Ayala Land, Inc. (ALI) achieved solid growth across its business lines despite headwinds in the operating environment, anchored on the strength of its diversified portfolio. The Company’s consolidated revenues reached its highest mark-to-date at P180.7 billion, 21% higher year-on-year, and net income registered at P28.2 billion, up 15% from a year ago.
Property development
Revenues from Property Development businesses grew 22% to P112.9 billion, driven by higher residential and estate lot bookings. Residential revenues accelerated by 23% to P94.9 billion on higher bookings across all brands. Meanwhile, revenues from commercial and industrial lots jumped by 34% to P14.6 billion lifted by demand for lots outside Metro Manila. Moreover, office-for-sale contributed P3.5 billion mainly from project bookings.
The Company achieved residential sales reservations of P127.1 billion, up 12% year-on-year on the back of resilient demand from the Premium segment, horizontal projects, and developments in suburban estates. Sales from the Premium Brands, AyalaLand Premier (ALP) and Alveo, jumped 25% to P80.8 billion, accounting for 64% of sales. Demand for horizontal lots and house-and-lot offerings increased with sales ending 16% higher than a year ago. By location, demand for developments outside Metro Manila remained robust with take-up accelerating 14% from 2023 levels.
Total launches for the year reached P80.5 billion, 64% of which are located outside Metro Manila. Notable launches during the year include: ALP’s Enara in Nuvali Heights, Laguna and Anvaya Seabridge Residences Buildings A & B in Morong, Bataan; Avida’s Makati Southpoint Tower 3, the brand’s first condominium offering in Metro Manila since 2022, and Serin Terraces in Tagaytay.
Leasing and hospitality
Leasing and Hospitality revenues reached P45.6 billion, 9% higher than in 2023 driven by healthy operations of existing assets combined with the contribution of new assets namely, One Ayala Mall and BPO towers, Ayala Triangle Gardens Tower Two, and Seda Manila Bay. Both Shopping Center and Office leasing revenues grew by 9% to P23.0 billion and P12.9 billion, respectively, while hotel and resort revenues reached P9.7 billion, up 11% year-on-year.
Seventy two-thousand square meters (sqm) of new commercial leasing space was opened in 2024 to further bolster ALI’s portfolio. Two new office towers were inaugurated, namely, Park Triangle Corporate Center in Bonifacio Global City (BGC), and the One Ayala South Tower at the Makati Central Business District (CBD). Moreover, an additional 25-thousand sqm of mall space was opened at AyalaMalls Vermosa in Cavite.
