November 2, 2022
AyalaLand Logistics Holdings Corp. (ALLHC), an Ayala Land Inc. (ALI) subsidiary, posted strong performance for the first nine months of 2022. Consolidated net income for the period amounted to P565 million, 41% higher year-on-year.
ALLHC generated consolidated revenues of P2.8 billion, a 5% improvement from last year’s 9-month post of P2.6 billion. Revenues from the sale of industrial lots totaled P1.2 billion as healthy demand from domestic buyers continues. Warehouse leasing revenues reached P518 million, a 73% rise driven by additional gross leasable area (GLA) coupled with improved overall occupancy. Cold storage revenues accelerated P178% to P89 million from P32 million the year prior due to the addition of ALogis Artico’s second facility. Meanwhile, commercial leasing generated revenues of P665 million, a 114% uptick from the previous year, with higher mobility and customer footfall.
“Year-on-year, we could see improvements across our main business segments. Demand for industrial lots stayed solid, warehouse leasing remained resilient, while mall operations showed encouraging recovery. We trust business performance of our diversified portfolio to be sustained for the remainder of the year as we continue to experience increased economic activity,” said ALLHC Chief Operating Officer Patrick C. Avila.
In October, ALLHC entered into agreements with FLOW Digital Infrastructure to commence the activities of the intended joint venture partnership for data center development in the country. The joint venture earmarks the delivery of the first data center facility in a hyperscale campus, with an initial roll-out of 6MW.
Staying true to its vision of energizing and supporting communities, ALLHC also continued to engage in community initiatives under its new ESG brand, “ALLHC Cares for Tomorrow” or ACT. In support of the Department of Education’s Brigada Eskwela program, the company provided basic school necessities to pupils of Dungan Elementary School in Mabalacat, Pampanga. Helping advocate environmental sustainability to the general public, Tutuban Center and South Park Center piloted their respective Recyclables Fairs wherein mall patrons and merchants can trade in their traditional recyclables such as paper, cartons, and glass bottles, and non-traditional wastes like broken electronics and appliances. The two commercial properties will be continuing their recyclables fairs as a recurring activity moving forward.
Committed to exemplifying excellence, ALLHC garnered multiple recognitions from international awards institutions in the third quarter of 2022. The company won a Bronze Stevie®️ for Achievement in Growth from the 19th Annual International Business Awards®️, 2 Asia Pacific Enterprise Awards, and 2 Titan Business Awards. ALLHC was also lauded as one of Asia’s Leading SMEs by the Asia Corporate Excellence and Sustainability (ACES) Awards.