Vista Land’s earnings increases 11% for 9M16; Rental income up 67% to P3.1 billion
November 14, 2016

Vista Land & Lifescapes, Inc., one of the country’s leading integrated developers, posted an 11% net income growth for the nine months of 2016 to P6.4 billion from P5.8 billion in the same period last year. Rental income for the nine months of the year registered a 67% increase to P3.1 billion from P1.9 billion in the comparable period, resulting from the increase in the leasable space of the Company during the year. Consolidated revenues ended the period at P24.0 billion, up by 8% from previous year’s P22.3 billion.
“We remain bullish with the expansion plans of our newly acquired subsidiary Starmalls, Inc. which currently now has 17 commercial assets in its portfolio and that is on top of what we had prior to the acquisition,”  Vista Land Chairman Manuel B. Villar, Jr. said.  “Our strategies in both the commercial and residential side of our business are anchored on sound Philippine macroeconomic fundamentals, a resilient real estate industry, the favorable market environment and the sustained growth in disposable income and OF remittances,” he added.

The Company launched P17 billion worth of projects during the period, mostly in the low and affordable segment outside the Mega Manila area. To date, the Company is present in 97 cities and municipalities around the Philippines and is looking to open in at least 3 more new areas, growing its geographic presence to a hundred areas across the country. The Company is also planning to build its first condominium project in the island of Boracay which will be called Costa Vista Boracay.

The Company’s total consolidated assets as of 30 September 2016 amounted to P172.8 billion.

“Our Company is poised to have another banner year for 2016 as our additional leasable spaces are now contributing significantly to our current financial results and will continue  for the rest of the year and moving forward,” Vista Land President & CEO Manuel Paolo Villar said.  “We also remain prudent with our financial management as we undertook a liability management exercise during the period to replace some of our existing dollar liability with a 7-year peso denominated bilateral loan at a 5% interest rate,” he explained.
As of end September 30, 2016, Vista Land spent P22.7 billion of its capital expenditure budget of P30.9 billion. The majority of the expenditures were made in constructing commercial assets as well as housing units sold to buyers.   

Vista Land has also announced that it will focus on the development of Communicities, integrated urban developments combining lifestyle retail, prime office space, schools, healthcare, themed residential developments and leisure components.

New Vista Land delivers another banner year for 2015; completes acquisition of Starmalls
March 17, 2016
Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers, released its full year 2015 results, posting a net income growth of 14% to P7.2 billion, including Starmalls’ net income for the year, which became a subsidiar

Vista Land’s H1 net profit up 10% to P3.1B
August 13, 2015
VILLAR-led property developer Vista Land & Lifescapes Inc. (VLL) grew first-semester net profit by 10 percent year-on-year to P3.1 billion as its residential development business continued to expand at a double-digit pace.

Vista Land H1 profit up 10% to P3.1B
August 13, 2015
Vista Land & Lifescapes, Inc., the country’s largest homebuilder, reported a 10 percent hike in net income to P3.1 billion for the first semester of 2015 on strong demand for housing.

Vista Land to buy back USD450M Notes
June 03, 2015
Vista Land & Lifescapes Inc., the country’s largest homebuilder, is making a tender offer for US0 million worth of guaranteed notes due in 2018 and 2019.

Vista Land eyes early debt buyback
June 02, 2015
A UNIT of Vista Land & Lifescapes, Inc. seeks to buy back debt worth a combined 0 million ahead of maturity, the listed homebuilder told the Philippine Stock Exchange yesterday.

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