DDMP REIT Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 07:59 pm
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DDMP REIT Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 547.32 million compared to PHP 547.7 million a year ago. Revenue was PHP 595.47 million compared to PHP 637.7 million a year ago. Net income was PHP 498.29 million compared to PHP 1,835.92 million a year ago. Basic earnings per share from continuing operations was PHP 0.03 compared to PHP 0.1 a year ago. Diluted earnings per share from continuing operations was PHP 0.03 compared to PHP 0.1 a year ago.
For the six months, sales was PHP 1,136.66 million compared to PHP 1,056.29 million a year ago. Revenue was PHP 1,234.84 million compared to PHP 1,199.67 million a year ago. Net income was PHP 1,057.19 million compared to PHP 2,235.57 million a year ago. Basic earnings per share from continuing operations was PHP 0.0593 compared to PHP 0.1254 a year ago. Diluted earnings per share from continuing operations was PHP 0.0593 compared to PHP 0.1254 a year ago.
DDMP REIT, Inc. is a Philippines-based real estate company. The Company is a commercial real estate investment trust formed primarily to own and invest in an income-producing commercial portfolio of office, retail, industrial and hotel properties in the Philippines. It is engaged in the business of real estate development including but not limited to residential and condominium projects, to acquire by purchase or lease land and interest in land, to own, hold, impose, promote, develop, subdivide and manage any land owned, held or occupied by the Company, to construct, manage or administer buildings such as condominiums, apartments, hotels, restaurants, stores or other structures and to mortgage, sell, lease or otherwise dispose of land, interests in land and buildings or other structures at any time. Its property portfolio consists of three operational office buildings with retail components in DD Meridian Park. DD Meridian Park is being developed as an office-led mixed-use development.
DDMP REIT INC. 