AREIT Q1 2025 Income Up 43% to P2.1B; Declares Dividends at P0.58 per Share

In the first quarter of 2025, AREIT, Inc. (AREIT) registered total revenues of P2.9 billion and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of P2.1 billion, a 38% and 42% increase from the year prior, respectively. Net income excluding the net fair value change in investment properties reached P2.1 billion, a 43% rise year-on-year. AREIT’s properties recorded a 99% overall occupancy at the end of the quarter.

Driving AREIT’s first quarter performance were the 2024 infused assets which includes Ayala Triangle Gardens Tower 2 office building, Greenbelt 3 and 5 mall, Holiday Inn & Suites Makati, Seda Ayala Center Cebu, and industrial land in Zambales, whose contributions started in July 2024.
 
AREIT also declared cash dividends of P0.58 per outstanding common share for the first quarter of 2025. The dividends are payable on June 11, 2025 to shareholders on record as of May 27, 2025.
 
Aligned with its strategy to grow Assets Under Management (AUM), AREIT secured stockholders’ approval last April 24, 2025 for the property-for-share swap transaction with its sponsor Ayala Land, Inc. (ALI) and its subsidiaries, Accendo Commercial Corp., Cagayan de Oro Gateway Corp., and Central Bloc Hotel Ventures, Inc., involving eight (8) prime commercial assets in Visayas and Mindanao, valued at P21.0 billion, namely 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 AUM is set to climb to P138 billion following the planned infusion. AREIT will execute the Deed of Exchange with ALI and its subsidiaries and apply for its approval with the Securities and Exchange Commission (SEC). The new shares will be issued, and income from the assets shall accrue to AREIT upon SEC approval.
 
“We will see our AUM quintuple to P138 billion from IPO, keeping us on track to reach our goal of reaching U$3 billion within the coming years, scaling to levels comparable with major regional REITs,” said AREIT President and CEO Mr. Jose Eduardo A. Quimpo II.