Disclosures

LATEST DISCLOSURE

June 30, 2023

Management's Discussion and Analysis of Financial Condition or Results of Operation

The financial results for the first six months of 2023 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 ₱109 Million. But despite this, the Group was able to maintain healthy and very conservative liquidity and solvency ratios.

The Philippine economy continues to encounter headwinds in attaining economic recovery.

The National Government (NG) debt stood at a fresh record high of ₱14.1 Trillion as of end-June this year, higher than the ₱14.0 Trillion in May, and ₱13.9 Trillion in April. Of the total debt stock, 68.6%, was sourced domestically, while 31.4% came from external borrowings.

Meanwhile, the Philippine economy as measured by Gross Domestic Product (GDP) – the total value of goods and services produced in a specific period - grew slower at 4.3% in the second quarter of 2023 as elevated inflation, which stood at 5.6% in the same period, dampened consumer spending. This is also the Philippine economy’s slowest GDP growth since the country graduated from the pandemic-induced recession in the second quarter of 2021 when it booked a growth rate of 12%.

However, in spite of the increase in the NG’s debt and slower GDP growth as presented above, records show that the amount of the country’s debt relative to the size of the economy shrunk as of the second quarter of 2023. The debt-to-GDP ratio represents the amount of the government’s debt stock relative to the size of the economy.

Finance Secretary Diokno said that the government’s Medium-Term Fiscal Framework (MTFF) aims to bring down the debt-to-GDP ratio to less than 60% by 2025 then further down to 51.1 percent in 2028, and reduce the budget deficit to 3.0% of GDP by 2028. “The MTFF is our blueprint to reduce fiscal deficit, promote fiscal sustainability and enable robust economic growth,” he added.

NEDA secretary Balisacan said, "High inflation remains a challenge, and the BSP’s move to raise its key policy rates to anchor inflation expectations and ensure price stability, may dampen future growth. But the improvement in the business climate can counter this unintended effect,” he added.

The NEDA secretary also said that expectations that inflation will return to the 2 to 4% target band by the end of the year could rebuild consumer and business confidence, which would boost spending and investments.

SEC FILINGS 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

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