DDMP REIT Inc., under DoubleDragon Corp., reported a 24.7% increase in net profit for the first quarter of 2026, reaching P3.88 billion.
Total revenues surged by 20.48% to P4.52 billion compared to P3.75 billion during the same quarter last year.
The company's strong performance is attributed to the continued activity in DoubleDragon Plaza, a key business district.
In addition to the profit increase, DDMPR announced cash dividends totaling P431.82 million, which equates to P0.024222 per share.
This dividend payout is an increase from the P402.33 million declared in the previous year.
The dividends are set for shareholders recorded as of May 19, with payments scheduled for May 29.
The company emphasized its "bulletproof hard asset base," noting that it owns both the land and Grade-A office buildings in its portfolio.
DDMPR also highlighted its debt-free status, claiming no liabilities on its balance sheet.
Furthermore, the firm noted its limited exposure to risks associated with AI disruptions in the office market, as it does not rely on large BPO or call center tenants.
The recently opened Department of Foreign Affairs headquarters near DoubleDragon Plaza is expected to enhance activity in the DoubleDragon Meridian Park complex in Pasay City.