Asset growth boosts AREIT profit to record P9.4B
AREIT, Inc., the real estate investment trust of Ayala Land, Inc., chalked up a record net income of P9.4 billion in 2025. This reflected strong contributions from newly acquired assets and the steady performance of its core portfolio.
In a statement on Friday, AREIT said that its net income rose 28 percent from its 2024 level of about P7.3 billion. This marked a record high since its listing in 2020.
Total revenues reached P13 billion, up 26 percent from the previous year.
Earnings before interest, taxes, depreciation and amortization climbed 27 percent to P9.5 billion.
Such growth rates were thanks to income contributions from properties acquired in 2025. These include Central Bloc Corporate Center 1 and 2, Ayala Malls Central Bloc and Seda Hotel Central Bloc in Cebu.
The firm also benefited from Ayala Malls Abreeza and Abreeza Corporate Center in Davao, as well as Ayala Malls Centrio and Centrio Corporate Center in Cagayan de Oro.
Complementing these were full-year contributions from assets acquired in 2024 and stable operations across its portfolio.
By the end of 2025, AREIT’s assets under management rose to P139.3 billion. This covers a diversified mix of office, retail, hotel and industrial properties.
The company’s portfolio maintained a high occupancy rate of 99 percent and a total gross leasable area of 4.3 million square meters (sq m). This includes 1.4 million sq m of building space.
To sustain its growth momentum, AREIT secured shareholder approval for a property-for-share swap with sponsor Ayala Land and its subsidiary Summerhill Commercial Ventures Corp.
This involved Ayala Center Cebu and Ayala Malls Feliz in a transaction valued at P19.5 billion.
Once completed, the transaction is expected to increase assets under AREIT’s management to P159 billion.
AREIT’s board also approved a cash dividend of P0.62 per share for the fourth quarter of 2025, payable on March 20 to shareholders on record as of March 5. This brought total dividends for the year to P2.41 per share, equivalent to P8.36 billion in cash payouts, up 31 percent from P6.38 billion in 2024.
AREIT president and CEO Alberto de Larrazabal said the company’s latest results underscore the strength of its portfolio and its disciplined approach to expansion.
“AREIT’s performance in 2025 reflects the strength and quality of our portfolio and our ability to execute growth in a disciplined manner,” Larrazabal said.
