Vista Land’s posts 12% growth in net income for 9-months of 2019
November 08, 2019

Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers, posted a 12% growth in net income for the first nine months of 2019 to P9.1 billion from P8.1 billion in the same period last year. Consolidated revenues increased by 9% to P34.4 billion from P31.4 billion in the comparable period a year ago. Leasing revenues for the period increased by 13% to P5.8 billion from P5.1 billion in the prior year period.

“We are well-poised to achieve another record year this 2019 as Vista Land continues to deliver solid performance both from our leasing and residential businesses,” said Vista Land Chairman Manuel B. Villar, Jr. “Our reservations sales grew 8% during the period to P61.6 billion, which is still majority Overseas Filipino and over 90% end-users. As what we have said in the past two quarters, we remain bullish for the industry, given the sustained demand for our housing products as well as our success in our leasing business propelled by the steady growth in the disposable income, Overseas Filipino remittances, sound Philippine macroeconomic fundamentals and the government’s drive to accelerate economic activities and infrastructure developments outside Metro Manila, where we have a competitive advantage given that we have the widest geographic reach around the country,” he added.

The company’s total consolidated assets as of 30 September 2019 stood at P268.0 billion compared to P238.3 billion in December of last year. Capital expenditures for the first half of the year amounted to P28.8 billion.

Manuel Paolo A. Villar, President & CEO of Vista Land stated, “We remain confident about the Company’s prospects for the rest of the year as our leasing portfolio will be growing which complements our existing core and stable end-user housing business. Revenue growth from our existing investment properties of over 1.4 million square meters continues to be strong. In terms of our residential business, we launched projects with an estimated value of P28.3 billion during the first nine months of the year, most of which were our CoHo projects and outside Metro Manila.”

Vista Land intends to focus on the development of Communicities, - integrated urban developments combining lifestyle retail, prime office space, university town, healthcare, themed residential developments and leisure components.


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