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Ayala Land generates P3.18B from block sale of AREIT shares

Ayala Land generates P3.18B from block sale of AREIT shares
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Exec: Areit can buck headwinds this year

Areit Inc., the real estate investment trust sponsored by Ayala Land Inc., said it wants to maintain its occupancy rate at 97 percent, despite the challenging office space environment. Company president Carol Mills said the company’s diversified asset base can cushion the company from the property leasing market’s headwinds. “Currently,… ....

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Ayala Land profit hits P24.5B

Ayala Land Inc. said its net income last year rose by 32 percent to P24.5 billion from the P18.61 billion recorded in 2022. Consolidated revenues went up by 18 percent to P148.85 billion from the previous year’s P126.55 billion. Property development revenues expanded by 14 percent to P92.3 billion, driven… ....

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