Ayala Land reports revenue growth driven by recurring income

Ayala Land Inc. (ALI) is strengthening its recurring-income businesses to build stability amid economic headwinds. For the first nine months of 2026, the property developer reported total revenues of ₱109.2 billion and a net income of ₱17.5 billion. Leasing and hospitality revenues rose 8% to ₱37.8 billion during this period, accounting for 36% of ALI’s real estate revenues, up from 29% the previous year.

Specific segments showed varied growth: shopping centers generated ₱18.2 billion in revenue, up 4% year-on-year, while hospitality revenues increased 20% to ₱8.9 billion. The office segment contributed ₱9.4 billion. Additionally, dry warehouse and cold storage facilities generated ₱1.3 billion, a 12% increase.

AyalaLand Logistics Holdings Corp. (ALLHC), a subsidiary of Ayala Land, reported a third-quarter consolidated net income of ₱62 million. This performance helped narrow the subsidiary’s nine-month net income decline to 9%, reversing a 90% profit drop seen in the first half of 2026. ALLHC’s leasing revenues reached ₱1.6 billion for the nine-month period, with cold storage operations growing 76% year-on-year to ₱355 million.