DDMP REIT Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
August 17, 2021 at 08:54 pm EDT
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DDMP REIT Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported gross revenue of PHP 637,695,450 against PHP 5,927,081,727 a year ago. Net income after tax was PHP 1,835,922,562 against PHP 4,140,360,849 a year ago. Earnings per share was PHP 0.1 against PHP 0.23 a year ago.
For the six months, the company reported gross revenue of PHP 1,199,669,579 against PHP 6,449,482,036 a year ago. Net income after tax was PHP 2,235,568,902 against PHP 4,498,157,382 a year ago. Earnings per share was PHP 0.13 against PHP 0.25 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. 
