Vista Land and Lifescapes Inc., the real estate arm of the Villar Group, reported a robust 10 percent year-on-year increase in net income in the first nine months of 2024, reaching ₱9.07 billion. The growth was driven by a diversified portfolio spanning residential, real estate, and rental businesses, as well as continued expansion into provincial markets. Revenue grew 7 percent to ₱29.1 billion, with real estate sales up 12 percent to ₱13.6 billion.
Chairman Manuel B. Villar Jr. credited the strong performance to the growing demand for residential properties, particularly outside Metro Manila, and highlighted Vista Land’s strategic presence in 147 cities and municipalities nationwide. “Our extensive coverage allowed us to capitalize on market opportunities as demand softened in Metro Manila,” Villar said, adding that the company’s Vista Estate projects helped boost reservation sales to ₱58.4 billion.
In the third quarter alone, net income rose 10 percent, totaling ₱2.64 billion, while revenue growth remained relatively flat at ₱8.87 billion. Vista Land also approved a cash dividend of ₱0.1120 per share, rewarding shareholders for the company’s strong performance.
Looking ahead, Vista Land remains focused on expanding its footprint in both urban and provincial markets, with plans to resume its dividend policy in 2025. The company has invested ₱21.2 billion in capital expenditures this year, with the majority allocated to project construction and land development.
In addition to residential growth, Vista Land’s commercial portfolio, which includes malls and office buildings, is benefiting from a return to pre-pandemic foot traffic. The company’s successful refinancing of $350 million in bonds has strengthened its financial position, setting the stage for continued expansion into 2025 and beyond.
