SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Mar 31, 2017

2. SEC Identification Number

112978

3. BIR Tax Identification No.

000-263-366

4. Exact name of issuer as specified in its charter

PHILIPPINE ESTATES CORPORATION

5. Province, country or other jurisdiction of incorporation or organization

METRO MANILA, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

35FLR, ONE CORPORATE CENTER, JULIA VARGAS COR MERALCO AVE, ORTIGAS CENTER, PASIG CITY Postal Code 1600

8. Issuer's telephone number, including area code

(632) 637-3112

9. Former name or former address, and former fiscal year, 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 SHARES	1,445,549,830

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

PHILIPPINE STOCK EXCHANGE - COMMON SHARES

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

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.

Philippine Estates CorporationPHES

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Mar 31, 2017
Currency (indicate units, if applicable)	PHP

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2017	Dec 31, 2016
Current Assets	908,776,740	870,296,675
Total Assets	1,457,254,961	1,410,233,846
Current Liabilities	174,322,024	138,773,183
Total Liabilities	402,787,116	356,607,303
Retained Earnings/(Deficit)	-391,081,985	-391,923,287
Stockholders' Equity	1,054,467,844	1,053,626,543
Stockholders' Equity - Parent	1,052,334,347	1,051,493,046
Book Value per Share	0.73	0.72

Income Statement

	Current Year-To-Date	Previous Year-To-Date	Current Year (3 Months)	Previous Year (3 Months)
Operating Revenue	16,959,415	8,887,300	16,959,415	8,887,300
Other Revenue	482,567	312,823	482,567	312,823
Gross Revenue	17,441,982	9,200,123	17,441,982	9,200,123
Operating Expense	14,369,315	14,952,631	14,369,315	14,952,631
Other Expense	1,966,035	2,066,501	1,966,035	2,066,501
Gross Expense	16,335,350	17,019,132	16,335,350	17,019,132
Net Income/(Loss) Before Tax	1,106,632	-7,819,009	1,106,632	-7,819,009
Income Tax Expense	265,330	0	265,330	0
Net Income/(Loss) After Tax	841,302	-7,819,009	841,302	-7,819,009
Net Income Attributable to Parent Equity Holder	841,302	-7,819,009	841,302	-7,819,009
Earnings/(Loss) Per Share (Basic)	0	0	0	0
Earnings/(Loss) Per Share (Diluted)	0	0	0	0

Other Relevant Information
N/A