Ayala Land 1Q net income up 10%

Ayala Land Inc. (ALI) on Tuesday reported a 10% growth in its net income for the first quarter of the year as the company reported strong property development bookings and healthy leasing operations during the period.

In a regulatory filing, ALI said its net income grew to P6.9 billion as consolidated revenues increased by 6% to P43.6 billion.

Property development revenues grew 11% to P27.8 billion, with the residential unit up 3% to P22.0 billion, while commercial and industrial lot revenues more than doubled to P5.7 billion.

Leasing revenues increased 7% to P11.6 billion, with shopping center revenues up 4% to P5.7 billion, and office revenues up 4% to P2.9 billion.

Revenues from hotels and resorts grew by 10% to P2.6 billion, while the industrial real estate portfolio saw a 60% increase in revenues to P357 million.

“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,” ALI president and chief executive officer Anna Ma. Margarita Bautista-Dy said.

“We are energized with what lies ahead and continue to deliver sustainable long-term value for all our stakeholders,” she added.

ALI counts as subsidiaries Alveo Land Corp., Avida Land Corp., Ayala Property Management Corp., Makati Development Corp., AyalaLand Logistics Holdings Corp., and Ten Knots Philippines Inc. —VAL, GMA Integrated News