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Performance Highlights 1H 2024

Revenues

P4.2B +43%

EBITDA

P3.0B +45%

Net Income

P2.9B +44%

1Q24 Dividends

P0.56/share

AUM

P88.6B

GLA

936K sqm +39%

Occupancy 

96%

Net Gearing

0.03:1

Latest News

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AREIT 1Q24 income up 45% to P1.5B; declares highest dividends
since IPO at P0.56/share

14 May 2024 | AREIT Inc., the first Philippine REIT, reported P2.11 billion in total revenues and P1.47 billion in net income, both up 45% year-on-year. Occupancy remained strong at 96%, surpassing industry averages.

2023 August 12 One Ayala Building 7

AREIT Fund Manager releases its 1Q24 performance report

14 May 2024 | AREIT’s consistent and solid operations in the quarter ended March 31, 2024, resulted in an average occupancy of 96%.

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AREIT to hold a Annual Stockholders’ Meeting on April 23, 2024

20 Feb 2023 | AREIT’s Annual Stockholders’ Meeting to be held on Tuesday, April 23, 2024, at 2:00 o’clock in the afternoon, will be conducted in a fully virtual format.

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AREIT FY23 net income up 43% to P4.9B

19 Feb 2024 | AREIT posted revenues of P7.14B and EBITDA of P5.04B, 41% and 39% higher year-on-year, respectively, on account of stable operations and new assets.

2023.09.26 PR_ALI AREIT IFC EDGE Commitment Signing (1) (2)

AREIT receives EDGE-Zero Carbon Certification for 8 Office Buildings

30 Jan 2024 | AREIT, Inc. (AREIT) received EDGE Zero Carbon Certification for eight office buildings comprising 354,000 square meters, making Ayala Land and AREIT’s offices the largest EDGE Zero Carbon certified portfolio in the Philippines.

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AREIT acquires Seda Hotel in Lio, El Nido

17 Jan 2024 | AREIT, Inc. (AREIT) completed the acquisition of Seda Lio in El Nido, Palawan, from Ayala
Land Inc.’s subsidiary Econorth Resort Ventures, Inc. for Php1.19 billion cash.

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AREIT: The FIRST, the LARGEST, and most DIVERSIFIED Philippine REIT

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About Us

AREIT, Inc. (AREIT)  is the first and largest Real Estate Investment Trust (REIT) in the Philippines, formed primarily to own and invest in an income-generating commercial portfolio of office, retail, hotel, and other properties in the country. AREIT offers an investment opportunity with a stable yield, distributing at least 90% of its distributable income from high-quality properties as dividends to shareholders.

AREIT was incorporated on September 4, 2006, under the corporate name One Dela Rosa Property Development, Inc., before changing to its current name on April 12, 2019.

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“We are laying the groundwork to accelerate AREIT’s expansion. With a deep pipeline of commercial assets from Ayala Land and strategic properties in the Ayala Group, AREIT has the capacity to grow immensely and attain a regional market presence.”

 

– Carol T. Mills, President and CEO

 

2023 Integrated Report

View the latest Integrated Report

AREIT’s Integrated Reports

2024 IR cover for website

2023 Integrated Report

“And today we stand bolder, braver, and even better, diversifying and strengthening AREIT’s portfolio, setting it as the country’s REIT benchmark.”

2022 Integrated Report cover

2022 Integrated Report

Consistent with AREIT’s mantra of delivering shareholder value, we generated a total shareholder return of 50% at the end of 2022.

 

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2021 Integrated Report

After a year of operations, AREIT has demonstrated its commitment to expanding its portfolio and providing consistent dividends and yield growth, generating a total shareholder return of 91% since its listing.

2020 Integrated Report cover

2020 Integrated Report

AREIT was offered to the market in August 2020, completing a P13.6B IPO, twice oversubscribed, democratizing real estate and enabling investors to own prime commercial assets in the Philippines.