DM Wenceslao & Associates' (PSE:DMW) net income amounted to 936 million Philippine pesos in the first half of 2025, driven by solid leasing operations.
The real estate developer's recurring revenues, which consist of rentals from land, buildings, and other assets, increased 9% annually to $ 1.7 billion, representing 90% of total revenues.
Meanwhile, residential revenues totaled 178 million pesos, according to a filing made on Friday with the Philippine Stock Exchange.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.