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AREIT Inc., the listed pioneering real estate investment trust (REIT) of the Ayala Group, has obtained the green light from the Philippine Stock Exchange to list additional shares.
Ayala-sponsored AREIT Inc., the country’s first real estate investment trust, recorded an EBITDA of P2.4 billion last year, up 55 percent on the back of stable operations and occupancy rate.
AREIT, Inc. (AREIT), the first Philippine Real Estate Investment Trust, posted a net income of P2.43 billion last year, inclusive of a net fair value change in investment properties of P165 million. Excluding the net fair value change in investment properties, net income registered at P2.27 billion
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