ILOILO – DoubleDragon Properties Corporation has been added in the FTSE Global Equity Index Series (FTSE GEIS) Asia Pacific Ex Japan, Ex China on Sept. 20.
FTSE GEIS provides a robust global equity index framework and is used by many top equity investment fund managers globally. This indicates a notable recognition of the company in the international capital markets, thereby increasing DoubleDragon’s visibility among domestic and global investors.
“We are pleased to be included in one of the most reputable and recognized global equity indices in the world. This FTSE Global index inclusion will further inspire DoubleDragon to solidify the company’s fundamentals for the benefit of all its stakeholders,” said DoubleDragon chairman Edgar “Injap” Sia II.
“2021 is indeed a milestone year for DoubleDragon, as for the first time in its short history, DoubleDragon has significantly boosted both its cash and equity position with the recent P14.7 billion REIT listing and the P3.97 billion CentralHub equity partnership with Jollibee,” he added.
“Because of the anticipated challenges this pandemic has brought, the DoubleDragon team has put even more importance in strengthening DoubleDragon’s balance sheet. Total Equity at P61.03 billion is one of the highest among other listed companies of its incorporation age and profile. On the other hand, DoubleDragon’s Net Debt to Equity ratio is among the lowest and healthiest with Net D/E of only 0.58x,” according to DoubleDragon chief investment officer Hannah Yulo- Luccini.
DoubleDragon is set to end 2021 with 1.2 million square meters completed GFA and will make DD one of just a very few companies in the Philippines that owns a portfolio of prime and appreciating hard assets exceeding one million square meters or 10.76 million square feet of completed GFA./PN
