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
Anvaya Cove Recognized as Southeast Asia’s Best Golf Course
July 1, 2025Morong, Bataan — Anvaya Cove Golf & Sports Club has officially been recognized as the top golf course in Southeast Asia, earning the highest regional ranking in the prestigious Top 100 Golf Courses Asia list. The announcement marks a milestone for Philippine golf, with Anvaya Cove securing the 15th spot in Asia —surpassing renowned regional contenders such as Vietnam’s Hoiana Shores Club (16th) and Singapore’s Sentosa Golf Club Serapong Course (17th).
Ayala Land, Inc. acquires New World Hotel Makati Strengthening Its Hospitality Portfolio in Makati
June 30, 2025Makati City, June 30 —In a strategic move that strengthens its footprint in the country’s leading business hub, Ayala Land, Inc. (ALI) has acquired the New World Hotel Makati, a landmark property in the country’s leading financial and commercial hub.
Makati Just Got Greener: Meet the New Dela Rosa Gardens
June 26, 2025Makati may be the country’s financial and business capital, but it’s also fast becoming a model for sustainable urban living. The latest proof? The Dela Rosa Gardens—a new green space nestled in the heart of the Makati Central Business District that’s redefining what it means to live, work, and play in the city.