The Lopez family-backed Rockwell Land Corp. posted sharply higher first quarter earnings as premium residential demand and expanding commercial revenues continued supporting growth despite broader economic uncertainty.
Net income attributable to the parent company jumped 67 percent to P1.29 billion while consolidated revenues climbed 45 percent to P6.46 billion, driven by stronger residential sales and growing mall and leasing income.
Corporate outlook
“While the real estate industry shows signs of resilience in spite of the times, steady demand for premium, integrated communities continues to support company growth. Backed by this strong start to 2026, Rockwell Land remains focused on strengthening its developments across key cities and emerging growth areas nationwide,” the company said.
Residential developments remained the company’s biggest revenue driver, accounting for 75 percent of total revenues as project accomplishments from Edades West and Cabo San Diego boosted sales recognition during the quarter.
Commercial revenues accelerate
Commercial revenues surged 55 percent to P1.60 billion as Rockwell started recognizing contributions from the Alabang Commercial Center.
Retail revenues alone climbed 74 percent to P1.14 billion, supported by higher occupancy, stronger rental rates and the integration of newly acquired Alabang assets.
Earnings before interest, taxes, depreciation and amortization (Ebitda) rose 42 percent to P2.72 billion as recurring commercial income became a bigger contributor to profitability.
Expansion stays in focus
The results reinforce how higher-end mixed-use developments continue attracting tenants and affluent buyers even as broader property markets remain uneven.
Rockwell is increasingly leaning on recurring commercial income alongside residential sales as it expands across key cities and emerging urban growth areas nationwide.
—Edited by Miguel R. Camus
