AREIT Inc. reported a 43 percent rise in net income to P2.1 billion in the first quarter of 2025, fueled by newly infused high-value commercial properties from Ayala Land and its subsidiaries.
AREIT Inc., the real estate investment trust arm of Ayala Land, is expanding its portfolio with a P21-billion infusion of commercial properties from Ayala Land Inc. and its subsidiaries.
Ayala Land, Inc. (ALI) has raised approximately P2.7 billion by selling 75 million shares of AREIT Inc. at P36.20 per share—a discount of about 8.6 percent—through a block sale.
Ayala Land-backed AREIT Inc. is acquiring a 275.9-hectare property in Zambales from energy affiliate ACEN Corp., as the group expands its real estate investment trust portfolio.
The Zobel family-led Ayala Land Inc will redeploy P2.7 billion in proceeds from the sale of AREIT shares toward the development of projects such as the new Bank of the Philippine Islands headquarters and the five-star Mandarin Oriental Hotel in Makati City.
AP Securities advised clients to keep Ayala Group’s AREIT Inc. on their radar, despite Ayala Land Inc.’s block sale deal at a modest discount to the market price.
Ayala Land Inc.’s P3.2 billion block sale of AREIT Inc. shares to institutional investors is positive for the developer’s real estate investment trust arm.