Vista Land posts 4% profit hike

MANILA, Philippines — Vista Land & Lifescapes Inc., the Villar Group’s listed property developer, booked a four-percent improvement in profit in the first half on higher revenue from real estate sales.

From January to June, Vista Land’s net income increased to P6.71 billion from P6.44 billion in the same period in 2024.

The company’s revenue from real estate sales reached P10.07 billion in the first half, up by five percent from last year’s P9.62 billion.

“This was primarily attributable to the increase in the overall completion rate of sold inventories of some of its business units as well as the recognition of the significant financing component for the period,” Vista Land said.

Real estate revenue of Brittany climbed by 27 percent year-on-year to P1.15 billion due to the higher number of sold homes completed or under construction as well as lots only in the Mega Manila area in the high-end or upscale residential segment.

Vista Residences real estate revenue also increased by seven percent to P2.86 billion, while that of Communities Philippines inched up by three percent to P3.6 billion.

Vista Residences is the business unit of Vista Land that develops and sells vertical projects across the country.

Meanwhile, real estate revenues of Camella and Crown Asia saw a slight drop to P1.99 billion and P469 million, respectively.

Rental income for the first semester grew by three percent to P8.7 billion, primarily attributable to the increase in rates for the period.

Through six distinct business units, Vista Land operates its residential and commercial property development business.

Camella Homes, Communities Philippines, Crown Asia, Brittany and Vista Residences are focused on residential property development, while Vistamalls is involved in commercial property development.