Manila, Philippines (23 June 2026) - RL Commercial REIT, Inc. (RCR), the Philippines' largest REIT in terms of geographical reach, announced its proposed fifth asset infusion, following the approval by the respective Boards of Directors of RCR and its sponsor, Robinsons Land Corporation (RLC), The transaction is expected to expand RCR's gross leasable area (GLA) to three times its initial public offering (IPO) level, enhancing the scale of its portfolio and advancing its long-term growth trajectory.

THE DEAL

RCR will acquire ownership of six (6) lifestyle malls from its sponsor, RLC, through a property-for-share swap. The transaction is valued at approximately P10.62 billion, in exchange for about 1.29 billion RCR shares at a transaction price of P8.25 per share, representing around 18% premium to the 30-day volume weighted average price (VWAP) as of 22 June 2026. The Property Valuation Reports were prepared by Leechiu Property Consultants, Inc. and the Fairness Opinion Report was issued by FTI Consulting Philippines, Inc. The transaction remains subject to regulatory approvals.

THE PROPERTIES

The acquired properties, selected based on RCR's investment criteria, include Robinsons Dumaguete, Robinsons Tagaytay, Robinsons lligan, Robinsons Galleria South, Robinsons La Union, and Robinsons Naga. The six (6) malls have an aggregate GLA of over 160,000 sqm and a blended occupancy rate of 96% as of 31 March 2026. The properties are strategically located across key cities in Luzon, Visayas, and Mindanao.

CONTINUED GROWTH AND PROJECTED INCREASE IN MARKET CAPITALIZATION

RCR's portfolio currently comprises 38 assets (21 malls and 17 offices). Post-infusion, it will expand to 44 assets (27 malls and 17 offices), increasing the mall segment to approximately 61% of the total assets, in line with RCR's diversification strategy and resulting in a more balanced portfolio and earnings base. RCR's geographical reach will be further widened, with its presence increasing from 25 to 30 key locations nationwide. In addition, RCR's GLA will increase from 1.15 million sqm to 1.31 million sqm.

RCR is well positioned to sustain continued growth, backed by its sponsor, RLC, with a pipeline of more than 1.7 million GLA of combined malls, offices, and logistics space, as well as approximately 4,000 hotel room keys for potential future infusions. RCR also remains open to acquiring third-party assets as part of its long-term growth strategy.

RCR's market capitalization is valued at f->137.82 billion, based on the closing share price of P7.05 as of 22 June 2026. Post-infusion, assuming the same share price and an expanded shareholding of 20.84 billion outstanding shares, RCR's market capitalization is projected to reach approximately P146.90 billion, more than twice its market capitalization at listing nearly five years ago.