Ayala Land posts strong profit in first quarter

Ayala Land (ALI) reported a 10% increase in first-quarter net income to P6.9 billion, driven by strong property development sales and stable leasing performance.

Consolidated revenues for the first three months of 2025 rose 6% year-on-year to P43.6 billion.

Property development revenues increased by 11% to P27.8 billion, supported by robust sales of premium residential properties and commercial and industrial lots. Residential revenues grew 3% to P22 billion, while commercial and industrial lot revenues more than doubled to P5.7 billion due to strong sales at Arca South in Taguig City.

Reservation sales climbed 4% year-on-year to P36.2 billion. Sales take-up of premium residential projects rose 4% to P20.7 billion, and commercial and industrial lot take-up more than tripled to P4.9 billion . The company noted that these gains offset a decline in reservation sales of its core residential segment, which contributed P10.5 billion to total sales.

ALI launched four new projects valued at P12.6 billion in the first quarter, all located outside Metro Manila, with 90% in the premium segment. These include AyalaLand Premier’s Virendo in Toril, Davao, and new phases of Ayala Westgrove Heights and Amaia Scapes Gen. Trias in Cavite.

Leasing revenues saw a 7% increase to P11.6 billion, supported by stable occupancy rates and lease escalations. Shopping center revenues grew by 4% to P5.7 billion, while office revenues also rose by 4% to 2.9 billion pesos. Hotel and resort revenues expanded by 10% to 2.6 billion pesos, driven by higher occupancy and room rates despite temporary hotel closures for renovations.

Revenues from the company’s industrial real estate portfolio reached 357 million pesos, a 60% increase from the previous year, supported by AREIT’s industrial land holdings and newly opened cold storage facilities.

"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," said ALI president and chief executive Anna Ma. Margarita Bautista-Dy. "We are energized with what lies ahead and continue to deliver sustainable long-term value for all our stakeholders."