MANILA, Philippines – Ayala Land Incorporated’s (ALI) premium clientele continues to boost the property giant.

ALI secured a 10% increase in net income to P6.9 billion in the first quarter of 2025. Meanwhile, consolidated revenues went up 6% to P43.6 billion. The company noted stable leasing operations also contributed to the good start of the year.

“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 CEO Anna Ma. Margarita Bautista Dy said in a statement on Tuesday, May 6.

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

The company spent P20.6 billion in the first quarter, 46% of which was dedicated to residential projects, 30% to develop infrastructure in its estates, 16% on assets for its leasing and hospitality business, and 9% for expenses related to land acquisition.

This paid off as most of ALI’s revenue streams posted gains in the first three months of 2024.

Property development revenues are up 11% as sale of premium residential lots and industrial and commercial lots reached P27.8 billion.

Revenues from its premium commercial and industrial lot sales more than doubled to P5.7 billion thanks to strong interest in Arca South in Taguig City.

Last February, the company broke ground for the P5.2-billion Taguig City Integrated Terminal Exchange. It will be connected to the North-South Commuter Railway and the Metro Manila Subway project.

But aside from it being a transport hub, the property giant is also building Ayala Malls Arca South, which would also house “the country’s first dedicated coffee zone.”

On the other hand, residential revenues increased by 3% thanks to the premium segment, allowing ALI to bag P22 billion.

Sales from premium brands, Alveo Land and Ayala Land Premier, totaled P20.7 billion in the first quarter.

ALI launched P12.6 billion worth of residential projects from January to March, majority of which are located outside Metro Manila: AyalaLand Premier’s Virendo in Davao, and in Cavite — sequel phases of Ayala Westgrove Heights and Amaia Scapes General Trias.

The gains from its premium segment offset the 21% decline in the sales of its core residential brands, Avida and Amaia, which contributed P10.5 billion.

On average, ALI bagged around P10.4-billion worth of sales monthly — its premium segment accounts for 66%, while core brands contribute 34%. Sales are distributed equally between its vertical and horizontal projects, while 55% of buyers prefer suburban locations instead of getting properties in the metro.

Meanwhile, its leasing and hospitality business gained 7%, ending the quarter with P11.6 billion thanks to stable occupancy and increase rates. Mall revenues went up 4% to P5.7 billion, office revenues grew 4% to P2.9 billion as lease rates increased and occupancy levels are better than industry average, and revenues from hotels and resorts rose 10% to P2.6 billion despite the temporary closure of some due to renovation.

Its industrial real estate portfolio, meanwhile, contributed P357 million in revenues — representing a 60% jump year on year. – Rappler.com