Recurring revenues, including land, building, and ancillary rentals, surged 33 percent to ₱2.4 billion, making up 89 percent of total revenue.
The company’s commercial building revenues rose by 52 percent to ₱1.1 billion, driven by high demand from logistics and traditional office tenants.
DMW's retail and F&B segments in Parqal also saw significant growth due to higher occupancy rates and tenant sales. Meanwhile, residential revenues reached ₱274 million as the MidPark development nears completion.
D.M. Wenceslao maintains a healthy financial standing, with a debt-to-equity ratio of just 0.07x and a net cash position of ₱1.7 billion.
"The Philippine real estate sector is on an upward trajectory, supported by stable inflation and declining interest rates," noted CEO Delfin Angelo ‘Buds’ Wenceslao. "In Parqal, we’re witnessing strong consumer spending and foot traffic at peak levels."
Looking ahead, the completion of the LRT-1 Cavite Extension Phase 1, including the Redemptorist-Aseana station, will soon provide Aseana City with enhanced accessibility for up to 600,000 passengers daily. This infrastructure project will expand Aseana City’s labor pool and consumer base.
“Our robust leasing operations, economic tailwinds, and big-ticket infrastructure completions set an optimistic tone for 2025, as we prepare to launch our next commercial and residential developments,” Wenceslao added.
