The company purchased 7.5 million shares worth about P105 million at prices ranging from P13.96 to P14.04 apiece, marking its first disclosed buyback since April 20, a regulatory filing on Friday showed.
The buyback is tool used to support the company’s stock price, which has slumped nearly 37 percent since the start of 2026 amid concerns over its growth prospects.
At the current price of P14.10 per share, Ayala Land is trading well below its book value of P27.23, reflecting continued caution among investors toward the property sector.
The purchases form part of a P10-billion repurchase program approved on April 1 after Ayala Land completed a separate multi-year P28-billion buyback plan in February that retired more than 1.1 billion shares.
Ayala Land has so far acquired 39.14 million shares under the new program.
The renewed buying comes after Ayala Land reported a tougher start to 2026, with first-quarter net income falling 23 percent to P5.4 billion and revenues declining 14 percent.
The property giant earlier acknowledged a tougher market as high interest rates make borrowing more expensive and dampen demand for property, while investors continue to watch its debt levels closely.
—Edited by Miguel R. Camus
