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GERI earnings fall 23% as pandemic locks down hotels

GLOBAL-ESTATE RESORTS, Inc. (GERI), the listed subsidiary of Megaworld Corp., posted a 23% drop in attributable profits to P296.84 million for the second quarter, as its hotels were closed during the pandemic-induced quarantine starting in mid-March.

GERI earnings rise 11% on sustained revenues

PROPERTY developer Global-Estate Resorts, Inc. (GERI) booked an 11% increase in earnings last year on sustained real estate sales and higher leasing revenues.

Megaworld unit expects P1-B sales from planned residential development

GLOBAL-ESTATE Resorts, Inc. (GERI) is embarking on a new residential project at the boundaries of Laguna and Cavite, which it expects will raise P1 billion in sales once completed.

GERI aims to double rental revenues this year

GLOBAL-ESTATE Resorts, Inc. (GERI) projects to book P1.4 billion in rental and hotel income this year, as it opens 10,000 square meters (sq.m.) of new leasable spaces.

Global-Estate Resorts grows income by 41%

GLOBAL-ESTATE Resorts, Inc. (GERI) reported a 41% growth in its net income attributable to parent during the first quarter of 2019 driven by higher rental income and hotel operations, and sustained sales of its residential projects.

GERI eyes P900M from 4th Twin Lakes condo

GLOBAL-ESTATE Resorts, Inc. (GERI) is expecting to generate P900 million from its fourth residential condominium within the 1,200-hectare Twin Lakes in Laurel, Batangas.

GERI rolls out 2nd tower of Tulip Gardens

GLOBAL-ESTATE Resorts, Inc. (GERI) is rolling out the second tower of its residential condominium Tulip Gardens at its Laguna township, which is expected to generate P1.3 billion in sales.

Rental revenues drive GERI income 8% higher in Q3

GLOBAL-ESTATE Resorts, Inc. (GERI) grew its attributable profit by eight percent in the third quarter of 2018, as rental income more than tripled during the period.

Rental revenues boost GERI’s first-half profit

GLOBAL-ESTATE Resorts, Inc. (GERI) posted an 18% attributable profit growth during the first six months of 2018, driven by a surge in rental revenues after it opened its first full-scale mall in Laguna.

GERI earnings up 18% in first half

Global-Estate Resorts, Inc. (GERI) posted an 18% attributable profit growth during the first six months of 2018, driven by a surge in rental revenues...

GERI expects P1.2 billion in sales from residential condo in Laguna

GLOBAL-ESTATE Resorts, Inc. (GERI) expects to generate P1.2 billion in sales from its newly launched residential property in Southwoods City in Laguna, following the strong take-up for its first project in the estate.

GERI to open Twin Lakes hotel by yearend

GLOBAL-ESTATE Resorts, Inc. (GERI) on Thursday said it is on track to open the P1.5-billion Twin Lakes Hotel near Tagaytay by the end of the year.

GERI to open P1.5-billion Tagaytay hotel by end of this year

Global-Estate Resorts, Inc. (GERI) is on track to open the P1.5-billion Twin Lakes Hotel in Tagaytay by the end of this year, it said...

GERI eyes P8 billion in sales from Ortigas condo

GLOBAL-ESTATE Resorts, Inc. (GERI) is aiming to generate P8 billion in sales from its fifth residential condominium in Ortigas Center, banking on its proximity to educational institutions and key business districts.

GERI sees robust take up in Alabang township

Global Estate Resorts, Inc. (GERI) reported a robust take-up of residential lots in its Alabang West Village township, riding on the development of more...

GERI investing P8B in Hamptons-inspired project

GLOBAL-ESTATE Resorts, Inc. (GERI) is pouring in P8 billion for the development of its second integrated lifestyle community in Laguna over the next 10...

GERI’s 9-month earnings surge 70% to P1.13 billion

GLOBAL-ESTATE Resorts, Inc. (GERI) grew its earnings attributable to the parent by 70% in the first nine months of 2017, driven by the strength...