Announcement • Jul 24
Cityland Development Corporation announces Annual dividend, payable on September 11, 2026 Cityland Development Corporation announced Annual dividend of PHP 0.0326 per share payable on September 11, 2026, ex-date on August 14, 2026 and record date on August 17, 2026. Announcement • Jul 01
Cityland Development Corporation (PSE:CDC) completed the acquisition of an additional 19.35% stake in City & Land Developers, Incorporated (PSE:LAND). Cityland Development Corporation (PSE:CDC) agreed to acquire an additional 19.35% stake in City & Land Developers, Incorporated (PSE:LAND) for approximately PHP 160 million on August 26, 2025. As part of the acquisition, Cityland Development Corporation will acquire remaining 305.4 million shares in City & Land Developers, Incorporated. The consideration consists of issue of 1.39 billion ordinary shares of Cityland Development Corporation at a ratio of 0.88 per common equity of City & Land Developers, Incorporated. Upon completion, Cityland Development Corporation will own 100% stake in City & Land Developers, Incorporated. Cityland Development Corporation will continue its corporate existence under Philippine law, absorbing all of City & Land Developers, Incorporated’s assets, liabilities, rights, and privileges. Cityland Development Corporation, as the surviving corporation, will assume all existing obligations of City & Land Developers, Incorporated, thereby ensuring continuity and full protection for creditors and stakeholders. Operationally, Cityland Development Corporation will assume all ongoing projects and obligations of City & Land Developers, Incorporated, ensuring business continuity and full protection for creditors and stakeholders. The consolidation is expected to simplify decision-making, align strategic directions, and allow Cityland Development Corporation to focus on its core real estate development activities under a unified structure.
The transaction is subject to regulatory approvals, approval of offer by the shareholders of Cityland Development Corporation and City & Land Developers, Incorporated. The deal has been approved by the board of directors of Cityland Development Corporation and to increase the number of Board seats from 9 to 10. The plan of merger was approved by the stockholders of Cityland Development Corporation and City & Land Developers, Incorporated during their respective Special Stockholders’ Meetings held on October 9 and 10, 2025, respectively. On October 13, 2025 the Philippine Competition Commission issued a Letter of Non-Coverage, confirming that the proposed merger qualifies as an internal restructuring and it is not anticompetitive and has approved the transaction. The transaction is still subject to approval and execution of the Plan and Articles of Merger with the Securities and Exchange Commission and the company has yet to determine the timetable for the implementation of the merger, as it remains subject to corporate and regulatory approvals.
Cityland Development Corporation (PSE:CDC) completed the acquisition of an additional 19.35% stake in City & Land Developers, Incorporated (PSE:LAND) on July 1, 2026. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: ₱0.04 (vs ₱0.011 in 1Q 2025) First quarter 2026 results: EPS: ₱0.04 (up from ₱0.011 in 1Q 2025). Revenue: ₱786.0m (up 122% from 1Q 2025). Net income: ₱187.5m (up 199% from 1Q 2025). Profit margin: 24% (up from 18% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. 
