Rockwell Land sees record profit growth in 2023

The Lopez family’s Rockwell Land Corp. reported a substantial increase in consolidated net income last year, reaching P4 billion or a 31 percent spike from the previous year, surpassing prepandemic levels.

Revenues soared to P18.5 billion, driven by strong sales in both residential and commercial sectors. 

Significant growth was noted in residential development, generating P14.4 billion, bolstered by strong demand for new projects such as Edades West in Makati and expansions in strategic provincial locations. 

The developer’s retail revenues also climbed 27 percent to P2.2 billion due to higher occupancy, improved rental rates, and new store openings.