Araneta Properties, Inc. (ARA)

This article may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name	Araneta Properties, Inc. (ARA)
Sector	Property		Incorporation Date	Jun 15, 1988
Subsector	Property		Number of employees	57 (Group Total)
Board of Directors	Chairman: Gregorio Ma. Araneta III Other director: Santiago G. Araneta (LBC Express inc.)
Website / E-mail	http://www.aranetaproperties.com / ara@info.com.ph
2. Stock Information
Total Assets	2,106,254,322	Market Capitalization		4,683,330,168.00
Total Liabilities	337,245,145	Outstanding Shares		1,951,387,570
Retained Earnings	-379,649,487	Listed Shares		1,561,110,070
Listing Date	Nov 14, 1989	Issued Shares		1,951,387,570
Board Lot	1,000	Free Float Level (%)		24.42%
Par Value	1.00	Foreign Ownership Limit		40%
3. Major Stock Holders (common shares)
PCD NOMINEE CORPORATION (FILIPINO) CARMEL DEVELOPMENT, INC GAMMA PROPERTIES, INC OLONGAPO MABUHAY EXPRESS, CORP PCD NOMINEE CORPORATION (NON-FILIPINO)				43.88% 32.03% 08.71% 08.00% 05.42%
4. Company Descriptions and Business Development
Notes 1. Gregorio Ma. Araneta III is the chairman of Carmel Development Corp., Gamma holdings corporation. 2. Mr. Luis M. Araneta and Mr. Alfonso M. Araneta are the sons of Mr. Gregorio Ma. Araneta III. 3. Gregorio Ma. Araneta III is the chairman of Philweb(WEB, a list company) 4. Santiago Araneta of LBC Express (LBC, a listed company), Amado Araneta of (Araneta Group – Araneta center, pizza hut, Dairy Queen, Taco Bell) and Gregorio Araneta of ARA are from Araneta Clan.
Overview It was originally engaged in mining chrome ore. It still has smelting plant is located in a five-hectare land in Misamis Oriental. The land on which the smelting plant is built is only part of the 17.3 hectare of industrial/residential land. The facility is not operational as of now. During 2016, the total lots sold by the Company is Nine Hundred Nineteen Thousand Five Hundred Thirty Four (919,534) square meters of developed lots to Three Thousand Eight Hundred Four (4,572) buyers. In 2003, Araneta Properties signed a Joint Venture Agreement with Sta. Lucia Realty & Dev., to develop the company’s 236 hectare property. The project was launched in 2005 and the first phase is currently almost completed. Phase 2 is underway and Phase 3 is already being planned. As of 2016, it has 3.5 million square meters land bank, mostly located in San Jose Del Monte, for future development. Business Revenue contribution in 2016 Sale of real estate 134,877,756 100% Subsidiaries / Associates / Affiliates / Joint Ventures