Friday, February 9, 2018

Global-Estate Resorts, Inc. (GERI)

This posting may contain out of date contents.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
Global-Estate Resorts, Inc. (GERI)
Sector
Property
Incorporation Date
May 18, 1994
Subsector
Property
Number of employees
672 (Group Total)
Board of Directors
Chairman: Andrew L. Tan
Website / E-mail
http://www.global-estate.ph / legal@global-estate.ph
2. Stock Information
Total Assets
45,478,112,659
Market Capitalization
14,940,960,000.00
Total Liabilities
16,663,754,604
Outstanding Shares
10,986,000,000
Retained Earnings
8,044,254,398
Listed Shares
10,986,000,000
Listing Date
Nov 23, 1995
Issued Shares
10,986,000,000
Board Lot
1,000
Free Float Level (%)
17.65%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
MEGAWORLD CORPORATION.
PCD NOMINEE CORPORATION (FILIPINO)
80.64%
15.66%
4. Company Descriptions and Business Development
Notes
1. Related companies: AGI, MEG,GERI and ELI, SUN, RWM, EMP
Overview
AGI acquired Fil-Estate Land, Inc. and changed the name into GERI. Later it was consolidated under MEG. The Company’s key developments include Boracay Newcoast in Malay, Aklan; Twin Lakes in Laurel, Batangas; Sta. Barbara heights in Iloilo, Southwoods City in Laguna and Cavite; and Alabang West in Las Pinas, Metro Manila. It has a landbank of approximately 2,600 hectares.


Business
Revenue contribution in 2016 (in million pesos)
Real Estate
Rental
Hotel Operation
Service
Corporate and Others
4,759
105
353
108
216
86%
2%
6%
2%
4%
Its revenues amounted to Php5.7 billion and net income amounted to Php1.08 billion in 2016.

Subsidiaries / Associates / Affiliates / Joint Ventures
Twin Lakes Corp.
Oceanfront Properties, Inc
Southwoods Mall, Inc
Fil-Estate Urban Development Corp
Fil-Estate Properties, Inc(FEPI) holds 30% of Boracay Newcoast Hotel Group, Inc.

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