DDMP REIT

What DDMP REIT does

DDMP REIT, Inc. (formerly DD Meridian Park Development Corporation; PSE: DDMPR) is a Philippine Real Estate Investment Trust incorporated in 2014 and listed on the Philippine Stock Exchange on March 23, 2021. The company owns and operates three Grade A commercial office properties at DD Meridian Park in the Bay Area of Metro Manila: DoubleDragon Plaza (four 11-storey towers, ~139,240 sqm GLA), DoubleDragon Center East (~16,197 sqm GLA), and DoubleDragon Center West (~16,815 sqm GLA), for a combined 172,252 sqm of freehold GLA appraised at PHP 40.5 billion. DoubleDragon Plaza carries LEED Gold certification while the East and West centers are pre-certified LEED Silver. The company is sponsored by DoubleDragon Properties Corp. (46.67% ownership), with additional concentrated stakes held by Benedicto V. Yujuico (10.16%) and Teresita M. Yujuico (9.84%).

Name

DDMP REIT

Legal name

DDMP REIT, INC.

Website

https://ddmpreit.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Pasay City

HQ country

Philippines

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Others

Revenue model

1. Commercial Office Rental Income: Primary revenue stream from leasing office spaces in three commercial buildings: DoubleDragon Plaza (139,240 sqm GLA), DoubleDragon Center East (16,197 sqm GLA), and DoubleDragon Center West (16,815 sqm GLA). Tenants include BPO companies, POGO operators, financial institutions, and retail establishments.
2. Retail Space Rental Income: Ground floor retail areas totaling approximately 13,576 sqm across all properties dedicated to food concepts, banks, financial services, and basic services including a supermarket and themed food hall.
3. Parking Revenue: Revenue from parking spaces across the properties: 1,946 spaces at DoubleDragon Plaza and approximately 136 combined spaces at East and West centers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

DDMP REIT owns and operates three commercial office towers (DoubleDragon Plaza, DoubleDragon Center East, and DoubleDragon Center West) totaling approximately 172,252 sq.m. of Gross Leasable Area at DD Meridian Park in Metro Manila's Bay Area. The company leases office space to BPOs, corporate tenants, and POGOs, and rents ground-floor retail areas to banks, food concepts, and service providers, distributing at least 90% of annual Distributable Income as dividends to shareholders.

Product overview

DDMP REIT operates as a Real Estate Investment Trust with a focused portfolio of three commercial office towers at DD Meridian Park in Metro Manila's Bay Area. The core portfolio consists of DoubleDragon Plaza (four 11-storey towers with BPO offices and retail), DoubleDragon Center East, and DoubleDragon Center West. These Grade A commercial properties offer approximately 172,252 sq.m. of combined Gross Leasable Area. The company owns both the buildings and underlying freehold land. Pipeline assets include DoubleDragon Tower and Ascott-DD Meridian Park for future injection.

Differentiator

Problem solved

Functional benefit

Products and services

• DoubleDragon Plaza
• DoubleDragon Center East
• DoubleDragon Center West

Quantifiable outcome

• 100% occupancy rate at DoubleDragon Plaza
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• COL Financial Group, Inc.coreChannel Partner/ Reseller/ Distributor · 10 March 2021Default broker partner for DDMP REIT IPO subscription through PSE EASy platform. Investors can nominate COL Financial as their PSE Trading Participant for share trading.
• First Metro Securities Brokerage Corp.coreChannel Partner/ Reseller/ Distributor · 10 March 2021Default broker partner for DDMP REIT IPO and ongoing share trading through PSE EASy platform. Provides online trading account opening and transaction services.
• BA Securities, Inc.minorChannel Partner/ Reseller/ Distributor · 10 March 2021Default broker partner for DDMP REIT IPO through PSE EASy platform with settlement contact details provided for investor inquiries.
• AB Capital Securities, Inc.minorChannel Partner/ Reseller/ Distributor · 10 March 2021Default broker partner for DDMP REIT IPO through PSE EASy platform offering online account opening services.
• DoubleDragon Properties CorpcoreStrategic or Co-development PartnerSponsor company that owns 46.67% of DDMP REIT. DD Meridian Park development corporation was established by DoubleDragon Properties Corp. The sponsor has demonstrated strong real estate management capabilities with recurring revenue growth of approximately 653x from 2014 to 2019 and leasable area growth of approximately 67x during the same period.
• DD Tower IncminorOthersJoint venture entity (70% owned by sponsor, 30% by Spouses Yujuico) that leases DoubleDragon Tower from DDMP REIT. This is a potential expansion project to be added to the REIT portfolio once cashflows stabilize.
• DDMP Serviced ResidencesminorOthersJoint venture entity (70% owned by sponsor, 30% by Spouses Yujuico) that leases Ascott-DD Meridian Park from DDMP REIT. This is a potential expansion project to be added to the REIT portfolio once cashflows stabilize.

Scale indicators7 records

Recent moves7 records

Broad incumbents

• Megaworld Corporation: Parent/sponsor of MREIT and one of the largest Philippine real estate developers; competes in the same Metro Manila office market and is the source of MREIT's pipeline assets, parallel to DDMP's relationship with DoubleDragon.
• DoubleDragon Properties Corp: DDMP REIT's sponsor and 46.67% controlling shareholder; develops mixed-use and industrial real estate across the Philippines and is the source of DDMP's pipeline assets (DoubleDragon Tower, Ascott-DD Meridian Park).
• Ayala Land, Inc. Sponsor of AREIT and the largest Philippine real estate developer; relevant comparable given its role as both a commercial property operator and a source of REIT pipeline assets.
• Robinsons Land Corporation: Diversified Philippine developer with significant office and retail footprint in Metro Manila; competes for the same BPO, retail, and banking tenants.
• SM Prime Holdings, Inc. Largest Philippine commercial real estate operator by gross floor area, focused on mall-retail plus office; competes for similar retail tenants in high-traffic Metro Manila locations.

Direct peers

• Mapletree Pan Asia Commercial Trust: Singapore-listed commercial REIT with diversified Grade A office and retail across Asia; close business-model proxy to DDMP REIT for cross-border REIT yield and growth benchmarking.
• Filinvest REIT Corp: Philippine REIT focused on office and retail assets under the Filinvest group; operates with a similar REIT structure, mandatory distribution policy, and Metro Manila-centric portfolio.
• CapitaLand Integrated Commercial Trust: Singapore-listed REIT focused on Grade A office and retail in Singapore and overseas; similar subscription-recurring rental model and built-in escalation structure to DDMP REIT.
• AREIT, Inc. Philippine REIT sponsored by AyalaLand; invests in commercial office, retail, and industrial assets across Metro Manila, directly comparable to DDMP REIT's office-led strategy and distribution structure.
• MREIT, Inc. Megaworld-backed Philippine REIT also primarily focused on Grade A office assets leased largely to BPO tenants, sharing DDMP's tenant mix and Bay Area-adjacent geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ddmp-reit-inc.

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DDMP REIT