Sta. Lucia Land

Sta. Lucia Land
Public (PSE: SLI)
Founded Manila, Philippines in 1972
Founder Robles-Santos family
Headquarters Cainta, Rizal, Philippines
Key people
 Exequiel D. Robles, Chairman
Revenue ₱3.104 billion (approx US$64.5 million USD) (2015)[1]
Total assets ₱21.371 billion (approx US$443 million USD) (2015)[2]
Parent Sta. Lucia Realty and Development Corporation
Subsidiaries Sta. Lucia Homes
Soto Grande Hotels
Sta. Lucia Ventures
Website www.stalucialand.com.ph

Sta. Lucia Land Inc. (SLI) is a real estate development company listed on the Philippine Stock Exchange. In 2007, the Philippines Securities and Exchange Commission (SEC) approved several changes in the Company after it underwent a restructuring program, including the change of the Company's corporate name from Zipporah Mining and Industrial Corporation to the present one. Also in 2007, SLI became a public company via a back door listing.

SLI's portfolio consists of horizontal and vertical properties across the country, as well as a shopping mall in Cainta, Rizal, namely, Sta. Lucia East Grand Mall. The Company's clients are families, overseas Filipino workers, foreign investors, retirees, young urban professionals, and newly married couples, among others.

On December 22, 2015, Sta. Lucia Land, Inc. ("SLI") listed in the Philippine Dealing Exchange Corp. ("PDEx"). SLI joined the PDEx community of listed corporations, with its listing of P3 Billion worth of fixed-rate Peso bonds with an over-subscription option of up to P2 Billion in the PDEx platform. This marks the maiden listing of SLI in the Philippine Bond Market. The Bonds have been rated AA+ by the Credit Rating and Investor Services Philippines, Inc.[3]

Year 2015 performance

Alta Vista Golf and Country Club
Sta. Lucia Residenzes
Sta. Lucia East Grand Mall
Arterra Bayfront Residences - Sta. Lucia's newest project development in Cebu

Sta. Lucia Land Inc.’s (SLI) net income increased YOY by 23% from Php 548 million to Php 676 million while gross revenues increased by 35% from PHP 2.296 billion to PHP 3.104 billion. The 16% growth of its real estate revenues contributed to this increase, from PHP 1.455 Billion in 2014 to 1.681 Billion in 2015.

Majority of the growth came from the sales of Colinas Verdes Residential Estates (San Jose Del Monte, Bulacan), Monte Carlo Tower – Sta Lucia Residenze (Cainta, Rizal), Davao Riverfront (Davao) and Splendido Taal Tower 2 (Tagaytay).

Total assets increased by 20%, from PHP 17.838 Billion to PHP 21.371 Billion. Total debt to equity ratio was up at 0.68 while bank loans to equity remain at a low of 0.44. Gross profit margin remains at 48% for both years.

Following its successful PHP 4 billion maiden retail bond offering last December 2015, the Company continues to expand in key cities and provinces as it has recently acquired 53 properties totaling 96.89 hectares in Pasig City, Laguna, Cavite, Batangas, Tagaytay and General Santos City and sealed over 10 joint venture agreements totaling 94.75 hectares in Laguna, Batangas, Rizal, Iloilo and Cebu.

Affiliates and subsidiaries

In February 2013, the SEC approved the incorporation of Sta. Lucia Homes, Inc. as a wholly owned subsidiary of SLI with the primary purpose to construct, develop, improve, mortgage, pledge, and deal with residential structure for lot buyers. In April 2013, the incorporation of another wholly owned subsidiary, Santalucia Ventures Inc., was approved by the SEC.

Membership

Sta. Lucia Land Inc. is a member of Chamber of Real Estate and Builders’ Association (CREBA)

Reception

References

  1. ↑ http://www.stalucialand.com.ph/sta-lucia-land-incs-2015-net-income-up-by-23/
  2. ↑ http://www.stalucialand.com.ph/sta-lucia-land-incs-2015-net-income-up-by-23/
  3. ↑ "Credit Rating and Investor Services Philippines, Inc.". Retrieved 2015-06-01.
  4. ↑ "2012 – BCI Asia Top 10 Developer of the Year | Sta. Lucia Land Inc.". Retrieved 2015-06-01.
  5. ↑ "2016 - Golf Digest: Best Golf Course in Asia Orchard Golf & Country Club (Palmer course)". Retrieved 2015-06-01.
  6. ↑ "2016 - World Golf Awards: Eagle Ridge Golf & Country Club (Nick Faldo Course) and Orchard Golf & Country Club (Palmer course)". Retrieved 2015-06-01.
  7. ↑ "2016 - World Golf Awards: Finalists of Best Golf Hotel in the Philippines Eagle Ridge Golf & Country Club". Retrieved 2015-06-01.
  8. ↑ "2016 - Asia-Pacific Bronze Stevie Award 2016 for the Award for Innovative Management in Consumer Product & Service Industries". Retrieved 2015-06-01.
  9. ↑ "2016 – Finalist Asia CEO Awards "Heart for OFWs Company of the Year"" (PDF). Retrieved 2015-06-01.
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