DISCLOSURES
LATEST DISCLOSURE
September 30, 2024
Management's Discussion and Analysis of Financial Condition or Results of Operation
The financial results for the first nine (9) months of 2024 of Philippine Realty and Holdings Corporation (interchangeably referred to by its PSE trading symbol "RLT" or "Parent Company" or as the "RLT Group" or "Group”) reflected a consolidated net loss after tax of ₱176 Million. But in spite of this, the Group still maintained acceptable and very conservative liquidity and solvency ratios.
GDP Growth
The country’s gross domestic product (GDP) growth rate for the third quarter of 2024 was 5.2% — down from the 6.3% growth rate recorded in the second quarter. This brings average GDP growth for the first three quarters of 2024 to 5.8%, slightly below the target of 6.0% to 7.0% for the year.
Despite the decline in our GDP growth rate, our economy continues to grow steadily; the latest GDP figures indicate continuous expansion. Of the countries that have reported their third-quarter GDP growth rates, we remain one of the fastest-growing Asian economies. We follow Vietnam, which posted a 7.4% growth rate, and are ahead of Indonesia (4.9%), China (4.6%), and Singapore (4.1%).
Government Borrowings
As of September 2024, the outstanding debt of the National Government (NG) reached ₱15.89 trillion, 11.4% higher compared to ₱14.27 trillion in the same month last year. ₱15.89 trillion represents an increase of 2.2% from the August 2024 debt level due to the net availment of new external and domestic debt. Of the total NG debt stock, 68.81%, was sourced domestically, while 31.19% came from external borrowings.
Debt-to-GDP Ratio
The NG’s debt-to-GDP ratio was recorded at 61.3% as of end-September 2024 following the release of the Q3 2024 Gross Domestic Product (GDP) which grew by 5.2% year-on-year. The debt ratio was higher when compared with 60.2% a year ago and with 60.1% at the end of 2023.
Meanwhile, the fiscal deficit settled at 5.1% for January-September 2024 compared with 5.7% for the same period in 2023. The debt ratio reflects the accomplishment of 89.5% of the full-year borrowing program to fund 2024 expenditures. The NG targets an end-December debt-to-GDP ratio of 60.6% and full-year deficit-to-GDP of 5.6%, as outlined in the revised Medium-Term Fiscal Framework (MTFF).
Inflation
The Philippine Statistics Authority (PSA) reported that the inflation rate for September 2024 eased to 1.9% from 3.3% in August, marking the lowest level since May 2020’s 1.6%. This recent figure brings the year-to-date inflation to 3.4%, within the government’s target range of 2% to 4%, and broadly consistent with inflation trends in other ASEAN economies.
SEC FILINGS 2024
- RLT_SEC 17Q 3rd Quarter 2024
- RLT_SEC-17Q 2nd Quarter 2024
- RLT_General Information Sheet CY2024
- RLT_SEC Form 17-C-Result of ASM 2024
- RLT_SEC Form 17-C-Result of Organizational Meeting 2024
- RLT _SEC Form I-ACGR_CY2023
- SEC Form 17-C-Formation of a Subsidiary
- RLT_SEC Form 20IS - Preliminary_22May2024
- RLT_SEC 17Q 1stQ 2024
- RLT Annual Report _SEC Form 17-A 2023
- RLT_SEC 17-C_BoD Approval on extension of Lead ID
- RLT_SEC Form 17-L_CY2024
- RLT 17C Annual Stockholders Meeting
- RLT_SEC 17Q 3rdQ 2023
- SEC Form 17-C Approval by PBCOM of Term Loan
- RLT_SEC 17Q 2ndQ 2023
- RLT_General Information Sheet (GIS) 2023
- SEC 17-C Results of ASM
- SEC 17-C Promotion, and Change in Designation
- SEC 17-C Corporate Officers, Board and Management Committees
- RLT_SEC-Form-I-ACGR-CY2022_29May2023
- RLT_SEC 20IS Preliminary_24May2023
- RLT_SEC 17Q 3rdQ 2022
- RLT SEC 17A Annual Report
- SEC Form 17-C Promotion and Change of Designation of Officer
- SEC Form 17-C Amendment of By-Laws
- SEC Form 17-C Annual Stockholders Meeting
- SEC Form 17-C Resignation and Election of President
- RLT SEC 17Q 3rdQ 2022
- RLT SEC 17Q 2ndQ 2022
- RLT General Information Sheet 2022
- SEC Form 17-C-Result of Organizational Meeting
- SEC Form 17-C-Result of ASM
- Philippine Realty and Holdings Corporation_SEC 17A FY2021
- RLT_SEC 17Q 1stQ 2022
- RLT Preliminary Information Statement (20-IS)
- RLT Notice of Annual Stockholders Meeting 2021
- RLT SEC-17C Perpetual Corporate Term
- RLT SEC-17C Amended by Laws
- RLT SEC-17C Amended Articles of Incorporation
