ALI 1H23 net income up 41% to P11.4B; presales up 18%
April 22, 2022
AREIT, Inc. (AREIT), the first Real Estate Investment Trust (REIT) in the Philippines, secured the approval of its stockholders on its second property-for-share swap with its sponsor, Ayala Land, Inc. (ALI) during its Annual Stockholders’ Meeting held on April 21, 2022.
The transaction involves six Cebu-based office buildings with an aggregate value of P11,257,889,535.91, in exchange for 252,136,383 AREIT primary common shares at a price of P44.65 per share, as validated by a third-party fairness opinion. This new asset infusion will expand AREIT’s gross leasing area to 673 thousand square meters or P64 billion in Assets Under Management (AUM) in 2022 – a 113% increase since AREIT went public. This growth exceeds its target to double in size within two years from its IPO.
AREIT’s full-year dividends from its 2021 income totaled P1.77 per share, a 34% increase from 2020 and 12% higher than its REIT plan projection during the IPO. With this prospective infusion of Cebu assets, AREIT’s dividend per share is projected to increase further.
Latest Updates
Ayala Land and PNB Partnership: A Seamless Buying Experience for International Clients
March 21, 2025IN THE PHOTO L-R: Shiela Marie B. San Buenaventura, RBG Chief Finance Officer, Ayala Land, Inc. (ALI); Rufino Hermann S. Gutierrez, Senior Marketing Director, AyalaLand International Sales, Inc. (ALISI); Augusto D. Bengzon, Chief Finance Officer & Treasurer, ALI; Mariana Flores, Caculitan, First Senior Vice President, Philippine National Bank (PNB); Celeste V. Lim, First Senior Vice President, PNB; Allan L. Ang, First Senior Vice President, PNB
Avida Unveils Final Tower at Makati Southpoint Amid Strong Sale
March 13, 2025Makati City, Philippines – Avida Land, Ayala Land’s mid-market residential brand, launches the final tower of Avida Towers Makati Southpoint following the strong sales of its first two towers. This move underscores Makati’s enduring appeal as a prime residential and investment destination.
Ayala Land Relaunches Hospitality Brand, Betting Big on Filipino Tourism Growth
March 12, 2025Manila, Philippines | March 11, 2025 – As the Philippines positions itself for a tourism boom, Ayala Land Hospitality (ALH) is unveiling a bold new chapter in its hospitality business, relaunching its brand with a sharper focus on authentic Filipino experiences and aggressive expansion.