AyalaLand Logistics Reported Consolidated Revenues of P4.0B, Net Income of P618M for 9M24

AyalaLand Logistics Holdings Corp. (ALLHC), an Ayala Land, Inc. (ALI} subsidiary, posted consolidated revenues of P4.0 billion and a net income of P618 million for the first nine months of 2024.

​Industrial lot sales revenues reached P2.6 billion mainly on account of lots sold at Laguindingan Technopark coupled with higher completion rates for developing industrial estates.

Leasing businesses contributed total revenues of P1.2 billion from the strong performances of warehouse, cold storage, and commercial leasing. Warehouse leasing grew its topline to P566 million from P510 million last year given the increase in leasable area and higher occupancy. Cold storage revenues increased to P153 million from P129 million from the addition of the ALogis Artico Santo Tomas facility in the portfolio. Meanwhile, commercial leasing revenues registered at P680 million due to improved mall occupancies.

"Our investments in leasing business segments have strengthened and diversified our industrial real estate portfolio. We look to deliver on our healthy pipeline of leasable properties which will increase our recurring revenue and enable us to establish a stronger foothold in the real estate logistics industry," shared ALLHC President & Chief Executive Officer Robert S. Lao.

In August, A-FLOW marked a major construction milestone with the topping off of the first building of the ML1 Data Center. A-FLOW is the joint venture partnership between ALLHC and FLOW Digital Infrastructure. The first phase of the data center will have an initial 6MW capacity ready for service.

In the fourth quarter, ALLHC expects to complete the first phase of the ALogis Mabalacat warehouse facility and the ALogis Artico Mabalacat cold storage which will add 7,700 square meters of gross leasable area and 5,000 cold pallet positions to the portfolio, respectively. Moreover, construction is also in full swing for the second phase of ALogis Mabalacat, which will contribute an additional 18,000 square meters of warehouse inventory upon its delivery.

ALLHC's pursuit of excellence earned it multiple prestigious recognitions from respected institutions both locally and abroad. The company was named winner of a Gold Stevie® Award and a People's Choice Stevie® Award for Favorite Companies in the 21st Annual International Business Awards. At the 12th PropertyGuru Philippines Property Awards, ALLHC was given the recognition of Highly Commended - Best Industrial Developer, and Pampanga Technopark with Highly Commended - Best Industrial Development. ALLHC also took home a total of four wins from the 2024 TITAN Business Awards. ALLHC was likewise honored as a 4 Golden Arrow Awardee by the Institute of Corporate Directors for good corporate governance based on the company's 2023 ASEAN Corporate Governance Scorecard (ACGS) assessment results.

AyalaLand Logistics Holdings Corp (ALLHC), a subsidiary of Ayala Land, Inc. (ALI), is the leading industrial real estate company in the Philippines.

ALLHC is present in seven growth areas nationwide through its industrial parks, warehouses, cold storage facilities, data centers, and commercial leasing. Among its developments are world-class industrial estates: Laguna Technopark, Cavite Technopark, Pampanga Technopark, Batangas Technopark, and Laguindingan Technopark in Misamis Oriental. Its ALogis standard factory buildings are located in Binan and Calamba, Laguna; Naic, Cavite; Porac, Pampanga, and Santo Tomas, Batangas, complemented by the ALogis Artico cold storage facilities in Laguna, Batangas, and Cebu. The first A-FLOW data center campus was launched in Laguna in December 2022. Its commercial leasing portfolio comprises Tutuban Center in Manila and South Park Center in Muntinlupa City.