Ayala Land Inc., one of the country’s largest property developer, reported first-quarter 2026 net income of P5.4 billion on revenues of P37.5 billion, as the property giant sharpened its focus on recurring income streams and disciplined capital deployment amid a more cautious operating environment.
“The current environment requires a more deliberate approach to how we deploy capital and manage our pipeline,” said president and CEO Anna Ma. Margarita Bautista-Dy, noting the company is reshaping its portfolio to strengthen stability across market cycles.
For 2026, Dy said the strategy centers on expanding leasing and hospitality, sustaining property development activity, and preserving balance sheet strength.
Property development revenues reached P20.3 billion, while sales reservations hit P28.2 billion, reflecting continued demand across segments.
The company is prioritizing execution, targeting the delivery of 13,000 residential units across 40 projects this year.
Leasing and hospitality revenues rose 9 percent to P12.6 billion, supported by improving occupancy and contributions from redeveloped and newly opened assets.
Mall revenues climbed to P5.8 billion on stronger foot traffic and upgrades to flagship centers, while hospitality revenues surged 30 percent to P3.4 billion, driven by expanded capacity and improved performance of renovated hotels.
Office leasing remained steady at P3 billion, with occupancy levels outperforming broader industry benchmarks.
The company is accelerating the expansion of its recurring income base, with more than 270,000 square meters of new mall and office space in the pipeline, alongside the reopening of the Mandarin Hotel.
Capital expenditures increased 11 percent to P23 billion in the quarter, with leasing investments jumping 53 percent. Ayala Land, Inc. maintained a net gearing ratio of 0.81:1 and declared P5 billion in dividends, while also launching a new P10-billion share buyback program.
