Ayala Land celebrates 30th year as a listed company

AYALA Land Inc., the listed property giant, has seen a near 14-fold increase in its market capitalization to over P500 billion at present from P42 billion in 1991 when it made its debut in the Philippine Stock Exchange. 

Commemorating its 30th year as a listed company yesterday, ALI chairman Fernando Zobel de Ayala trumpeted the property giant’s unprecedented growth. 

“The company’s total assets, revenues, and net income have posted compounded annual growth rates of 16 percent, 12 percent and 9 percent, respectively, since our listing. These results have brought ALI’s market capitalization from P42 billion in 1991 to over P500 billion at present, a near 14-fold increase, making Ayala Land among the largest companies in the Philippine Stock Exchange Index,” Zobel said. 

ALI went public on July 5, 1991 with a P2.5 billion stock offering despite a challenging business environment at the time brought about by crises such as the Gulf War and the Mt. Pinatubo eruption. 

The company offered a total of 96 million class B shares at a price of P26 per share, making it the largest equity offering at the time, which was well received by the market as it was four to five times oversubscribed.

Proceeds were used to finance real estate development projects and future acquisitions. 

“This landmark listing unlocked Ayala Land’s potential and opened immense opportunities to expand into new geographies and product lines to serve a wider stakeholder base,” Zobel said. 

The company now has a total of 30 sustainable estates around the country from only three during its listing.

ALI maintains a total land bank of 12,483 hectares nationwide as it continues to widen its reach through diversified offerings across five residential brands, with 2.12 million square meters of malls, 1.23 million square meters of offices, 4,030 hotel and resort rooms, and a recent expansion into new leasing formats such as warehousing, co-living and co-working spaces. 

ALI officials led the ceremonial bell ringing yesterday to mark the company’s 30th year as a listed company.

Joining Zobel on the trading floor were ALI president and CEO Bernard Vincent Dy, ALI CFO Augusto Bengzon and PSE SVP and COO Roel Refran with fellow PSE executives while PSE Board members joined virtually. 

Latest

More REITs, More Growth : REITs serve as catalyst for strong economic rebound

The much touted real estate investment trusts or REITs will help fuel the resurgence of the Philippine economy, Finance Secretary Carlos Dominguez...

A blend of Manila’s historic charms and progress

Being the nation’s capital city says a lot about the role of Manila in the country’s rich culture and history as it...

Having the world at your doorstep: A global citizen’s ideal home at Crown Asia

Traveling is beautiful because it’s new and exciting. We never want it to end. The COVID-19 pandemic, however, did...

Ayala land dominates global competition as pursuit of excellence continues

Ayala Land Inc. (ALI), the listed property giant, remains steadfast in its pursuit of excellence, carrying with it the DNA of the...

WeeComm founder Cesar Wee is building homes beyond the ordinary through mentorship and creating future leaders

Wee Community Developers founder and CEO Cesar Wee Jr.: “Our legacy is the people who we mentor.” When Wee...