- Extension for Filing SEC Form 17-A
- RLT's SEC 17Q 1st quarter for the year 2021
- RLT's SEC Form 17A for the calendar year 2020
- RLT SEC Form 20-IS_Preliminary
- RLT SEC Form 20IS - Definitive
- RLT SEC-17C Transfer of Lots and Issuance of Shares
- RLT SEC-17C Result of Annual Stockholders Meeting
- RLT SEC-17C Officers and Committee Members
- RLT General Information Sheet 2021
- RLT SEC-17Q 2Q of 2021
- RLT SEC-17Q 3Q of 2021
- RLT SEC-17Q 3Q of 2020
- RLT-SEC-17C Results of ASM
- RLT-SEC-17C Officers and Committee
- RLT-SEC-17C Change in Officers
- Definitive Information Statement
- PRHC SEC-17Q 2Q of 2020
- RLT SEC Form 20-IS (Information Statement)
- SEC-17Q 1Q of2020
- SEC 17-A Annual Report
- Postponement of the Annual Stockholders' Meeting
- PRHC SEC-17Q 3Q of 2019
- PHRC SEC-17Q 2Q 2019
- SEC 17-C Stock Transfer Agent
- SEC 17-C New set of Corporate Officers and Board Committees
- SEC 17-C on Related Party Transaction Committee
- SEC 17-C Results of Annual Stockholders' Meeting
- SEC Filings 2018
- PRHC SEC-17Q 1Q 2019
- PRHC Duly Filed SEC-17C [February 26, 2019]
- PRHC SEC 17-A CY 2018
- PRHC 20-IS Definitive
- 2018 PRHC SFFS
- 17-C Election of Officers, Board and Management Committees (August 2018)
- PRHC Duly Filed SEC-17Q 1stQ 2018
- 2018 General Information Sheet Amended
- PRHC Duly Filed SEC 17-A CY 2017
- Duly Filed AFS CY 2017
- PRHC SEC 17-A-CY 2016
- Alfredo S. Del Rosario Jr. Elected as Director and President CEO
- Andrew D. Alcid - Resignation as Director and President CEO
- Manual on Corporate Governance
- SEC Ammended GIS [August 20, 2015]
- SEC Form 17-A [April 29, 2015]
- SEC Form 17-C [April 14, 2015]
- Annual SH Meeting [July 06, 2015]
- Annual Corporate Governance Report [April 29, 2015]
- SEC Form 17-C [October 16, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [September 30, 2014]
- SEC Form 17-C – Appointment of Mr. Ciar as Head of Project and Construction Management [September 24, 2014]
- SEC Form 17-C – Material Information [September 24, 2014]
- SEC Form 17-C – Notice of Special Stockholders Meeting [September 24, 2014]
- SEC Form 17-C – Amendment on the position of Mr. Ciar [September 24, 2014]
- SEC Form 17-C – Appointment of Ms. Thomas as VP for Human Resources [September 02, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [August 31, 2014]
- SEC Form 17-C – Resignation of Mr. Santos as Senior VP and Chief Operating Officer [August 29, 2014]
- SEC Form 17-C – Resignation of Ms. Abbot as VP for Finance and Administration [August 15, 2014]
- SEC Form 17-Q – Quarterly Report [August 14, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [July 31, 2014]
- SEC Form 17-C – Election of Mr. Kirk Steven Young as Independent Director [July 21, 2014]
- SEC Form 17-C – Newly elected Corporate Officers and Board Committee [July 17, 2014]
- SEC Form 23-A – Updated Statement of Beneficial Ownership as of June 30 2014 [July 03, 2014]
- SEC Form 23-A – Statement of Beneficial Ownership as of June 30 2014 [July 03, 2014]
- SEC Form 17-C – Resolutions during the Annual Stockholders Meeting [July 01, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [June 30, 2014]
- SEC Form 17-C – Demise of Ramon Cuervo III, Independent Director [June 17, 2014]
- SEC Form 17-C – Announces the Retirement of Mr. Bacani as President [June 04, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [May 31, 2014]
- SEC Form 17-C [May 21, 2014]
- SEC Form 17-Q – Quarterly Report [May 15, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [May 7, 2014]
- SEC Form 17-C [April 28, 2014]
- SEC Form 17-C [April 23, 2014]
- SEC Form 17-C [April 15, 2014]
- SEC Form 17-C [April 15, 2014]
- SEC Form 17-C III [April 02, 2014]
- SEC Form 17-C II [April 02, 2014]
- SEC Form 17-C I [April 02, 2014]
- SEC Form 17-C [April 04, 2014]
- SEC Form 17-C [March 19, 2014]
- SEC Form 17-C [February 26, 2014]
- SEC Form 17-C [February 12, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [February 12, 2014]
- SEC Form 23-B – Change in Beneficial Ownership [January 27, 2014]
- Minutes of the Special Stockholders’ Meeting
- General Information Sheet [August 07, 2014]
- General Information Sheet [June 30, 2014]
- Articles of Incorporation
- By Laws
For more information about PhilRealty's disclosures, visit edge.pse.com.ph/companyDisclosures/
