THE Ayala Land Inc. disclosed last Monday that its income came in flat for the nine-month period ending September on weak sales from its premium residential products. The property developer’s profits for the period hit P21.38 billion from the previous year’s P21.16 billion.
In its disclosure to the local bourse, Ayala Land said revenues for the period fell 3 percent to P121.83 billion from the previous P125.21 billion, as cash from property development fell 1 percent to P75.9 billion.
Residential development fell 2 percent to P63.1 billion, while office and lots for sale rose 3 percent P12.8 billion, owing to strong lot sales in the first semester, complemented by office-for-sale bookings at Makati, Vertis North, and Arca South.
‘Ayala Land continues to navigate market challenges with discipline and focus,’ Ayala Land president and CEO Anna Maria Margarita Bautista-Dy.
‘We remain committed to expanding our leasing portfolio, enhancing property development fundamentals, and driving disciplined execution and capital efficiency. These, together with our quality improvements, are the key ingredients that will enable Ayala Land to sustain long-term growth.’ Dy said.
Total sales reservations for residential products and lots improved 3 percent year-on-year to P111.7 billion, driven by steady take-up of premium projects, improving demand for core projects and growing reservations for industrial lots.
The company launched P51.3-billion worth of property development projects in the first nine months of 2025, anchored by the firm’s ‘Premier’s Laurean Residences’ at the Makati central business district.
About 91 percent of the projects is composed of vertical and horizontal residential development while the balance of 9 percent includes commercial and industrial lots across Ayala Land estates.
Revenues from the developer’s leasing-and-hospitality portfolio rose 6 percent to P35.1 billion from topline growth across all asset classes. Notwithstanding full-swing reinvention works, shopping-center revenues increased 4 percent to P17.4 billion from increasing contributions of new malls and healthy operations of existing malls, according to the company.
Office leasing revenues expanded by 6 percent to P9 billion, supported by better-than-industry occupancy rate of the portfolio, added the firm.
Hospitality revenues, meanwhile, posted a 4-percent growth to P7.4 billion on the back of stable portfolio occupancy and the contributions of the recently acquired New World Makati Hotel, despite the temporary closure of select assets for renovation.