Publicly listed Ayala Land, Inc. (ALI) is banking on its leasing business to drive growth this year, citing oversupply in the middle-income market in the National Capital Region and new space from renovated malls.
ALI president and chief executive officer Anna Ma. Margarita Dy said they expect a 15 to 20 percent earnings lift from rents of the renovated malls.
“Alongside extracting value from recently completed assets, we will continue expanding the leasing platform. Leasing will account for a larger share of capital deployment as we scale malls, offices, and hospitality within our estates,” she said during a media briefing on Friday.
In a disclosure to the Philippine Stock Exchange (PSE), ALI reported consolidated net income of P39.1 billion for 2025, supported by leasing, hospitality, and portfolio management. Consolidated revenues rose 5 percent to P190.2 billion.
Leasing and hospitality revenues increased 7 percent to P48.7 billion, with gains across segments. Shopping center revenues rose 5 percent to P24.2 billion, office leasing climbed 5 percent to P12.2 billion, and hospitality grew 9 percent to P10.6 billion.
Property development generated P113.9 billion in revenues, driven by strong estate lot and office-for-sale bookings and improved core residential revenues. Full-year sales reservations reached P142.3 billion on steady demand for residential and estate lots.
“Our business delivered healthy growth in 2025 despite a challenging environment, underscoring the strength of our portfolio and execution. As we enter 2026, we focus on benchmark residential launches that emphasize quality and long-term value. Our leasing portfolio continues to expand with a banner year of more than 250,000 square meters of leasable space coming online in our Estates,” Dy said.
ALI PHOTO