Rockwell Land first quarter earnings up 67percent
Rockwell Land
MANILA, Philippines — Rockwell Land Corp. saw its first-quarter earnings surge, driven by stronger demand for upscale residential property and higher contributions from its expanding commercial portfolio.
The Lopez-led property developer said on Monday that its net income attributable to the parent company had jumped by 67 percent to P1.29 billion in the January-to-March period from P773 million a year ago.
“While the real estate industry shows signs of resilience in spite of the times, steady demand for premium, integrated communities continues to support company growth,” Rockwell said. “Backed by this strong start to 2026, Rockwell remains focused on strengthening its developments across key cities and emerging growth areas nationwide.”
Consolidated net income likewise climbed by 52 percent to P1.43 billion from P943 million previously.
The company’s consolidated revenues grew by 45 percent to P6.46 billion.
Rockwell said residential development remained the main growth driver, accounting for 75 percent of total revenues. Commercial development contributed the remaining 25 percent, excluding joint venture shares.
Residential development revenues reached P4.85 billion, supported by real estate sales and construction accomplishments from projects, such as Edades West and Cabo San Diego.
Meanwhile, commercial revenues rose by 55 percent to P1.6 billion, driven mainly by the start of revenue recognition from the Alabang Commercial Center.
Retail operations alone generated P1.14 billion in revenues, marking a 74-percent increase from the previous year due to higher occupancy levels, better average rental rates and the integration of the Alabang assets.
The company’s earnings before interest, taxes, depreciation, and amortization (Ebitda) climbed by 42 percent to P2.72 billion.
Residential and commercial segments accounted for 60 percent and 40 percent of total Ebitda, respectively. /atm
Source:
https://business.inquirer.net/591123/rockwell-land-first-quarter-earnings-up-67
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