AREIT profits jump 28 percent on new acquisitions

Ayala-backed AREIT, Inc. grew net income 28 percent to P9.4 billion in 2025, driven by new property acquisitions and steady portfolio performance.

The listed real estate investment trust reported on Friday a total revenue of P13.0 billion and earnings before interest, taxes, depreciation, and amortizationof P9.5 billion, rising 26 percent and 27 percent, respectively, from 2024.

The strong earnings were driven by income contributions from newly acquired assets, 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. 

“AREIT’s performance in 2025 reflects the strength and quality of our portfolio and our ability to execute growth in a disciplined manner,” said AREIT President and CEO Alberto M. de Larrazabal.

“As we continue to scale, we remain focused on delivering consistent returns to shareholders while maintaining portfolio quality and financial resilience,” he added.

AREIT ended 2025 with assets under management of P139.3 billion and a total gross leasable area of 4.3 million square meters (sqm), including 1.4 million sqm of building space, while maintaining an overall occupancy rate of 99 percent.

To accelerate growth further, the company secured shareholder approval for a property-for-share swap with sponsor Ayala Land, Inc. and its subsidiary Summerhill Commercial Ventures Corp., involving Ayala Center Cebu and Ayala Malls Feliz, valued at P19.5 billion. 

Once completed, the transaction is expected to increase AREIT’s AUM to P159 billion, expanding its income-generating portfolio.

As of end-2025, AREIT had 24 office buildings with EDGE Zero Carbon certification covering more than 946,000 sqm of gross floor area, supporting its access to a pipeline of sustainability-aligned assets from its sponsor.