| THE AYALA WAY

Vol 6 No 41

“While we are proud that the company has made significant strides over the decades, we know that the best is yet to come. With several initiatives in our pipeline, and dynamic talents leading and utilizing resources to bring these to life, you can all expect to see an Ayala Land that will delight and excite all who interact with the spaces that we are crafting.”

JAIME AUGUSTO ZOBEL DE AYALA
ALI Chairman

DO WHAT’S RIGHT · INSPIRE EXCELLENCE

Creating Exceptional Experiences in Every Space

With disciplined execution and the ability to adapt to evolving market conditions, Ayala Land delivered strong results in 2024, with record-high total revenues of P180.7 billion, a 21 percent increase from the previous year, and net income of P28.2 billion, up 15 percent.

Emphasizing the company’s commitment to keeping communities relevant and valuable, ALI President and CEO Anna Ma. Margarita “Meean” Dy reported major infrastructure investments including the Ayala Greenfield South Luzon Expressway Interchange in Laguna, and the Taguig City Integrated Terminal Exchange in Arca South. She also introduced Laurean, envisioned to be an urban sanctuary in Makati that will include resort-like amenities, wellness facilities, and lounge areas.

Arturo Corpuz, Delfin Lazaro, and Jaime Z. Urquijo were appointed as independent advisors to the ALI board of directors.

Reflecting its resilience amid global market instability and supply chain disruptions, ALLHC achieved notable growth in 2024, with a 48 percent increase in revenues to P5.2 billion and a 10 percent increase in net income to P701 million from industrial lot sales and steady leasing business performance.

Expansion efforts included the completion of new warehouse facilities and enhancing cold storage capacity. A-FLOW is set to address the rising demand for digital infrastructure with 6 MW of capacity available for service this year. ALLHC also continues to push toward the Ayala group’s carbon neutrality goal, with 90 percent of its energy now sourced from renewables.

“As we forge ahead in 2025, we remain committed to energizing more industrial communities to support regional development,” said president and CEO Robert Lao.

Emilio Lolito Tumbocon and Agustin Montilla IV were elected to the ALLHC board, in place of Rex Ma. Mendoza and Jessie Cabaluna.

Finally, AREIT President and CEO Jose Eduardo Quimpo II delivered his and Dy’s joint message to shareholders, reporting company revenues of P10.3 billion and EBITDA of P7.5 billion, which reflected year-on-year growth of 44 percent and 49 percent, respectively. AREIT’s net income excluding the net fair value changes in investment properties reached P7.4 billion, up 49 percent from 2023.

Backed by parent Ayala Land, AREIT acquired Seda Lio in El Nido, Palawan; Ayala Triangle Gardens Tower 2; Greenbelt 3 and 5; Holiday Inn and Suites, and Seda Hotel in Ayala Center Cebu. AREIT also acquired an industrial land parcel in Palauig, Zambales from ACEN unit Buendia Christiana Holdings Corp. As a result of these infusions, AREIT’s fourth-quarter dividends increased to P0.58 per share from P0.55 the year prior, reflecting the impact of the accretive nature of asset acquisitions. AREIT delivered a total shareholder return of 20 percent for the year 2024.

The AREIT board thanked former president and CEO Carol Mills for her pioneering leadership of the country’s first and largest real estate investment trust company.