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.
Latest Updates
Laurean Residences: A New Chapter of Prestige Living in Makati
September 2, 2025Ayala Land Premier introduces Laurean Residences, a new beacon of modern luxury rising along Dela Rosa Street in Makati Central Business District. Conceived for a discerning niche within the luxury market, the development reimagines urban living as both sophisticated and connected—an address that resonates with the rhythm of the city while offering an intimate sanctuary at its heart.
IFC, Ayala Land Expand Sustainability Financing Partnerships to Advance Green and Resilient Buildings in the Philippines
August 29, 2025In a strategic move that underscores both sustainability and financial innovation, the International Finance Corporation (IFC) and Ayala Land, Inc. (ALI) are expanding their partnership to scale green and resilient buildings in the Philippines while supporting job creation. IFC is providing a second sustainability-linked loan (SLL) of up to PHP12.87 billion (US$225 million equivalent) to ALI, marking another milestone in sustainable finance in the real estate sector.
Artico Mandaue Completes Transition to 100% Renewable Energy
August 26, 2025AyalaLand Logistics Holdings Corp. (ALLHC), the industrial parks and real estate logistics arm of Ayala Land, Inc. (ALI), has successfully transitioned its Artico Mandaue cold storage facility to a 100% renewable energy source for its operations. It completed the shift on July 26, 2025, through its participation in the government’s Green Energy Option Program (GEOP).