CLI’s Consolidated Net Income soared by an impressive 29% year-on-year, reaching PHP 4.64 billion, accompanied by a substantial 20% growth in Consolidated Revenue, totaling PHP 18.8 billion. These figures show CLI’s dedication to excellence and its relentless pursuit of maximizing shareholder returns.
The company’s success is not merely confined to financial metrics but is also evident in its strategic initiatives and investments. With a keen focus on capital projects and pipeline expansions into new territories, CLI is poised for sustained growth and success. Furthermore, the establishment of the Cebu Landmasters Foundation, Inc. reflects CLI’s commitment to community development and social responsibility.
CLI’s footprint in the real estate market extends far beyond its home base, with strategic investments earmarked for expansion areas in Butuan, Gensan, and Luzon. This forward-looking approach is a testament to CLI’s vision of being at the forefront of the industry, catering to diverse markets and driving economic development across the Philippines.
At the heart of CLI’s success lies its ability to deliver value to its shareholders while meeting the evolving needs of the market. Since its initial public offering (IPO), CLI has distributed PHP 2.5 billion in dividends, with an additional PHP 0.18 per share declared and paid in the latest fiscal year. Such consistent returns reflect CLI’s resilience and agility in navigating challenges and seizing opportunities.
During the company’s annual stockholders meeting, CLI Chairman and CEO, Jose Soberano III, highlighted the company’s remarkable journey from humble beginnings to becoming a market leader with 119 projects nationwide. Under his leadership, CLI has achieved a remarkable 24% compound annual growth rate (CAGR) in net income over the past seven years, proof of its strategic vision and operational excellence.
CLI’s commitment to innovation and market leadership was further demonstrated in 2023 with the launch of ten projects valued at PHP 18.7 billion. Among these, the introduction of the Mirani brand catered to the affordable housing segment, reflecting CLI’s inclusive approach to real estate development. The company’s stellar sales performance, totaling PHP 20.6 billion in reservation sales, reaffirms its strong market presence and customer trust.
In addition to its core real estate business, CLI expanded its hospitality portfolio, opening three hotels and embarking on six more hotel projects. This diversification strategy not only enhances CLI’s revenue streams but also contributes to the growth of the tourism industry, thereby strengthening the company’s position in the market.
CLI’s recent follow-on offering of preferred shares, which raised over PHP 4.28 billion, emphasizes investor confidence in the company’s growth prospects and strategic direction. Moreover, the landmark partnership with Japanese conglomerate NTT through CLI NUD Ventures Inc. signifies CLI’s commitment to international standards and best practices in its developments.
Central to CLI’s corporate ethos is its dedication to community-building initiatives through the Cebu Landmasters Foundation, Inc. (CLFI). Through CLFI, CLI extends support to informal settlers and farmer beneficiaries, addressing housing backlog and fostering sustainable livelihood opportunities. Such initiatives exemplify CLI’s holistic approach to real estate development, integrating social responsibility with business success.
Looking ahead, CLI remains steadfast in its commitment to sustainable growth and development, forging stronger partnerships with local communities and stakeholders. With a strategic focus on project development and completion, coupled with substantial investments in expansion areas, CLI continues its upward trajectory, shaping the future of Philippine real estate.
CLI’s strong financial performance, strategic investments, and commitment to community development mark its leadership in the Philippine real estate market. As it embarks on its next phase of growth and expansion, CLI remains dedicated to delivering value to its shareholders, customers, and communities alike, solidifying its position as a pioneering force in the industry.
