Robinsons Land Corp. (RLC), the real estate arm of the Gokongwei group, said it expects to achieve P25 billion in net income by 2030 by aggressively expanding its malls, offices and hotels.
Under its Vision 5-25-50 strategy, RLC plans to hit the P25-billion net income target by increasing the gross leasable area of malls by 50 percent, office space by 50 percent, hotel room keys by 25 percent and doubling logistics capacity by 2030. These moves are expected to result in higher recurring revenues.
It also aims to continuously inject new assets into its real estate investment trust firm, RL Commercial REIT Inc., and to elevate product offerings that will cater to the premium market.
RLC also aims to pursue strategic partnerships and alliances to accelerate the implementation of projects and to develop new business streams.
RLC said core net income in the first quarter of 2025 climbed 4 percent year-on-year to P3.48 billion. Revenues were flat at P11.03 billion.
“We began the year with strength and momentum, anchored by our solid and growing recurring income backbone. This resilience allows RLC to thrive amid an ever-evolving economic landscape. We are seeing the rewards of our diversified investment strategy, operational excellence, and unwavering commitment to increasing shareholder return,” said RLC president and chief executive Mybelle Aragon-GoBio.
The group’s investment portfolio remained the main growth engine, with revenues rising 8 percent to P8.52 billion, led by strong performance from malls, followed by offices, hotels and logistics.
Robinsons Malls revenues grew 6 percent to P4.72 billion, supported by higher tenant sales, expanded foot traffic and a unique tenant mix.
RLC opened Robinsons Pagadian in April 2025, adding 23,800 square meters of new GLA.
RLC’s office segment registered a 6-percent increase in revenues to P2.02 billion on the back of rental growth across its office developments. The group operates 32 office buildings with a total gross leasable area of 793,000 square meters.
Hotel revenues rose 12 percent year-on-year to P1.51 billion, with positive growth in both international and company-owned brands despite an elevated base last year.
The group’s portfolio now consists of 26 hotel properties with over 4,000 room keys.
Development revenues reached P2.51 billion, mainly from residential sales and joint ventures.
