AREIT Posts 28% Profit Growth in 2025, Expands Portfolio to ₱139.3 Billion
AREIT, Inc. delivered a strong financial performance in 2025, reporting ₱9.4 billion in net income—excluding fair value changes—representing a 28% increase year-on-year, as strategic acquisitions and high portfolio occupancy drove earnings growth.
Total revenues climbed 26% to ₱13.0 billion, while EBITDA rose 27% to ₱9.5 billion, reflecting the sustained contribution of newly infused assets and the stability of its core portfolio.
Acquisitions Fuel Earnings Expansion
Growth during the year was primarily supported by property additions completed in 2025, including Central Bloc Corporate Center 1 and 2, Ayala Malls Central Bloc, and Seda Hotel Central Bloc in Cebu; 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 contributions from properties acquired in 2024, reinforcing AREIT’s strategy of scaling through yield-accretive asset infusions from its sponsor, Ayala Land, Inc..
By year-end, AREIT’s assets under management (AUM) reached ₱139.3 billion, spanning a diversified mix of office, retail, hotel, and industrial land assets. The REIT’s total gross leasable area expanded to 4.3 million square meters, including 1.4 million square meters of building GLA. Portfolio occupancy remained exceptionally strong at 99%, underscoring asset quality and tenant demand.
Pipeline Set to Lift AUM to ₱159 Billion
In December 2025, shareholders approved a property-for-share swap transaction involving Ayala Center Cebu and Ayala Malls Feliz, valued at ₱19.5 billion. The infusion—executed with Ayala Land and its subsidiary Summerhill Commercial Ventures Corp.—will be settled through the issuance of 441.1 million AREIT shares.
Once completed, the transaction is expected to increase AUM to approximately ₱159 billion, further strengthening AREIT’s scale and recurring income base.
Higher Dividends Backed by Earnings Growth
Reflecting its improved earnings, AREIT’s board declared a fourth-quarter cash dividend of ₱0.62 per share, payable on March 20, 2026, to shareholders on record as of March 5. This brings total dividends for 2025 to ₱2.41 per share, up 5.7% from ₱2.28 in 2024.
Total cash dividends distributed for the year reached ₱8.36 billion, marking a 31% increase from ₱6.38 billion the previous year—demonstrating the REIT’s capacity to translate portfolio growth into higher shareholder returns.
AREIT President and CEO Alberto M. de Larrazabal said the company’s results reflect disciplined expansion and the strength of its diversified property base, adding that the focus remains on delivering consistent returns while maintaining financial resilience.
Sustainability Leadership Strengthens Asset Pipeline
Sustainability remains a key differentiator for AREIT. As of end-2025, 24 of its office buildings—covering over 946,000 square meters of gross floor area—had received EDGE Zero Carbon certification. This forms part of Ayala Land’s broader milestone of surpassing 1.5 million square meters of EDGE Zero Carbon-certified office space, the largest such portfolio globally.
The achievement reinforces AREIT’s access to a deep pipeline of environmentally certified assets, supporting both long-term value creation and alignment with global ESG standards.
With a near-full occupancy rate, expanding asset base, and a visible infusion pipeline, AREIT enters 2026 positioned for continued growth while sustaining reliable dividend payouts to investors.
