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Performance Highlights 9M 2024

Revenues

P7.1B +42%

EBITDA

P5.1B +45%

Net Income

P5.0B +46%

3Q24 Dividends

P0.58/share

AUM

P117.6B

GLA

3.9M sqm +324%

Occupancy 

99%

Net Gearing

0.03:1

Latest News

AyalaMalls Greenbelt 5 (night facade) 02

AREIT income up 46% to P5.0B in 9M24 ; declares dividends at P0.58/share

13 Nov 2024 | AREIT Inc. posted total revenues of P7.1 billion and EBITDA of P5.1 billion, 42% and 45% higher year-on-year, respectively. Net income registered at P5.0 billion, 46% higher.

2023 August 12 One Ayala Building 7

AREIT Fund Manager releases its 3Q24 performance report

14 Nov 2024 | AREIT’s consistent and solid operations in the quarter ended September 30, 2024, resulted in an average occupancy of 99%.

Seda Ayala Center Cebu

SEC approves property-for-share swap with ALI, Greenhaven, Cebu Insular, and BCHC

26 Sep 2024 | AREIT Inc. received the Securities and Exchange Commission’s approval of its property-for-share swap with Ayala Land, Inc., Greenhaven Property Ventures, Inc., Cebu Insular Hotel, Inc., and Buendia Christiana Holdings Corp.

2023 AyalaMalls Glorietta (exterior by Paul Quiambao) 02

AREIT 1H24 revenues of P4.2B up 43% and income of 2.9B up 44%

14 Aug 2024 | AREIT posted total revenues of P4.2 billion and net income of P2.9 billion, 43% and 44% higher year-on-year, respectively. Overall occupancy remained high at 96%, better than the industry average.

2023 AyalaMalls Marquee (aerial view by Paul Quiambao) 07

AREIT Fund Manager reports its 2Q24 performance

14 Aug 2024 | In the quarter ending September 30, 2024, AREIT maintained steady operations, resulting in a 96% average occupancy rate.

Seda Lio 2

AREIT declares 2Q24 cash dividends

12 Jul 2024 | AREIT declares dividends at P0.56/share for second consecutive month.

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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 focused on delivering long-term value and sustainable returns for our stakeholders. We look to execute on our plan, composed of growing our portfolio with quality assets, diversifying our sources of income, and optimizing returns of our assets.”

 

– Jose Eduardo A. Quimpo II, 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.

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