Tycoon Manuel Villar Jr.’s Vista Land & Lifescapes Inc. said it is evaluating “strategic alternatives” in its real estate portfolio after the Philippine Stock Exchange (PSE) sought clarification on reports that another company-owned mall was up for sale.
The first glimpse into the finances of tycoon Manuel Villar Jr.’s property empire has revealed a steep earnings slump, even as its biggest property developer doubles down on its core housing business.
Tycoon Manuel Villar Jr.’s property giant Vista Land & Lifescapes Inc. has lined up P13.6 billion in new debt financing, as the Villar group moves to refinance obligations and fund ongoing operations.
Manuel Villar Jr.’s VistaREIT Inc. (VREIT) has assured investors its dividend payments remain secure, downplaying concerns raised over multibillion-peso receivables mainly from businesses owned by the tycoon.
Tycoon Manuel Villar Jr.’s Vista Land posted an 11 percent increase in core net income to ₱9.36 billion in 2024, underpinned by improved margins, higher residential sales, and lower operating expenses.
Tycoon Manuel Villar Jr.’s real estate giant Vista Land & Lifescapes Inc. saw steady profit growth during the first nine months of 2024, thanks to resilient demand for projects outside Metro Manila.
Tycoon Manuel Villar Jr.’s Vista Land & Lifescapes Inc. successfully raised P3 billion through a preferred share offering, listing Series 2A and 2B shares on the Philippine Stock Exchange on Friday.
Tycoon Manuel Villar Jr.’s Vista Land & Lifescapes raised P3 billion from a preferred share offer, fully selling out the base portion of the deal while the P2-billion overallotment option was not exercised.