Ayala Land leasing and hospitality revenues rise 8% to ₱37.8 billion in nine months

Ayala Land Inc. (ALI) said revenues from its leasing and hospitality businesses grew 8% to ₱37.8 billion in the first nine months of 2026, as the developer leans more on recurring income amid economic headwinds and challenges in the property sector, according to Mindanao Times.

For January to September, the company posted net income of ₱17.5 billion on total revenues of ₱109.2 billion. Third-quarter revenues reached ₱34.2 billion, with net income of ₱6 billion.

Leasing and hospitality made up 36% of ALI's real estate revenues during the period, compared with 29% a year earlier. Shopping centers brought in ₱18.2 billion, up 4%, helped by higher merchant sales and reinvented flagship malls. Offices contributed ₱9.4 billion, with vacancy levels the company said were better than the industry. Hospitality revenues rose 20% to ₱8.9 billion on the back of renovated hotels and resorts, while warehouse and cold storage facilities earned ₱1.3 billion, up 12% on higher occupancy.

ALI chief executive Anna Ma. Margarita B. Dy said in the earnings release that the goal is "to build a more resilient ALI with more diversified revenue streams."

Property development still accounted for the bulk of real estate revenues at ₱57.6 billion, or 55%. Sales reservations totalled ₱77.7 billion, averaging ₱8.6 billion a month. The company launched ₱4.2 billion in horizontal residential projects outside Metro Manila, including new phases of Sereneo in Nuvali and South Palm Grove in Lipa, Batangas. Residential inventory stayed at 15 months.

Capital spending fell 19% to ₱53.1 billion, with leasing taking 36% of the total, up from 28%. ALI cut its debt by ₱8.4 billion in the third quarter using excess cash, bringing net gearing to 0.78 times. Declared 2026 dividends rose 21% to ₱0.70 per common share, with total dividends paid and declared reaching ₱10.1 billion.