Long known as the premier developer of memorial parks in the Philippines, Forest Lake continues to uphold its commitment to compassionate care, innovative services and customer-centric core values – factors that continue to help the industry pioneer maintain its position in the death care industry to this day to keep. .
Established in 1997 with parks initially built in Zamboanga and Iloilo, Forest Lake now has 37 operational memorial parks across Luzon, Visayas and Mindanao.
Forest Lake subsequently showed consistent growth, with significant expansions between 2005 and 2015, doubling its network from 2016 to 2020 and launching eight new parks between 2021 and 2023. To top it all off, Forest Lake surpassed Php 3 billion in sales in 2023.
Dedicated to creating “A Better Place” for families to honor and celebrate the lives of their loved ones, Forest Lake continues to grow and set an example for developers across the country.
With the fort leading the way, Forest Lake’s total revenues reached Php 2.47 billion in 2023, surpassing 2022 revenues of Php 2.17 billion (representing a 12% increase), driven by increased demand for memorial plots , the introduction of new parks, improved collection efficiency, increased development investment and increased income from funeral services.
Sales revenue was boosted by an increase of 18.2%, from Php 1.73 billion to Php 2.04 billion, while funeral revenue grew 11%, from Php 190 million to Php 210 million.
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Likewise, pre-tax net income increased by 15% (from Php527.8 million in 2022 to Php607.2 million in 2023), with EBITDA increasing from Php608 million in 2022 to Php733.3 million in 2023, increasing profitability from 28% to Php 733.3 million in 2023. 30%.
In addition, the company’s assets increased by 20%, including a 51% increase in cash reserves and a 31% increase in sales receivables. Total equity also grew by 18%, supported by a 48% increase in subscribed capital and a 25% increase in unappropriated retained earnings.
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“Our core values reflect our status in the industry: personal service, value creation, teamwork, innovation and creativity, and professionalism,” said Alfred Xerez-Burgos III, president and CEO of Forest Lake Development Inc. “These values have always guided us in everything we do and have guided us to provide the best care to the families we serve.”
For nearly three decades, Forest Lake has had its “eyes on the prize,” with a mission to “provide accessible and affordable memorial parks and services, managed by a professional team committed to providing value, innovation and personalized service.” ‘ Meanwhile, the company’s vision is “to build a better place where generations of family memories are cherished, immortalized and celebrated by the living.”
With these guiding principles, Forest Lake continues to expand its services and meet the changing needs of its customers. It now offers an extensive range of products and services designed to provide a complete memorial experience. Lawn Lots are available in standard, premium and special premium options, with prices ranging from Php50,000 to Php250,000. Estate Lots, designed for above-ground burial, are priced between Php720,000 and Php3 million per block.
Forest Lake also offers a full range of burial and funeral services, including funeral arrangements, funeral arrangements and preparation, all of which provide a seamless experience for memorial lot buyers. Forest Lake’s ‘Libing Anywhere’ feature even gives customers the flexibility to use memorial sites at any Forest Lake park nationwide, while the ‘Libre Burol’ feature offers free funeral services at every funeral.
In October 2015, Forest Lake Biñan became Forest Lake’s first park to offer chapel services. There are currently chapels under construction in Iloilo, which will be completed this year. These services include body retrieval, preparation, boxing, use of a hearse and viewing chapel – all aimed at providing total memorial care.
Forest Lake’s parks are designed with convenience and aesthetics in mind, with manicured lawns, rock gardens, and Mediterranean-inspired gates and guardhouses. Other amenities include well-maintained toilets, high concrete perimeter and security walls, water sprinkler systems, drainage facilities, street and park lighting and 24-hour security.
“Our long-standing commitment to innovation and customer satisfaction has made us the industry leader we are today,” added Xerez-Burgos III. “We assure our current and future customers that we will continue this legacy and provide them with the highest standard of care.”
As Forest Lake celebrates its status in the industry, it invites everyone to connect and stay informed via Facebook and Instagram at @forestlakememorialparks.
For more than 27 years, Forest Lake has established itself as a leader in offering thoughtfully designed, family-friendly memorial parks in Luzon, Visayas and Mindanao. These parks are more than places of remembrance; they are vibrant spaces where families gather, connect and celebrate the memories of their loved ones.
As the leading developer of memorial parks in the Philippines, with more than 37 parks nationwide, Forest Lake aims to expand its offerings to include total memorial care services such as chapels, columbariums and cremations. This expansion underlines the company’s commitment to meeting the evolving needs of Filipino families.
Guided by its mission to create ‘A Better Place’, Forest Lake upholds values of innovation, creativity, teamwork, personal service, value creation and professionalism. The company integrates advanced technology to improve service and promote a seamless, personalized experience for every customer. Forest Lake’s collaborative approach ensures that each park is a testament to thoughtful design and professional excellence, delivering significant value to both customers and investors through low-risk, high-return opportunities.
The Forest Lake Memorial Parks headquarters are located on the third floor of the Alexcy One Building, 51 President’s Avenue, 1718, Parañaque City. For more information, email info@forestlakeparks.com or visit forestlakeparks.com. Follow Forest Lake on Facebook @ForestLakeMemorialParks and Instagram @forestlakememorialparks.
Join Forest Lake in its vision to provide spaces where the memories of loved ones are celebrated and immortalized, and where families can create new, lasting memories together.
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