Blog
AREIT First Quarter Income Up 45% to P1.5B; Declares Highest Dividends Since IPO at P0.56/share
May 15, 2024May 14, 2024 – AREIT Inc., the first Philippine REIT, posted total revenues of P2.11 billion and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of P1.51 billion, 43% and 45% higher year-on-year, respectively. Net income registered at P1.47 billion, 45% higher year-on-year, excluding the net fair value change in investment properties. AREIT's overall occupancy remained high at 96%, better than industry.
Ayala Land and Mandarin Oriental Officials Visit New Mandarin Oriental Site on the Road to Opening in 2026
May 15, 2024Ayala Land, Inc. (ALI) and Mandarin Oriental Hotel Group (MOHG) have officially started the countdown to the storied hospitality brand’s return to Makati City, the commercial heart of the Philippines. Meean B. Dy, ALI President and CEO; Mariana Zobel de Ayala, ALI SVP, Leasing and Hospitality Head; George C. Aquino, President and CEO, Ayala Land Hotels and Resorts Corporation (AHRC); Christoph Mares, MOHG Chief Operating Officer; and James Mabbutt, MOHG Development Director visited the new site of the Mandarin Oriental Makati last April 22, 2024.
AyalaLand Logistics Holdings Corporation's Shift to Renewable Energy in Cold Storage Facilities
April 25, 2024Ayala Land's industrial parks & real estate logistics arm, AyalaLand Logistics Holdings Corporation (ALLHC), is making significant strides towards sustainable development by shifting its cold storage facilities to renewable energy sources.
MDC and Takenaka forms joint venture company
April 17, 2024Two leading design and construction companies, Makati Development Corporation (MDC) of the Philippines, and Takenaka Corporationof Japan, recently finalized an agreement to establish MDTK Corporation. A ceremonial launch event was held last March 21, 2024 in Makati City and was attended by top executives from Ayala Corporation, Ayala Land, Inc., MDC, and Takenaka.
AyalaLand Hotels and Resorts Becomes the First Hotel Group in the Philippines to Target Edge Zero Carbon Certification by 2026
April 17, 2024AyalaLand Hotels and Resorts Corp (AHRC) has signed an agreement with the International Finance Corporation (IFC) signifying its commitment to achieve EDGE Zero Carbon certification for 2,826 rooms in its hotel portfolio by 2026, a first for a hotel group in the Philippines.
MDC and Takenaka Forms Joint Venture Company
March 26, 2024Two leading design and construction companies, Makati Development Corporation (MDC) of the Philippines, and Takenaka Corporation of Japan, recently finalized an agreement to establish MDTK Corporation. A ceremonial launch event was held last March 21, 2024 in Makati City and was attended by top executives from Ayala Corporation, Ayala Land, Inc., MDC, and Takenaka.
Ayala Land Hotels and Resorts Becomes The First Hotel Group in the Philippines to Target Edge Zero Carbon Certification by 2026
March 19, 2024March 2024…..AyalaLand Hotels and Resorts Corp (AHRC) has signed an agreement with the International Finance Corporation (IFC) signifying its commitment to achieve EDGE Zero Carbon certification for 2,826 rooms in its hotel portfolio by 2026, a first for a hotel group in the Philippines.
ALI, SteelAsia, and MDC Form Strategic Alliance for Sustainable Construction
March 13, 202427 February 2024, Makati City — Ayala Land Inc. (ALI), SteelAsia Manufacturing and Makati Development Corporation (MDC) signed today a memorandum of understanding for a groundbreaking collaboration advancing circular economy and decarbonization methods in the construction industry.
Art Fair: “10 Days of Art: Art Walk by Ayala Land” Takes Over to Transform Makati
February 29, 2024Dive into a tapestry of public art installations, murals, performances and interactive experiences as Art Fair 2024 weave Makati even further into a canvas of creativity, connection, and community with “10 Days of Art: Art Walk by Ayala Land.”
Ayala Malls Embarks on A Transformative Era of Retail Experience As it Revitalizes Its Flagship Malls
February 29, 2024Makati City, Philippines, 15 February 2024 – Ayala Malls is gearing up to transform the customer retail experience with the redevelopment of its flagship malls this 2024.
ALI FY23 Net Income Up 32% to P24.5B
February 29, 2024Ayala Land Inc. (ALI) delivered strong results in 2023, fueled by robust property demand and heightened consumer activity.
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.