Headlines Property

Vista Land books P9B profit in January-September

Vista Land and Lifescapes Inc., the property holding company of the family of bilyonaryo Manny Villar, reported a 12% jump in its nine-month net income to ₱9.06 billion, driven by the sustained growth of its residential development business alongside a growing leasing portfolio.

Vista Land and Lifescapes Inc., the property holding company of the family of bilyonaryo Manny Villar, reported a 12% jump in its nine-month net income to ₱9.06 billion, driven by the sustained growth of its residential development business alongside a growing leasing portfolio.

Revenues went up 7% to P26.2 billion, largely due to the increase in the overall completion rate of sold inventories of all its business units.

Rental income increased by 9% to ₱5,197 billion owing to the additional gross floor area leased out of the company’s investment properties as well as increase in rental rates of its existing malls.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.