Ayala Land sets 2027 priorities on mall leasing growth, capital recycling and debt control

Ayala Land, Inc. (ALI) will lean on its shopping malls and other leasing businesses to drive earnings in 2027, under a corporate roadmap built on three pillars: growth, capital allocation, and returns, Mindanao Times reported from Manila.

President and chief executive officer Anna Ma. Margarita Dy presented the plan, saying the company is making "deliberate choices about where we grow, how we deploy capital, and how we deliver value to our shareholders."

The developer is aiming for double-digit expansion in commercial leasing, led by its malls division. This follows the opening of nearly 200,000 square meters of new gross leasable area in late 2026, including The Exchange at TriNoma. A further 50,000 square meters is set for completion in 2027 across Arca South, Parklinks, and Park Central Plaza.

Ayala Land wants earnings to grow at twice the rate of the country's gross domestic product. Commercial leasing is expected to account for more than 60 percent of total EBITDA, making recurring income the company's main earnings driver.

On the property development side, ALI has lined up ₱30 billion in planned project launches. Its residential strategy gives priority to developments outside Metro Manila priced below ₱20 million. The company is also scheduled to deliver 13,000 units across projects including Gardencourt Residences and Parklinks North Tower.

For capital allocation, the company plans ₱30 billion to ₱40 billion in capital recycling through infusions into AREIT, sales of receivables, and the monetization of selected assets. Its base case is to keep total debt flat, with any excess proceeds from capital recycling used to pay down debt.

Dy said aligning capital with high-return opportunities and growing the company's recurring asset base would help Ayala Land deliver sustainable value across market cycles.