C03836-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
May 15, 2023
2. SEC Identification Number
60566
3. BIR Tax Identification No.
004-504-281-000
4. Exact name of issuer as specified in its charter
CENTURY PROPERTIES GROUP INC.
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
35th Floor Century Diamond Tower, Century City, Kalayaan Avenue, Makati City Postal Code 1200
8. Issuer's telephone number, including area code
632-7-7938905
9. Former name or former address, if changed since last report
n/a
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 11,599,600,690
Preferred 30,000,000
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Century Properties Group, Inc.CPG

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

CENTURY PROPERTIES’ REVENUES RISE BY 28%
Background/Description of the Disclosure

Century Properties Group (CPG) reported its consolidated revenues for the first quarter of 2023 which grew by 28% to P3.3 billion from P2.6 billion in the same period of 2022. Its net income also increased 21% year-on-year to P302 million.
With the acceleration of domestic and global economic activities and the reopening of most businesses, CPG’s business segments have shown stability and continuous recovery. CPG’s First-Home Market Residential Developments segment contributed P1.6 billion or 48% to its total revenues. This segment’s contribution remarkably increased by 33% year-on-year. The Company also generated a 45% growth in revenues from its Commercial Leasing segment amounting to P312 million.
“The sustained good performance of our first-home market business segment reflects well the strong market appetite for quality, strategically located, and affordable homes, which serves not only every Filipino’s aspiration but also helps address the big housing backlog that our government is also prioritizing,” said CPG Executive Chairman, Amb. Jose E. B. Antonio. “We remain bullish in terms of business expansion and implementation of our strategic plans for this segment which, in the process, create value for our stakeholders and support our government’s efforts towards nation-building”, Antonio further said.
In recent months, CPG announced the expansion of its First-Home Market’s product to also offer socialized, economic, and mid-income high-quality residential projects, in addition to its affordable housing products.
“We recently launched new projects, including Phirst Sights Bay Laguna, Phirst Editions Batulao Batangas, and Phirst Centrale in Hermosa Bataan, and as we roll out more projects and new product lines North and South of NCR, we will continue to take opportunities to go on a nationwide scale which will be our ultimate goal to further accelerate growth”, said Marco Antonio, CPG President and CEO.
The Company adheres to sound debt management and prudent financial controls. CPG redeemed its P3 billion fixed-rate retail bonds on April 15, 2022. The Company has also announced that it will fully redeem its P3 billion Preferred Shares (CPGP) on July 10, 2023. “Our balance sheet management objective of keeping our financial indicators at healthy levels will provide enough buffer for our expansion, opportunistic acquisitions, and even consolidation,” said CPG Chief Finance Officer and Treasurer, Ponciano S. Carreon, Jr.#
Any forward-looking statements contained in the press release are based upon what management of the Company believes are reasonable assumptions. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes to update such forward-looking statements if circumstances or management’s estimates or opinions should change.
Other Relevant Information

Please see attached
Filed on behalf by:
Name Isabelita Sales
Designation Head of Legal Services and Corporate Affairs, Chief Information and Chief Compliance Officer