Performance Highlights 1Q 2024
Revenues
P2.11B +43%
EBITDA
P1.51B +45%
Net Income
P1.47B +45%
FY23 Dividends
P2.15/share
AUM
P88.6B
GLA
936K sqm +39%
Occupancy
96%
Net Gearing
0.03:1
Latest News
AREIT acquires Seda Hotel in Lio, El Nido
17 Jan 2024 | AREIT, Inc. (AREIT) completed the acquisition of Seda Lio in El Nido, Palawan, from Ayala
Land Inc.’s subsidiary Econorth Resort Ventures, Inc. for Php1.19 billion cash.
AREIT to hold a Special Stockholders’ Meeting on February 12, 2024
13 Dec 2023 | The special meeting of stockholders of AREIT to be held on Monday, February 12, 2024, at 10:00 o’clock in the morning, will be conducted in a fully virtual format.
AREIT releases its latest 3-year Investment Strategy
12 Dec 2023 | Beyond 2023, AREIT plans to continue to grow its portfolio of quality assets and increase its AUM by P15-P20B annually.
ALI to infuse P23B of flagship Makati assets and prime hotels into AREIT; AUM to reach P117B
30 Nov 2023 | AREIT will embark on its largest acquisition next year with P23B worth of prime commercial properties from its sponsor Ayala Land, alongside the P6.8B industrial land from Buendia Christiana Holdings Corporation.
AREIT bolsters its portfolio with a P6.8B industrial land acquisition
17 Nov 2023 | AREIT acquires 276 hectares of industrial land in Zambales with a 25-year lease from Giga Ace 8 solar plant through a property-for-share swap with Buendia Christiana Holdings Corporation.
AREIT declares 3Q23 dividends of P0.55/share, 96% higher than IPO
17 Nov 2023 | AREIT’s Board declared 3Q23 dividends for payment on Dec 15, 2023, to shareholders on record as of December 1, 2023.
AREIT Fund Manager releases its 3Q23 performance report
14 Nov 2023 | AREIT’s consistent and solid operations in the quarter ended September 30, 2023, resulted in an average occupancy of 97%.
AREIT 9M23 net income up 43% to P3.4B
14 Nov 2023 | AREIT posted revenues of P5.0B and EBITDA of P3.5B, 41% and 39% higher year-on-year, respectively, on account of stable operations and new assets.
SEC approves AREIT’s amended Articles of Incorporation
21 Sep 2023 | AREIT increased its authorized capital stock from P29.5B to Php40.5B and amended the Seventh Article of its Articles of Incorporation.
