diversify and REITs are one vehicle toward that end. Sure if conditions are right, then we are able to develop more on the rental side, then we will definitely consider that.” In its clarification letter to the PSE, GTCAP said that it is “open to the possibility of launching and listing its own [REIT] in the future if the right conditions are present and if FLI can ramp up recurring income.” GTCAP then said that it has no plan to “launch and list FLI as a REIT”. Filinvest Land [FLI 0.68, down 1.4%; 2137% avgVol] is a property development subsidiary of GTCAP.