AREIT's prospectus nonetheless indicates a higher dividend payout ratio this year than the prescribed minimum. The Company's portfolio consists of three Grade A properties in Makati City, namely Ayala North Exchange, Solaris One and McKinley Exchange. These properties cover a total gross leasable area of about 153 thousand square meters (sqm) and have a total occupancy rate of 99.9 percent. AREIT is on track to acquire Teleperformance Cebu, a Grade A BPO office property in Cebu IT Park from ALO Prime Realty, a wholly-owned subsidiary of Ayala Land. This brings AREIT's portfolio to more than 170,000 sqm by the end of the year. "Beyond the purchase of the Cebu property, we are focused on growing AREIT's portfolio with yield accretive acquisitions for our shareholders," added Mills.