MANILA, Philippines — Resilient property development bookings and healthy leasing operations buoyed the earnings of property giant Ayala Land Inc. (ALI) to a double-digit growth in the first quarter.
ALI reported a net income of P6.9 billion from January to March, 10 percent higher than last year, as revenues improved by six percent year-on-year to P43.6 billion.
“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.
“We are energized with what lies ahead and continue to deliver sustainable long-term value for all our stakeholders,” she said.
Revenues from property development rose by 11 percent to P27.8 billion during the three-month period, driven by contributions across premium residential offerings and commercial and industrial lots for sale.
Residential revenues reached P22 billion, up by three percent year-on-year due to the resilience of the premium segment.
Commercial and industrial lot revenues, meanwhile, more than doubled to P5.7 billion as a result of strong sales at Arca South in Taguig City.
Property development reservation sales improved by four percent year-on-year to P36.2 billion, led by premium residential sales and take-up for commercial and industrial lots.
ALI said the strength of these segments cushioned the contraction in the core residential segment, which contributed P10.5 billion to total sales.
During the first quarter, the company launched four projects worth P12.6 billion, all located outside Metro Manila and with 90 percent from the premium segment.
With reinventions across flagship malls and hospitality assets in full swing, ALI’s easing revenues jumped by seven percent to P11.6 billion on stable occupancy and lease escalation.
Shopping center revenues grew by four percent to P5.7 billion on the back of growing contributions of core and emerging malls, while office revenues saw a four percent improvement to P2.9 billion with lease escalation and sustained better-than-industry occupancy levels.