AREIT Inc., the listed real estate investment trust of the Ayala Group, posted a 28 percent growth in 2025 net profit to P9.4 billion, excluding fair value changes in investment properties, as newly acquired malls, offices and hotels began delivering steady rental income while its existing portfolio remained almost fully leased.
It said the strong bottom line reflected both expansion and stability, with fresh assets adding scale and a 99 percent occupancy rate preserving recurring cash flow.
Total revenues rose 26 percent to P13.0 billion, while earnings before interest, taxes, depreciation and amortization increased 27 percent to P9.5 billion.
The uplift was driven largely by income contributions from Central Bloc Corporate Center 1 and 2, Ayala Malls Central Bloc and Seda Hotel Central Bloc in Cebu, alongside Ayala Malls Abreeza and Abreeza Corporate Center in Davao, and Ayala Malls Centrio and Centrio Corporate Center in Cagayan de Oro. These were complemented by full year earnings from properties acquired in 2024.
Gross leasable area expanded to 4.3 million square meters, including 1.4 million square meters of building space, lifting assets under management to P139.3 billion across offices, retail, hotels and industrial land.
Shareholders have also approved a property for share swap involving Ayala Center Cebu and Ayala Malls Feliz valued at P19.5 billion. Once completed, assets under management are projected to reach P159 billion, strengthening AREIT’s foothold in key regional growth centers.
The board declared a fourth quarter cash dividend of P0.62 per share, bringing total dividends for 2025 to P2.41 per share, up 5.7 percent from 2024. Total cash dividends hit P8.36 billion, 31 percent higher year on year.
Sustainability remains part of the growth story, with 24 office buildings now EDGE Zero Carbon certified, positioning the REIT to attract environmentally conscious tenants while tapping into its sponsor’s certified asset pipeline.
