Revenues rose 6 percent to P43.6 billion, supported by steady property sales, robust leasing activity, and growth in hotel and logistics income.
Demand for high-end residential units remained solid, helping offset slower sales in the mid-market segment.
Management’s view
“As we close the first quarter of 2025, I am pleased to share that Ayala Land remains firmly on track—guided by discipline, resilience, and long-term perspective—even as we navigate today’s complex macroeconomic landscape,” ALI president and CEO Anna Ma. Margarita Bautista-Dy said in a stock exchange filing on Tuesday.
“We are energized with what lies ahead and continue to deliver sustainable long-term value for all our stakeholders,” she added.
Premium sales climb
Residential revenues rose to P22 billion, led by strong demand for upscale homes and condos. Commercial and industrial lot sales more than doubled to P5.7 billion, thanks to solid take-up at Arca South in Taguig.
Reservation sales increased 4 percent to P36.2 billion, showing buyer confidence in new and upcoming launches.
Leasing, hospitality rise
Revenues from malls, offices, and hotels grew 7 percent to P11.6 billion.
Shopping centers and office spaces each posted 4 percent growth on higher occupancy and lease rates.
Hotel and resort income climbed 10 percent to P2.6 billion, while warehouse and cold storage revenues surged 60 percent.
ALI spent P20.6 billion in the first quarter on homebuilding, estate development, and land acquisition. It also returned P8 billion to shareholders via dividends and buybacks, or 28 percent of its 2024 net income.
