Robinsons Land sees H1 gains across segments
Robinsons Land Corp. (RLC) saw earnings in the first half of this year rise 5 percent to P6.88 billion. This was on gains across all its businesses.
The Gokongwei-led developer on Friday said its revenues climbed by 8 percent to P23.03 billion.
“RLC’s solid results in the first half of 2025 reflect the strength of our diversified portfolio and our commitment to disciplined execution,” RLC president and CEO Mybelle Aragon-GoBio said in a statement.
Broken down, revenues of Robinsons Malls reached P9.49 billion, up 9 percent as overall occupancy improved to 94 percent.
Total leasable space was at 1.7 million square meters.
Meanwhile, RLC Offices posted a 5-percent uptick in revenues to P4.11 billion due to rental escalations in its premium portfolio. Occupancy averaged 87 percent in the January to June period.
Hospitality rises
The hospitality segment under Robinsons Hotels and Resorts (RHR) logged P3.1 billion in revenues. This means an increase of 9 percent on the back of strong performance across all its brands.
RHR currently has 27 hotels in its portfolio, spanning over 4,000 room keys.
In May, it opened the 223-room NUSTAR Hotel, the first ultra-luxury hotel in the country, in Cebu City.
RLC Residences’ net sales takeup tumbled by 41 percent to P3.2 billion during the period. This reflected the still-weak residential market in Metro Manila.
The developer earlier said it would focus on “premiumizing” its brands in the next five years. It has set aside P125 billion for capital expenditures in the pipeline.
The plan includes a facelift for its older office buildings, expansion of RLC’s portfolio of upscale condominiums and launch of luxury and ultra-luxury hotels.
The shift comes as it works to shrink its P49-billion unsold residential inventory. Of the total, P5.3 billion worth of units are ready for occupancy as of May.
RLC also plans to spend P100 million until 2026 to improve their office buildings and attract more third-party logistics firms, Fortune 500 companies and bigger business process outsourcing players.
