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Eye on earnings: Shoppers sustain top property firms’ revenue
Malls and leisure buoy property sector amid a slump in residential presales.
May 27, 2025
By Charles Randy Lumhod and German de la Paz III
By Charles Randy Lumhod and German de la Paz III
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Earnings of top publicly listed property developers were robust in the first quarter, thanks in part to the mall’s steady performance.
SM Prime Holdings Inc. (SMPH) and Ayala Land Inc.’s (ALI) boost from retail spaces was underpinned by revived consumer spending, wage growth, and occupancy rates that beat industry averages.