Property developer Ayala Land Inc. (ALI) on Tuesday reported a 10-percent increase in net income to P6.9 billion in the first quarter of 2025, led by strong property development sales and stable leasing performance.
Consolidated revenues rose 6 percent year-on-year to P43.6 billion, ALI said in a disclosure to the stock exchange.
Property development revenues increased 11 percent to P27.8 billion, supported by strong sales of premium residential offerings and commercial and industrial lots.
Residential revenues grew 3 percent to P22 billion, while commercial and industrial lot revenues more than doubled to P5.7 billion on strong sales at Arca South in Taguig City.
Reservation sales rose 4 percent year-on-year to P36.2 billion. Sales take-up of premium residential project went up 4 percent to P20.7 billion, while commercial and industrial lot take-up more than tripled to P4.9 billion.
These gains helped offset a decline in reservation sales of core residential segment, which contributed P10.5 billion to total sales, the company said.
ALI launched four new projects worth P12.6 billion in the first three months of 2025. All these projects were located outside Metro Manila, with 90 percent from 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 grew 7 percent to P11.6 billion on the back of stable occupancy and lease escalations. Shopping center revenues increased 4 percent to P5.7 billion, while office revenues rose 4 percent to P2.9 billion.
Hotel and resort revenues expanded 10 percent to P2.6 billion, driven by higher occupancy and room rates, despite the temporary closure of some hotels for renovation.
Revenues from the company’s industrial real estate portfolio reached P357 million, a 60 percent 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,” she said.
