MANILA -- GT Capital said it is open to launching its own real estate investment trust (REIT). 

The company told the Philippine Stock Exchange that it may do so once its real estate developer Federal Land is able to ramp up recurring income. 

GT Capital added, however, that there is no plan yet to list Federal Land as its own REIT firm. 

Some of the REITs in the Philippines are Ayala Land REIT (AREIT), DoubleDragon Properties REIT (DDMPR), Filinvest REIT (FILRT), Robinsons Land Commercial REIT (RCR), Megaworld REIT (MREIT), Citicore Energy REIT (CREIT), Vista Land REIT (VREIT), and Premiere Island Power REIT (PREIT).

A REIT is a stock corporation established principally for the purpose of owning income-generating real estate assets such as apartment buildings, office buildings, medical facilities, hospitals, hotels, resorts, highways, warehouses, shopping centers, railroads, among others. 

It gives investment returns derived from rental income of the underlying real estate asset.

Federal Land is the developer behind residential condominiums like Central Park West, Park West, and Grand Hyatt Manila Residences in Bonifacio Global City. 

Federal Land also partnered with Nomura Real Estate Development and Isetan Mitsukoshi Holdings Ltd. to bring Japanese mal chai  Mistukoshi to the Philippines. 

More Japanese products to arrive at Mitsukoshi BGC