- Advertisement -
DDMP REIT Inc., the real estate investment trust (REIT) of realtor DoubleDragon Properties Corp., said profit last year reached P5.08 billion, down 23.98 percent from the prior year’s P6.69 billion.
Rental income reached P1.91 billion, up 7.61 percent from P1.78 billion the prior year.
The company said it realized a core profit of P1.32 billion, which which excludes the fair value gains.
- Advertisement -
DDMP REIT assets was at P45.35 billion, up 7.29 percent.
Equity was at P35.52 Billion, up 13.28 percent.
The company in March listed, after raising P14.71 billion by offering to the public 6.53 billion of its shares to the public, divided into a firm offer of 5.94 billion shares and another 594.25 million shares covering the greenshoe option.
Author
- Advertisement -
