This rating, the highest given by PhilRatings, reflects minimal credit risk and a strong ability to meet financial commitments.
RLC continues to expand across malls, offices, hotels, logistics, and mixed-use developments, sustaining solid growth.
Robinsons Malls, the country’s second-largest mall operator, had 55 lifestyle centers with a 93 percent occupancy rate as of September 2024. RLC Residences posted record-high pre-sales in 2023, while its office division maintained a significant presence in key business hubs.
The company also plays a major role in the REIT sector as the sponsor of RL Commercial REIT, which has the country’s widest geographical reach.
Backed by JG Summit Holdings, RLC maintains a healthy liquidity position and a conservative capital structure.
A leadership shift is set for 2025, with Maria Socorro Isabelle V. Aragon-GoBio taking over as president and CEO, replacing Lance Y. Gokongwei, who remains as chairman. Her 30 years of experience within RLC is expected to drive continued expansion.
PhilRatings will continue monitoring RLC’s performance but sees stability in its fundamentals and future growth plans.
