Property developer posts steady first-half growth on malls, hotels

A major property developer sustained its growth momentum in the first half of 2025, driven by strong performances from its mall and hotel operations, along with a diversified investment and development portfolio.

Robinsons Land Corp. (RLC), the real estate arm of JG Summit Holdings Inc., reported an attributable net income of %u20B16.88 billion for the first six months, slightly lower than last year’s %u20B17.25 billion due to a one-time gain of %u20B1730 million recorded in 2024. Without the one-off item, however, the company’s core net income grew 5% year-on-year.

In a disclosure to the Philippine Stock Exchange, RLC said consolidated revenues for the first half reached %u20B123.03 billion, up 8% from last year, while second-quarter revenues rose 16% to %u20B112 billion. Attributable net income in the April–June period climbed 7% to %u20B13.4 billion.

“RLC’s solid results in the first half of 2025 reflect the strength of our diversified portfolio and our commitment to disciplined execution,” President and CEO Mybelle V. Aragon-GoBio said, adding that the company remains focused on long-term value creation through strategic expansion and innovation.

Robinsons Malls recorded revenues of %u20B19.46 billion in the first half, up 9% year-on-year, with occupancy improving to 94%. Robinsons Hotels and Resorts delivered %u20B13.1 billion in revenues, a 9% increase, as operating leverage improved across all brands.

The office segment also contributed with %u20B14.11 billion in revenues, up 5%, while Robinsons Logistics and Industrial Facilities posted a 17% jump in revenues to %u20B1451 million.

On the residential side, RLC Residences saw realized revenues climb 33% to %u20B14.73 billion, buoyed by project completions and strong ready-for-occupancy sales.

The company also reported steady contributions from Robinsons Destination Estates and its industrial facilities business, underscoring the resilience of its diversified portfolio.