December 8, 2022
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Property

Robinsons Land’s Proposed Bond Issue of up to PhP15.0 Billion Gets Highest Credit Rating

Robinsons Land Corporation (RLC), a leading real estate developer in the Philippines, received the highest Issue Credit Rating of PRS Aaa, with a Stable Outlook from Philippine Rating Services Corporation (PhilRatings) for its proposed bond issuance of up to PhP10.0 billion, with an oversubscription option of up to PhP5.0 billion. This is the first tranche […]

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Property

Proposed Change in Name of Suncity Group Holdings Limited (“SGHL”)

Suntrust Resort Holdings, Inc. (SUN) disclosed that SGHL has proposed to change its corporate name from “Suncity Group Holdings Limited” to “LET Group Holdings Limited” , with “L” standing for “Leisure”, “E” for “Entertainment”, and “T” for “Taste”. Based on the disclosure of SGHL, its Board is of the view such proposed change will better […]

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Retail

Vista REIT Net Income nets P802.7 million for Q2202; declares 1st dividend

Three and a half months from Asset Injection, VREIT nets P802.7 million; declares 1st dividend VistaREIT, Inc. (“VREIT”), the flagship mall and office REIT of integrated property developer Vista Land & Lifescapes, Inc. (VLL), recorded a net income of P802.7 million for the period ended June 30, 2022. Since the injection of the 10 community […]

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Property

Vista Land 1H2022 net income grew 11% to 4.3B; project launches now exceeds FY2021 value

Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers and the largest homebuilder posted a net income of P4.3 billion for the 1st semester of 2022, up 11% from same period last year. The company launched a total of 5 projects in the 2nd quarter valued at P11 billion. Included in […]

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Property

DDMP REIT declares ₱486.7 Millions cash dividend for 2Q 2022

Following are the highlights of the financial results of operations of DDMP REIT, INC. (DDMPR) for the six months ending June 30, 2022: The Company reports ₱1.057 Billion Net Income for the first six months ending June 30, 2022. DDMPR’s Core Net Income for 1H 2022 is 17.0% higher than the core net income booked […]

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Property

DoubleDragon Corporation: 1H 2022 Financial Highlights

1H 2022 FINANCIAL HIGHLIGHTS Consolidated Revenues +26.8% to ₱3.41 Billion Consolidated EBITDA +32.0% to ₱2.07 Billion Consolidated Core Net Income +29.0% to ₱1.20 Billion Total Equity +3.1% to ₱71.44 Billion Total Assets +3.6% to ₱146.70 Billion Expects to reach over 95% pre-pandemic lease occupancy in all its CityMalls in Luzon, Visayas and Mindanao by Q4 […]

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Property

AREIT, Inc. posted net income up 64% to P1.6B in the first half of 2022

AREIT, Inc. posted strong results in the first half of 2022 on account of stable operations and the contribution of assets acquired in 2021. Net income (excluding fair value change in investment properties and the one-time gain on finance lease) registered at P1.61 billion, 64% higher year-on-year, driven by revenues, which increased by 67% to P2.36 […]

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Property

RLC’s Historic Bond Listing

“Robinsons Land Corporation (RLC), a leading real estate developer in the Philippines, returned to the local debt capital markets with the historic listing of its Php15-billion fixed-rate bonds at the Philippine Dealing and Exchange Corp. (PDEx) on August 26, 2022. The transaction drew total bids of Php120 billion, 12 times the base offer, prompting the […]

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