Ayala Land Inc. is being dropped from the MSCI Philippines Standard Index, dealing another blow to one of the country’s biggest property developers after a stock selloff this year.
Ayala Land Inc. saw earnings growth lose momentum in the first half of 2026, with net income dropping 19 percent to P11.5 billion from P14.2 billion a year earlier as overall revenues contracted despite stronger recurring-income businesses.
Ayala Land Inc. and Eton Properties are entering the next phase of their Parklinks township, betting a 69,000-square-meter shopping mall opening in 2027 will transform the estate into a major commercial hub along Metro Manila’s eastern corridor.
Ayala Land shares surged 5.72 percent on Friday as parent Ayala Corp. disclosed another purchase of the property developer’s stock, reinforcing the conglomerate’s conviction that its listed subsidiary remains undervalued despite a recent rebound.
Ayala Corp., the country’s oldest conglomerate, is diverting part of its investment budget to buy shares in Ayala Land, whose stock has come under pressure amid slowing growth.
Ayala Land is stepping up investment in its Lio Estate in El Nido as it positions the project to capture growing demand for longer stays, second homes and lifestyle-driven travel.
Ayala Land’s premium condominium sales rose 29 percent in the first five months of 2026, suggesting demand for high-end projects in Metro Manila remained firm even as the property giant grappled with weaker first-quarter results.