Recurring revenues from land, commercial buildings, and other leasing streams climbed 14 percent year-on-year to ₱899 million, accounting for 84 percent of total revenues. Commercial building revenues led the charge with a 27-percent increase to ₱406 million, driven by improved occupancy across DMW’s portfolio in Aseana City.
The company’s residential segment also showed strength, rising 13 percent to ₱167 million as its MidPark project approached full completion and turnover. The influx of new residents is expected to boost activity in Parqal, DMW’s flagship mixed-use development.
With a debt-to-equity ratio of just 0.07x and a net cash position of ₱1.7 billion, DMW retains significant financial flexibility to support ongoing developments.
“Our first quarter results underscore the merits of our integrated development strategy and focus on placemaking,” said CEO Delfin Angelo “Buds” C. Wenceslao. “In Aseana City, demand rises to meet well-conceived supply. We’re confident in sustaining our momentum and delivering long-term value to our stakeholders.”
DMW continues to execute on its growth pipeline, leveraging strong fundamentals and a vibrant urban community. — Ed: Corrie S. Narisma
