DDMP REIT Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 10:18 pm
Share
DDMP REIT Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 531.47 million compared to PHP 496.58 million a year ago. Revenue was PHP 582.88 million compared to PHP 606.49 million a year ago. Net income was PHP 482.44 million compared to PHP 532.26 million a year ago. Basic earnings per share from continuing operations was PHP 0.03 compared to PHP 0.03 a year ago. Diluted earnings per share from continuing operations was PHP 0.03 compared to PHP 0.03 a year ago.
For the nine months, sales was PHP 1,668.14 million compared to PHP 1,552.87 million a year ago. Revenue was PHP 1,817.73 million compared to PHP 1,806.16 million a year ago. Net income was PHP 1,539.63 million compared to PHP 2,767.83 million a year ago. Basic earnings per share from continuing operations was PHP 0.0864 compared to PHP 0.1553 a year ago. Diluted earnings per share from continuing operations was PHP 0.0864 compared to PHP 0.1553 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. 
