DoubleDragon...

square meters GFA of completed recurring income portfolio,” said DoubleDragon Chairman Edgar “Injap” Sia II.

The whole cycle coming

from zero leasable space, when DoubleDragon l isted in the Philippine Stock Exchange last April 2014, to over 120 hectares of fully constructed recurring income portfolio today was not a walk in the park, according to Sia, “and we are grateful for the support of all our stakeholders in

the past 7.5 years that enable our team to make that happen.”

“We see these 1.2 million completed square meters to like having 1.2 million of real estate seeds planted in prime strategic areas spread out across the country. This string of prime hard assets should mature and

generate recurring revenues at different times, but we expect all of them to reach optimal recurring revenue generation before 2025, and to endlessly contribute sizeable recurring revenue cash flow to DoubleDragon,” added Sia.

Surviving a global pandemic is one thing, but DoubleDragon i s emerging f rom i t at a stronger position than ever before, said DoubleDragon Chief I nvestment Off i c er Hannah Yulo- Luccini.

“DoubleDragon has a low net debt to equity ratio of 0.62x, consolidated cash balance at P11.27 billion and will have no key long- term debt maturities until 2024. On top of that, in the last few years, we have seen the NAV of DoubleDragon further solidifying, its book value alone is already at P13.09 per common shareholder with total equity now standing at P69.3 billion,” added Yulo-Luccini./