DISCLOSURES

LATEST DISCLOSURE

March 31, 2021

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

In the first half of 2021, Philippine Realty and Holdings Corporation (interchangeably referred to by its PSE trading symbol “RLT” or “Parent Company” or as the “RLT Group” or “Group”) enhanced and strengthened significantly its solvency and maintained a healthy and conservative liquidity position in response to, and to mitigate, its having incurred a consolidated net loss of ₱65.2 Million.

On 22 June 2021, the Parent Company issued 4,177,777,778 new common shares from the increase in its authorized capital stock (“ACS”) in favor of Greenhills Properties Inc. (“GPI”) in exchange for GPI’s infusion in favor of the Parent Company of two (2) very prime vacant lots located in Bonifacio Global City (“BGC”) as equity.

The BGC properties are more particularly described as follows: 1) Lot 1 Block 8 containing 1,600 sq.m. located at the corner of 6th Avenue and 24th Street; and 2) Lot 4 Block 8 also containing 1,600 sq.m. located at 6th Avenue corner 25th Street.

With the completion of the property-for-shares swap transaction, the increase in the Capital Stock of RLT (Issued Shares and Outstanding Shares) as well as the corresponding increase in the Parent Company’s Real Estate Inventories have been reflected in RLT’s first half financial records.

With the issuance of new shares in its favor, GPI now owns 5,933,556,844 shares in RLT, bringing its percentage ownership to 65.20% from 35.67%. This is a very clear manifestation of GPI’s continuing support of the Parent Company and faith in the future of the RLT Group.

Like most businesses, the RLT Group was negatively impacted by the continuing intermittent disruptions to business caused by the COVID-19 pandemic that also adversely affected the Philippine economy in the first quarter of 2021 when the first quarter economic growth was recorded at -3.9% (revised upward from the earlier reported -4.2%).

The Philippine economy grew 11.8% year-on-year in the second quarter, the country's statistics agency reported on 10 August 2021, marking the end of a pandemic-induced recession that spanned 15 months.

Industry and services registered positive growths of 20.8 percent and 9.6 percent, respectively, while Agriculture, forestry, and fishing posted a contraction of -0.1 percent in the second quarter of 2021.

The 2021 first half performance of the Philippine economy came about in spite of the renewed lockdowns starting April until May that caused consumer spending, business sentiment and overall economic activities to remain subdued. Due to the emergence of four (4) COVID variants in the country, the National Capital Region (“NCR”) and four surrounding provinces namely Bulacan, Cavite, Laguna, and Rizal were placed under a more restrictive General Community Quarantine (“GCQ”), the NCR Plus Bubble. And on 29 March 2021, the most restrictive form of lockdown, the Enhanced Community Quarantine (“ECQ”), was enforced which lasted until 11 April 2021. The NCR Plus was placed under Modified Enhanced Community Quarantine (“MECQ”) from 12 April until 14 May, and from 15 May until 14 June the NCR was transitioned to GCQ with heightened restrictions. This was further eased to GCQ with some restrictions from June 14 until July 15.

But the ongoing lockdown in the country's national capital region aimed at fighting the spread of the delta variant, which has pushed up daily COVID-19 infection numbers, could complicate the economic outlook for the second half of year.

SEC FILINGS 2021

  • 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 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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