The target is ambitious, aiming to nearly double RLC’s P13.21 billion profit in 2024 through high-growth investments and recurring income expansion.
High-growth strategy
The plan centers on five pillars: portfolio expansion, capital recycling, premiumization, partnerships, and enhanced customer experience.
RLC aims to boost gross leasable area and office space by 50 percent, increase hotel room keys by 25 percent, and double logistics capacity, all by 2030.
It will use its real estate investment trust (REIT) platform, Robinsons Realty Corp. (RCR), to unlock capital by recycling mature assets and reinvesting in higher-growth properties.
To raise asset value, RLC is repositioning select properties for premium pricing and improved brand equity.
It also plans to deepen customer loyalty by launching new sports and event venues, sustainability features, and experience-driven services.
Management’s view
“We began the year with strength and momentum, anchored by our solid and growing recurring income backbone,” said RLC president and CEO Mybelle V. Aragon-GoBio.
“This resilience allows RLC to thrive amid an ever-evolving economic landscape. We are seeing the rewards of our diversified investment strategy, operational excellence, and unwavering commitment to increasing shareholder return,” she added.
RLC builds in first quarter performance
• Revenues reached P11.03 billion, supported by strong recurring income from malls, offices, hotels, and logistics.
• Core net income rose 4 percent year-on-year to P3.48 billion, reflecting stable operating performance.
• Operating cash flow hit P6.34 billion, enabling the board to declare P0.75 cash dividends per share.
• All segments grew, led by logistics (up 40 percent), hotels (up 12 percent), and malls and offices (both up 6 percent).
