REAL estate firm Areit Inc. will likely sustain its growth due to strong revenues from its portfolio of office, retail and hotel properties, Maybank Securities Inc. said on Friday.
AYALA-LED AREIT Inc. said Thursday that the Securities and Exchange Commission (SEC) had approved a P22.5-billion property-for-share swap with Ayala Land Inc. (ALI) and two of the latter s subsidiaries.
REAL estate company AREIT Inc. recorded a net income of P2.04 billion in the first six months of 2023, 27 percent higher year on year (YoY), excluding the net fair value change in investment properties. AREIT s consolidated revenues grew 26 percent YoY to P2.97 billion, while its earnings before interest, taxes, depreciation, and amortization rose 23 percent to P2.1 billion.
REAL estate company AREIT Inc. recorded a net income of P2.04 billion in the first six months of 2023, 27 percent higher year on year (YoY), excluding the net fair value change in investment properties.