AREIT 2023 Income Up 43% to P4.9B; Declares 4Q23 Dividends of P0.55/share
February 29, 2024February 19, 2024 – AREIT, Inc. (AREIT), the first Philippine REIT, posted total revenues of P7.14 billion and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of P5.04 billion, 41% and 39% higher year-on-year respectively, on account of stable operations and consistent asset infusions. Net income registered at P4.93 billion, 43% higher year-on-year, excluding the net fair value change in investment properties. AREIT's properties recorded a 97% average occupancy at the end of the year, higher than the industry.
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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.
Capitalizing on Cavite’s Growth: Avida Land Breaks Ground on Sentria Storeys Vermosa
March 6, 2025Cavite, Philippines – February 22, 2025 – Avida Land, the mid-income residential brand of Ayala Land, has officially begun construction of Tower 1 of Sentria Storeys Vermosa, a 15-story building marking a significant milestone in its expansion within Cavite’s thriving property sector. Set for completion in August 2028, the mid-rise condominium is poised to cater to the growing demand and evolving homeowner preferences for suburban living. Strategic infrastructure investments, such as the Cavite-Laguna Expressway (CALAX) and the Bataan-Cavite Interlink Bridge, are fueling growth in Cavite's property market, as it improves the province’s connectivity and accessibility.