Shang Properties Q3 net profit up 4.6% to P804.7 million on stronger residential sales and leasing income
Listed luxury developer Shang Properties, Inc. posted a 4.6% rise in attributable net income to P804.7 million for Q3 2026, driven by a 55.6% jump in residential sales and steady growth in leasing and hotel revenues. Consolidated revenue for the quarter climbed 27.9% to P3.41 billion.
Listed luxury property developer Shang Properties, Inc. reported a 4.6% increase in attributable net income to P804.7 million for the third quarter ended September 2026, up from P769.7 million a year earlier, as residential sales and recurring revenues grew. Consolidated revenue for the July-to-September period rose 27.9% to P3.41 billion from P2.67 billion, while net income after tax increased 5% to P949.4 million from P903.8 million, the company said in its quarterly financial disclosure to the Philippine Stock Exchange on Tuesday.
For the first nine months of 2026, attributable net income rose 5.5% to P2.67 billion from P2.53 billion in the same period last year. Consolidated revenue for the January-to-September period increased 16.8% to P9.34 billion from P7.99 billion, while net income after tax grew 5.2% to P3.15 billion from P3 billion.
Residential sales climbed 55.6% to P3.09 billion from P1.98 billion, mainly due to revenue recognition from ongoing developments including Shang Bauhinia Residences, Shang Summit, and Laya by Shang Properties. “Residential sales remained a major growth contributor during the period,” the company said.
Revenue from leasing and cinema operations increased 6.6% to P2.75 billion from P2.58 billion, covering operations at Shangri-La Plaza Mall, The Enterprise Center, and Assembly Grounds. Hotel revenue rose 2.1% to P3.49 billion from P3.42 billion, primarily driven by operations at Shangri-La The Fort, Manila.
Shang Properties generated P1.86 billion in net cash from operating activities during the nine-month period, up from P1.83 billion a year earlier. “The increase was primarily driven by higher collections from tenants and customers, partially offset by payments of construction-related payables,” the company said. As of end-September, total assets stood at P96.8 billion and total equity at P61.5 billion.
