Vista Land bags award

MANILA, Philippines — Vista Land & Lifescapes Inc., the Villar family-owned integrated property developers and the country’s largest homebuilder, has been recognized recently in the 6th International Finance Awards 2018.

The listed property company bagged the Most Innovative Community Developer award in a ceremony held last month at Grand Hyatt Erawan, Thailand last Jan. 25.

Vista Land chief financial officer and head investor relations Brian Edang said the award is a testament to the company’s innovations in the property sector.

“The Most Innovative Community Developer award conferred to us by the International Finance Awards is a testament to the innovations we are doing back home like our communicities. Recognitions like this are the propulsion the company needs to keep going and to keep growing,” Edang said.

Last year, Vista Land was recognized by several other major award-giving bodies both in the Philippines and abroad.

“With its companies and brands boasting over four decades of industry leadership, Vista Land brings with it a proven track record in building complete communities through its communicity model – providing Filipinos with homes surrounded by modern lifestyle features including retail complexes, leisure amenities, offices centers, school campuses, and places of remembrance and worship,” Edang said during the awarding ceremony.

Vista Land remains aggressive in the pursuit of its goals and continues to grow steadily.

As of September 2018, the company has built almost half a million houses, in projects located across 47 provinces in 145 cities and municipalities all over the Philippines.

Similarly, its commercial leasing portfolio has grown to more than one million square meters of gross floor area.

Edang said all this efforts are geared toward the realization of the company’s goal to fulfill every Filipino family’s dream of owning a home, and ultimately bring all these dreams together to build a future worth living.

Its target is to be present in 200 cities across the country.

In the January to September 2018 period, Vista  Land registered a 16 percent growth in net income to P8.3 billion from P7.1 billion in the same period last year.

This was on the back of consolidated revenues for the period of P31 billion, up 16 percent from the previous year’s P26.9 billion. Real estate registered an increase of 16 percent from P20.8 billion to P24.2 billion this year.

Likewise, leasing income posted a 19 percent increase to P5.2 billion from P4.3 billion in the comparable period last year. Leasing operations now account for 17 percent of total revenue, 28 percent of EBITDA and 24 percent of net income.