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
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.
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%.
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.
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.
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.
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.
