March 1, 2023
AyalaLand Logistics Holdings Corp. (ALLHC), a subsidiary of Ayala Land, inc. (ALI), registered sustained growth on account of resilient operations and the country’s reopened economy in 2022. The company posted a net income of P1.01 billion, 29% higher year-on-year, and consolidated revenues of P4.20 billion.
ALLHC registered P2.35 billion in industrial lot sales, 15% better than the previous year, on steady domestic investor demand. In May 2022, the company acquired a 55-hectare land parcel in Padre Garcia, Batangas for the development of the future Batangas Technopark, making it ALLHC’s 5th industrial estate.
Revenues from warehouse leasing rose by 44% to P648 million with the contribution of additional gross leasable area and improved overall occupancy. ALLHC ended the year with a total warehouse GLA of 309,000 sqm, a 38% growth from 224,000 sqm in 2021, with deliveries from ALogis Sto. Tomas and ALogis Naic.
Meanwhile, cold storage revenues soared to P120 million, a 144% increase due to operations from ALogis Artico’s second facility. ALLHC likewise secured 3,000 pallet positions into its portfolio in December 2022, increasing its pallet position count by 42% to 10,300 by year-end.
In commercial leasing, revenues accelerated by 28% to P544 million with increased mobility, normalized mall rental rates, and stable office tenancy.
“The country’s continued economic recovery in 2022 enabled ALLHC to sustain its growth momentum. Our business lines’ resilience led to significant performance improvements. We remain positive that our diversified industrial real estate portfolio will allow us to pursue our aspirations of growing our existing product lines and explore new platforms and offerings for customers”, said ALLHC President and Chief Executive Officer Jose Emmanuel H. Jalandoni.
In 2022, ALLHC entered a joint venture partnership with FLOW Digital Infrastructure to develop data center campuses across the Philippines. The joint venture earmarks the delivery of a three-building campus facility with 36MW of IT capacity in Biñan, Laguna, with an initial roll-out of 6MW by end-2024.
ALLHC continued to reinforce its commitment towards environmental sustainability and community development with the launch of its ESG brand, “ALLHC Cares for Tomorrow”. Under the ACT program, the company engaged in multiple initiatives such as the Department of Education’s Brigada Eskwela program, Renacimiento Manila’s Tondo Heritage Walks, recyclables fairs, and Ayala Land’s roll-out of fast-charging stations for electric vehicles. The company likewise supplied food and necessities in nearby communities in Cavite, Pampanga, Laguindingan, and Manila. Moreover, ALLHC was recognized for the ASEAN Asset Class Category for the Philippines based on its 2021 ASEAN Corporate Governance Scorecard.