Manila, Philippines – PLDT Inc. has announced that its board of directors has approved the pursuit of a potential real estate investment trust (REIT) listing that is expected to include stabilised initially, income-generating data centre assets under VITRO Inc., a subsidiary of ePLDT Inc.
According to PLDT, the proposed VITRO REIT is intended to unlock value from the group’s stabilised digital infrastructure assets, provide investors with access to the country’s digital infrastructure sector, and establish a capital recycling platform to support the continued expansion of VITRO’s data centre portfolio.
The company said it is considering the transfer of certain stabilised and income-generating digital infrastructure assets into the proposed REIT, including data centre facilities operated by VITRO. Subject to the necessary approvals, the structure may also accommodate future asset injections as additional digital infrastructure projects mature and become eligible for inclusion.
“This is an important step in our efforts to unlock value from PLDT’s digital infrastructure portfolio, while continuing to support the country’s growing demand for enterprise-grade and AI-ready data centre capacity,” said Victor S. Genuino, President of ePLDT. “VITRO has built a leading data centre platform in the Philippines, and a potential REIT listing would allow us to further strengthen this platform while creating new opportunities for investors to participate in the growth of the digital infrastructure sector.”
The move follows the issuance of Securities and Exchange Commission (SEC) Memorandum Circular No. 1, Series of 2026, which revised the implementing rules and regulations of the REIT Act of 2009. The amendments expanded the definition of income-generating real estate to include assets with recurring and predictable cash flows, such as information and communications technology (ICT) infrastructure and data centres.
VITRO currently operates a nationwide portfolio of data centres serving enterprise, hyperscale and cloud customers. The company said it continues to expand capacity through new facilities under development to meet growing demand for secure, resilient and scalable digital infrastructure.
PLDT noted that the proposed REIT listing remains subject to further corporate and regulatory approvals, market conditions, finalisation of the transaction structure, and the filing and approval of relevant applications with the SEC and the Philippine Stock Exchange.
The company added that no final terms have been determined, including the asset portfolio, offer size, valuation, timing, ownership structure or other commercial details. PLDT said it will make the appropriate disclosures as required under applicable regulations.
PLDT also disclosed that UBS AG and BPI Capital are assisting ePLDT in relation to the proposed VITRO REIT listing.
