Rockwell Land Corporation Reported P3.4 Billion in Consolidated Net Income After Tax for FY2023

​Rockwell Land Corporation ended the year 2023 with a consolidated net income after tax of P3.4 billion. It is a 31% increase from previous year and has surpassed pre-pandemic level. P3.1 billion is attributable to Parent company.

At the end of 2023, the real estate developer claimed P18.5 billion in sales from both their residential and commercial ventures. With the strong market reception of Edades West in Makati and expansion projects in important provincial sites like Lincoln at the IPI Center in Cebu, Cluster 5 of Rockwell South at Carmelray in Canlubang, and Phase 5 of Terreno South in Batangas, residential development revenue increased by 18% to P14.4 billion. Reservation sales reached P20.3 billion.

Notably rising are retail revenues as well, which reached P2.2 billion in 2023—a 27% increase over the previous year—thanks to improvements in rental rates and occupancy as well as the introduction of new retail locations.

From its flagship in Makati City, Rockwell has expanded to other parts of the Visayas and Central and Southern Luzon. This year, the developer plans to introduce new projects in strategic provinces situated south of the Metro, so expanding its reach and broadening its range of offerings.

The real estate market is still forward-thinking, and Rockwell Land is encouraged by its encouraging results from the prior year.

​The Rockwell Land story began in 1995 with the transformation of an unused thermal power plant into a thriving, self-sustained community. Now known as the Rockwell Center, this flagship development was the first of several exceptional communities, which serve as the benchmark for living, leisure and business.

As a member of the Lopez Group of Companies, Rockwell Land continues to raise the standard for living spaces by creating a community that seamlessly blends residences, work spaces and lifestyle hubs. All of these are made with the Rockwell signature of innovation, exclusivity and unparalleled quality.