Vista Land & Lifescapes Inc., the property development arm of the Villar Group, reported a 5 percent increase in first-quarter net income to ₱3.39 billion, up from ₱3.22 billion a year earlier, reflecting stable financial performance and continued market demand across its real estate segments.
In a disclosure Tuesday, the company said consolidated revenue griew 4 percent to ₱10.64 billion from ₱10.25 billion, buoyed by higher completion rates of ongoing projects and recognition of financing components under its percentage-of-completion accounting method.
Real estate sales rose 5 percent to ₱5.85 billion, driven by strong activity in mid- to high-end developments. Crown Asia posted the sharpest increase at 66 percent, reaching ₱740 million, while Vista Residences and Brittany logged 7 percent and 20 percent revenue gains, respectively. Affordable housing arm Communities Philippines grew 4 percent, while Camella revenue remained flat.
Rental income climbed 4 percent to ₱4.35 billion, supported by improved leasing rates. However, interest income from installment contracts dropped 22 percent to ₱105 million, and ancillary revenue fell 9 percent, partly due to higher forfeitures.
The Villar-led developer, one of the Philippines’ largest integrated property firms, credited its performance to diversified offerings across residential and leasing portfolios. The results underscore Vista Land’s ability to sustain earnings momentum amid evolving market conditions and reinforce its strategic role in the broader Villar business group.
Vista Land has not issued full-year guidance but signaled cautious optimism for the rest of 2025.
