DOUBLEDRAGON Corp. has completed its 5-hectare CentralHub warehouse complex in Cebu, pushing its total completed recurring revenue gross floor area (GFA) to 1.5 million square meters across the country.
In a disclosure on Friday, the company said the just finished CentralHub Cebu facility was already fully pre-leased, helping expand its industrial warehouse footprint under CentralHub Industrial Centers Inc., a joint venture with Jollibee Foods Corp.
The project is part of the company’s plan to establish a P24.8-billion leasing portfolio and launch the country’s first-ever industrial real estate investment trust.
“DoubleDragon hits a milestone of 1.5 million GFA of completed recurring revenue hard asset portfolio with the completion of the fully pre-leased 5-hectare CentralHub warehouse complex in Cebu,” the company said.
Its current CentralHub portfolio in Laguna includes the largest commissary and distribution center of the Jollibee group.
Its nationwide portfolio, meanwhile, includes community malls, office towers, hotels and logistics hubs in key areas in Luzon, the Visayas and Mindanao.
DoubleDragon reported total equity of P102.1 billion as of the end of March, making it one of the few Philippine companies to surpass the P100-billion equity mark.
Its net debt-to-equity ratio was said to be at 0.76x and one of the lowest among listed firms in the country.
DoubleDragon also highlighted the recent Nasdaq listing of its subsidiary, Hotel101 Global, the first-ever Filipino-owned company to trade on the said US exchange.
It added that the Nasdaq listing marked the beginning of the company’s vision to roll out one million Hotel101 rooms across 100 countries.
DoubleDragon reported a consolidated net income of P2.05 billion for the first three months of 2025, up by 245 percent compared to the P592.92 million recorded a year earlier.
Consolidated revenues surged 117 percent to P4.45 billion, driven mainly by a 69-percent increase in unit sales from its Hotel101 projects overseas.
DoubleDragon shares on Friday rose 14 centavos, or 1.28 percent, to close at P11.04 each.
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