Robinsons Land unveils 2030 plan

Property developer Robinsons Land Corp (RLC) targets a net income of P25 billion by 2030 through aggressive expansion of its malls, offices and hotels, the company said in a statement.

Under its "Vision 5-25-50" strategy, RLC aims to reach the P25 billion net income target by increasing the gross leasable area (GLA) of its malls and office space by 50 percent each, boosting hotel room keys by 25 percent, and doubling its logistics capacity by 2030. The company expects these initiatives to drive higher recurring revenues.

RLC also intends to continuously inject new assets into its real estate investment trust firm, RL Commercial REIT Inc., and enhance its product offerings to cater to the premium market.

Additionally, RLC plans to pursue strategic partnerships and alliances to accelerate project implementation and develop new business streams.

Meanwhile, RLC reported that its core net income for the first quarter of 2025 rose 4 percent year-on-year to P3.48 billion.

Revenues, however, remained flat at P11.03 billion.

The group's investment portfolio served as the primary growth driver, with revenues increasing by 8 percent to P8.52 billion, led by strong performance in its malls, followed by offices, hotels, and logistics.

Robinsons Malls' revenues grew 6 percent to P4.72 billion, supported by higher tenant sales, increased foot traffic, and a diverse tenant mix.

RLC opened Robinsons Pagadian in April 2025, adding 23,800 square meters of new GLA.

The company's office segment recorded a 6 percent increase in revenues to P2.02 billion, driven by rental growth across its office developments. The group currently operates 32 office buildings with a total GLA of 793,000 square meters.

Hotel revenues increased by 12 percent year-on-year to P1.51 billion, showing positive growth in both international and company-owned brands despite a high base from the previous year.

The group's portfolio now comprises 26 hotel properties with over 4,000 room keys.

Development revenues reached P2.51 billion, primarily from residential sales and joint ventures.

"We began the year with strength and momentum, anchored by our solid and growing recurring income backbone. This resilience allows RLC to thrive amid an ever-evolving economic landscape. We are seeing the rewards of our diversified investment strategy, operational excellence, and unwavering commitment to increasing shareholder return," said RLC President and Chief Executive Officer Mybelle V. Aragon-GoBio.