MARKET RIDER
The booming property sector

SOURCE: http://business.inquirer.net/211628/the-booming-property-sector

By: Den Somera
@inquirerdotnet
Philippine Daily Inquirer
12:03 AM July 5th, 2016

The property sector is expected to continue its robust performance in the next four years.

Note that the revenues of the property industry grew at a compounded annual growth rate of 17 percent from 2010 to 2015. The major players to have captured the lion’s share were: Ayala Land, Inc. (ALI), SM Prime Holdings, Inc. (SMPH), Megaworld Corp. (MEG) and Robinsons Land Corporation (RLC).

A look into the firms

Ayala Land, a subsidiary of listed Ayala Corp., is the largest property developer in the country today. Its core businesses include landbank management, residential development, shopping centers, corporate businesses and hotels.

Ayala Land’s “net profit rose 19 percent year on year to P12.8 billion in the first nine months of 2015 from P10.79 billion, anchored on a 10 percent jump in consolidated revenues to P75 billion.” The firm is targeting a 20-percent annual growth rate to hit a net income of P40 billion by 2020.

Read more: http://business.inquirer.net/211628/the-booming-property-sector#ixzz4Ds7u1wTT
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