DISCLOSURES

LATEST DISCLOSURE

March 31, 2022

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

The first quarter 2022 financial results 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 ₱22.3 Million. But in spite of this, the Group continued to maintain a deliberate very conservative liquidity and solvency stance.

The RLT Group was negatively impacted by the continuing disruptions to business caused by the COVID-19 pandemic, particularly as regards physical viewing of properties by prospective buyers and lessees.

During the first quarter, the Philippines experienced the peak of the COVID-19 Omicron variant surge, forcing the government to tighten mobility restrictions. But the number of infections later fell within the quarter, and this allowed further reopening of the economy.

The slow and uncoordinated implementation by the government of its vaccination program added to the record rise of Omicron cases that placed businesses in open-close-open situations.

The Philippine Statistics Authority (PSA) reported that the Philippine economy grew at a better-thanexpected 8.3% in the first quarter of 2022. The latest gross domestic product (GDP) growth figure is an improvement from the revised -3.9% reported in the first quarter of 2021.

The main contributors to the first quarter 2022 growth were: Manufacturing, 10.1 percent; Wholesale and retail trade; repair of motor vehicles and motorcycles, 7.3 percent; and Transportation and storage, 26.5 percent.

Industry and services posted growth rates of 10.4% and 8.6%, respectively, while agriculture grew a measly 0.2% on a year-on-year basis. Services had the largest share in the overall GDP growth figure, accounting for 5.1 points of the 8.3% growth. Industry’s share was 3.1, while agriculture was just at 0.02.

For the first three quarters of 2021, the Philippine economy’s average growth rate is now 4.9%, and it is on course to hitting the government’s full year growth forecast range of 4-to-5%.

But there are formidable headwinds moving forward.

The government’s outstanding debt as of end-March 2022 totaled ₱12.679 trillion, a record high, as the government continued its borrowings to boost the state’s war chest for COVID-19 recovery measures coupled with a weaker local currency during the period.

As a result, Bureau of Treasury (BTr) data showed that as of end-March, the country’s debt-to-GDP ratio stood at 63.5%, which is well over the internationally recommended threshold of 60%. This is the highest debt-to-GDP ratio since 2005 when it hit 65.7% during the Arroyo administration.

The Bangko Sentral ng Pilipinas (BSP) is likely to hike its benchmark policy rate by as much as 75 bps this year on account of rising inflation and to reduce currency risks following the US Federal Reserve’s tightening.

SEC FILINGS 2021

  • 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
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