May 27, 2017 8:38 PM ET

Real Estate Management and Development

Company Overview of Megaworld Corporation

Company Overview

Megaworld Corporation, together with its subsidiaries, develops, markets, and leases real estate properties in the Philippines. The company operates through Real Estate, Rental, Hotel, and Corporate and Others segments. It develops mixed-use planned communities or townships that integrate residential, commercial, leisure, and entertainment components. The company’s real estate portfolio comprises residential condominium units, subdivision lots and townhouses, and condominium-hotel projects, as well as office projects and retail spaces. It is also involved in the lease of office and retail spaces; hotel operations; and provision of project design, construction, and property management service...

The World Centre Building

28th Floor

330 Sen. Gil Puyat Avenue

Makati,  1227

Philippines

Founded in 1989

1,371 Employees

Phone:

63 2 867 8826

Key Executives for Megaworld Corporation

Megaworld Corporation does not have any Key Executives recorded.

Megaworld Corporation Key Developments

Megaworld Corporation Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2017

Megaworld Corporation announced consolidated earnings results for the first quarter ended March 31, 2017. The company saw its net income grow by 11% to PHP 2.9 billion in the first quarter of 2017, from PHP 2.6 billion during the same period last year. Consolidated revenues of the Megaworld Group, which includes subsidiary brands Global-Estate Resorts Inc. (GERI), Empire East Land Holdings Inc. and Suntrust Properties Inc., amounted to PHP 12 billion for the first three months of the year, up 5% from PHP 11.5 billion in the same period last year.

Megaworld Corporation, Q1 2017 Earnings Call, May 15, 2017

Megaworld Corporation, Q1 2017 Earnings Call, May 15, 2017

Megaworld Corporation Announces Consolidated Audited Earnings Results for the Year Ended December 31, 2016

Megaworld Corporation announced consolidated audited earnings results for the year ended December 31, 2016. For the year, the company reported operating revenue of PHP 44,305,440,617 against PHP 42,252,866,468 a year ago. Net income before tax was PHP 15,198,700,834 against PHP 13,859,480,338 a year ago. Net income attributable to parent equity holder was PHP 11,331,824,386 or PHP 0.355 per diluted share against PHP 10,215,095,444 or PHP 0.319 per diluted share a year ago. Return on assets was 4.2% compared to 4.2% a year ago. Return on equity was 8.15% compared to 7.87% a year ago. Net cash from operating activities was PHP 3,918,233,728 against PHP 1,649,795,704 a year ago. Additions to investment property were PHP 12,979,191,612 against PHP 12,896,131,534 a year ago. Additions to land for future development were PHP 1,687,208,045 against PHP 4,358,367,202 a year ago. Additions to property and equipment were PHP 480,928,503 against PHP 208,882,344 a year ago. The company's sustained double-digit growth is attributed to stronger rental revenues that soared by 15% in 2016 to an all-time high of PHP 10.01 billion from PHP 8.73 billion during the previous year, as well as to the company's efficient cost management from operations. The company’s consolidated revenues, excluding non-recurring gains, grew 4% year-on-year in 2016 to PHP 46.74 billion compared to PHP 44.81 billion in 2015.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 16, 2017
Torre Caleido Project
 

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