PLDT income eases 7%; data center REIT plan under study
PLDT Inc.'s attributable net income decreased by 7.12% to P30.01 billion in 2025 due to higher expenses and flat core earnings. The company is now considering a real estate investment trust (REIT) listing for its data center business, VITRO, after abandoning plans to sell a minority stake, as potential investors sought majority control. Maya Group, jointly owned by PLDT and First Pacific Co. Ltd., reported its first full-year profit, with an IPO targeted for the second half of the year.
How this was made

The 30-second read
Why it matters
The move to establish a REIT could unlock value and attract investment, positively influencing the company's future growth prospects.
Market read
The news is relevant to investors interested in Philippine telecommunications and real estate sectors, with potential long-term implications for PLDT's valuation.
What to watch
Potential regulatory changes or macroeconomic shifts could influence the success of PLDT's strategic initiatives.
Background
PLDT's decline in net income reflects increased expenses and flat earnings, prompting strategic shifts including the consideration of a REIT for its data center business.
Ticker impact
Minimal impact due to low relevance score (1.0) and neutral sentiment.
No significant price movement expected for PHI in the short term.
PHI's relevance is minimal; the news does not contain specific information affecting PHI's valuation or operations.
Market effects
Potential positive impact on the telecommunications and data center sectors due to PLDT's REIT plans.
Limited regional impact; primarily relevant to the Philippine market.
Low; specific to Philippine companies and market dynamics.
Counterpoint
The market may have already priced in the potential for PLDT's REIT plans, leading to limited short-term impact.
Key entities
- CompanyPLDT Inc.
A major Philippine telecommunications provider.
- Data Center BusinessVITRO
PLDT's data center operations under consideration for REIT listing.
- Financial ServicesMaya Group
A joint venture between PLDT and First Pacific, reported its first full-year profit.


