Robinsons Land Achieves Record-Breaking Net Income Of ₱12.06-B In 2023

Robinsons Land Corporation, a subsidiary of JG Summit Holdings, Inc. known for its diverse portfolio in residential, commercial, and mixed-use developments, as well as hotels, offices, and industrial facilities, has announced its all-time high consolidated net income of Php12.06 billion for the year 2023.

Other segments such as Robinsons Offices, Robinsons Logistics and Industrial Facilities (RLX), and Robinsons Destination Estates (RDE) also demonstrated stable topline results. I Photo: Robinsons Offices

The impressive 24% increase in net income was attributed to the remarkable performance of its malls, hotels, and joint ventures.

Lance Gokongwei, Chairman, President, and CEO of Robinsons Land Corporation, expressed delight in the outstanding performance across the real estate businesses, underscoring the company's dedication to excellence through strategic initiatives and commitment to stakeholders.

The consolidated revenues for 2023 amounted to Php42.02 billion, with the investment portfolio contributing 69% to the revenues.

The success was primarily driven by the performance of Robinsons Malls, which experienced significant revenue growth, and Robinsons Hotels and Resorts (RHR), nearly doubling its revenue.

Other segments such as Robinsons Offices, Robinsons Logistics and Industrial Facilities (RLX), and Robinsons Destination Estates (RDE) also demonstrated stable topline results.

Robinsons Land's residential segment, including Robinsons Homes, achieved a record-breaking revenue of Php21.33 billion, marking the highest in its history. The company highlighted its strong financial position, with total assets reaching Php236 billion and Shareholders’ Equity at Php142 billion.

In addition to its financial success, Robinsons Land Corp. was recognized with prestigious awards in 2023, including the Property Guru Best Developer Award, Best Mixed-Use Development of the Decade Award by CREBA for its Bridgetowne project, Best Employers in Real Estate Award by Statista, and the ACGS One Golden Arrow Award. Robinsons Mall was also honored as the Sustainability Company of the Year Grand Winner at the Asia CEO Awards.

Robinsons Land Corporation's exceptional performance in 2023 underscores its commitment to excellence and innovation in the real estate industry.

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