October 31, 2025 | 12:00am
MANILA, Philippines — AyalaLand Logistics Holdings Corp. (ALLHC), the industrial real estate subsidiary of Ayala Land Inc., saw its earnings plunge in the nine months ending September on the back of slower industrial lot take-up and the ongoing stabilization of newly completed and acquired assets.
ALLHC reported a net income of P81 million from January to September, 87 percent lower than last year’s P618 million.
Revenues for the three quarters also fell by 35 percent to P2.6 billion from P4 billion in 2024.
ALLHC said that while industrial lot sales declined from last year’s strong base, its leasing operations continued to provide steady contributions, partly offsetting the drop in sales.
Industrial lot sales revenues amounted to P1.1 billion, down by 57 percent year-on-year following strong lot sales at Laguindingan Technopark in 2024.
The company also launched Batangas Technopark Phase 2 in the third quarter, adding P2.3 billion worth of saleable inventory to its industrial portfolio.
ALLHC’s leasing businesses, meanwhile, generated P1.5 billion in total revenues, up by four percent year-on-year.
Its warehouse leasing remained steady with revenues at P559 million, while cold storage revenues jumped by 32 percent to P202 million following the addition of new Artico cold chain facilities in Mabalacat, Urdaneta and Iloilo.
Commercial leasing registered a two percent improvement in revenues to P692 million, supported by higher mall occupancies and stable office leasing.
“We continue to make progress in strengthening our portfolio, with newly added assets showing improvement as they stabilize. We are sharpening our efforts to lift occupancy and sales across our developments,” ALLHC president and chief executive officer Robert Lao said.
ALLHC is set to launch this quarter Phases 6 and 7 of Pampanga Technopark, introducing P3 billion in new inventory to its industrial portfolio.
The phases will be registered with the Philippine Economic Zone Authority and the Board of Investments as an economic zone and an industrial zone, respectively.
