VISTA Land & Lifescapes Inc. netted P9.1 billion in the first nine months of the year, up 10 percent from last year’s P8.27 billion.
The Villar-controlled realtor said topline hit P29.1 billion, up 7 percent from last year’s P27.2 billion.
“Real estate revenue accounted for P13.6 billion, a 12 percent increase, while rental income reached P12.4 billion,” the company said in a statement.
Vista Land said it launched P32.6 billion worth of new projects nationwide for the period.
Manuel Villar Jr., Vista Land chairman, said reservation sales hit P58.4 billion.
“Our performance so far reflects our commitment to our set strategy of asset maximization and optimization as we capitalized on the strong demand from residential projects specifically outside Metro Manila where we have the widest coverage. We are now reaping the fruits of our various Vista Estate projects across the country. We remain optimistic with the industry especially in the provincial areas where demand continue to rise,” Villar said.
Paolo Villar, Vista Land president, said the company has seen steady growth in its commercial portfolio which includes 42 malls, 59 commercial centers and 7 office buildings as foot traffic returns to pre pandemic levels. Vista Land closed the period with total assets of P376.8 billion, with shareholders equity at P138.8 billion.
