PLDT Files Application for Philippines' First Data Center REIT IPO Worth P24.2B

According to Rappler, on June 22, PLDT Inc. (TEL) filed an application with the Securities and Exchange Commission (SEC) and Philippine Stock Exchange (PSE) to establish VITRO REIT Inc., the country's first digital infrastructure Real Estate Investment Trust. The IPO aims to raise up to P24.2 billion (US$399 million) through an offering of up to 1.913 billion secondary common shares priced at up to P11 per share.

VITRO, PLDT's data center subsidiary established in 2000, operates eight income-generating facilities nationwide with an aggregate IT-ready capacity of approximately 24 megawatts, serving hyperscale and enterprise customers. The offering was made possible following SEC Memorandum Circular No. 1, Series of 2026, which expanded the definition of eligible REIT assets to include data centers and critical ICT infrastructure. The target IPO launch is expected in the fourth quarter of 2026.