Author Topic: STOCK MARKET PICK REVIEW: Robinsons Land Corporation (RLC) Stock Updates  (Read 46 times)

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RichPoorDad

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Robinsons Land Corporation, one of the Philippines’ leading real estate companies, is involved in the development and operation of shopping malls and hotels, and is also one of the country’s reputable developers of mixeduse properties,office buildings, residential condominiums, as well as land and residential housing developments, including socialized housing projects located in key cities and other urban areas nationwide.

Second biggest mall operator in the Philippines
RLC has a good exposure ot the resilient consumer spending in the Philippines as it is the second biggest mall operator in the Philippines with more than 44 malls and gross leasable area of 1.3 Mil sqm

Robust growth prospects
RLC has a good pipeline of projects for its malls, hotels, and office segments that will drive the growth of the company for years to come. Next year, mall GLA is expected to grow 10%, office GLA by 20%, and hotel room count by 19%. On average going forward RLC plans to open three malls (and expand one existing), one office, and one hotel per year

Highly defensive business model
RLC’s business model is more defensive than most property developers. It derives almost 80% of its income from its investment properties (malls, offices, and hotels) while the balance comes from the residential segment. This makes their revenues and income less vulnerable to the cycles of the residential
sector. In terms of NAV, bulk of its value also comes from investment properties and landbank, while residential accounts for less than 10% of our NAV estimate.
« Last Edit: February 06, 2018, 06:46:08 PM by RichPoorDad »
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WorldPerksPH

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Re: Robinsons Land Corporation (RLC) Stock Updates
« Reply #1 on: February 06, 2018, 06:45:36 PM »
I love this stock !


Check it here.

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Re: Robinsons Land Corporation (RLC) Stock Updates
« Reply #1 on: February 06, 2018, 06:45:36 PM »

 

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