Quick Glance: Vista Land and Lifescapes, Inc. (PSE: VLL)

Vista Land and Lifescapes, Inc. (VLL, the “Company”) has the following major subsidiaries: VLL1

Brittany, incorporated on May 29, 1984, caters to high-end market segment. Britanny’s project over the past three years includes Portofinao, Crosswinds, La Posada, Mosaic, and Avant.

CAPI, incorporated on August 31, 1995, offers house and lot packages to the middle market segment. Project of the CAPI for the past three years include Citta Italia, Maia Alta, and Ponticelli.

VRI, acquired from Polar Property on October 29, 2009 in exchange for 320 million treasury shares. VRI offers high-rise residential condominium projects across the Philippines.

CPI, offers low-cost house and lot packages outside Mega Manila. Projects of CPI in the past three years include Savannah in Iloilo, Plantacion Meridienne in Batangas, Solariega in Davao, Frontera in Cagayan de Oro, Azienda Milan in Cebu, and Wedgewoon in Pangasinan.

Details of the Company’s raw land inventory as of December 31, 2011 are the following:VLL2 VLL3

The good:

VLL is one of the less leveraged real estate companies in the Philippines:

VLL5

Evia property of Vista Land is situated near Daang hari. Below is the google earth screen shot:

Evia

The bad:

although the Company is one of the least levered real estate company, VLL has poor cash flows. The Company’s operating cash flows is not enough to cover its interest expenses:

VLL4

We can expect the Company to acquire more debt in the future as it pursues its growth plans.

Disclaimer: I do not claim to be an expert and nothing I say should be taken as a recommendation to buy or sell.

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One thought on “Quick Glance: Vista Land and Lifescapes, Inc. (PSE: VLL)

  1. Pingback: Opportunity, Stock Thoughts: VLL, ORE, COAL | Fundamental Enthusiast

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