The Philippine Stock Exchange granted approval to property developer and diversified A Brown Company Inc. for its planned P1.5-billion preferred shares offer. Following the approval, ABCI is authorized to offer 10 million preferred shares, comprising Series B and C, each priced at P100 per share. An oversubscription option for an additional 5 million preferred shares
The SPAC listing will enable DoubleDragon’s hotel subsidiary to not only increase its Equity capital base but will also make Hotel101 become more relevant overseas and the step would at the same time further strengthen DoubleDragon’s consolidated balance sheet. Hotel101 is poised to become the most tech-advanced hotel company given its mid-end market typical rooms
Key highlights: Strong growth performance across all business units in the 1Q 2023; Net income attributable to parent surpasses 1Q 2019 levels EPS climbs by 95%YoY to Php0.53/sh; Net Book Value at Php26.36 per share, the highest in the Company’s history Net gearing ratio remains muted at 0.34:1 RLC Board declares cash dividends of Php0.52
Filinvest REIT Corp. (FILRT), the flagship commercial REIT of the Filinvest group, recently held its virtual Annual Stockholders Meeting where the company shared highlights of its 2022 performance, including updates on its office leasing business FILRT recorded a net income of ₱1.31 billion in 2022 that was achieved on the back of rental and other
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
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
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
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
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
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
