PLDT seeks VITRO REIT listing to fund data center expansion

The proposed data center REIT IPO could raise up to ₱24.2 billion as PLDT ramps up investments in digital infrastructure and AI-ready facilities.

PLDT has applied to list its subsidiary VITRO Inc. as a real estate investment trust (REIT) on the Philippine Stock Exchange, with the company submitting its application to the Securities and Exchange Commission on June 22 as part of the process. The move marks a key development in the telco’s plans for AI and data center expansion.

VITRO, a wholly-owned subsidiary of the telco’s digital solutions arm ePLDT, is also changing its name to VITRO REIT in line with regulations.

VITRO is eyeing an initial public offering of up to 1,913,043,500 secondary common shares, with an over-allotment option of up to 286,956,500 shares, representing roughly 48.95% of the company’s outstanding capital stock.

The shares will be offered at up to ₱11 per share, with the offering expected to raise up to ₱24.2 billion.

The offer is expected to support PLDT’s push to expand its data center footprint and AI capabilities through its lesser-known digital solutions arm.

This marks the first official IPO filing in 2026. If approved, VITRO REIT could become the first pure-play data center REIT listed on the local bourse.

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