October 31, 2023
AyalaLand Logistics Holdings Corp. (ALLHC), an Ayala Land Inc. (ALI) subsidiary, registered consolidated revenues of P2.1 billion and a net income of P354 million for the first nine months of 2023.
Domestic demand for industrial lots remains strong with sales reservations totaling at P1.4 billion, 10% higher than last year’s 9-month period. Meanwhile, revenues posted at P834 million for the period is 31% lower than previous year’s P1.2 billion mainly due to early-stage completion of newly launched projects.
Warehouse leasing recorded P510 million in revenues, a 2% decline versus last year, due to lower average occupancy during the period. This is mainly attributed to the facilities upgrade in ALogis Calamba, which was completed and leased at the end of the second quarter. ALLHC successfully tenanted a total of 51,000 sqm in ALogis Calamba to logistics companies in May and September of this year. With an 88% lease-out rate, management expects overall occupancy to rise in the fourth quarter with tenants commencing operations.
Cold storage revenues grew its topline to P129 million from P89 million the same period last year, a 45% increase given the addition this year of the ALogis Artico Mandaue facility in the portfolio and higher overall occupancy.
Commercial leasing revenues remained flat at P664 million.
“We remain focused on our strategies and plans to continue building our diversified industrial real estate portfolio. Our commitment to long-term success is evident in our forthcoming project launches and expansions, which will be integral in growing our recurring revenue business and our industry presence,” shared ALLHC President & Chief Executive Officer Robert S. Lao.
Dedicated to embodying excellence, ALLHC garnered multiple recognitions from local and international institutions in the third quarter of 2022. The company was named winner of a Gold Stevie®️ Award and a People’s Choice Stevie®️ Award for Favorite Companies in the 20th Annual International Business Awards. ALLHC’s Laguna Technopark and Cavite Technopark were silver and bronze awardees in Lamudi’s The Outlook: Philippine Real Estate Awards 2023. At the 11th PropertyGuru Philippines Property Awards, ALLHC was won a Special Recognition in ESG and was highly commended for Best Industrial Developer, while Pampanga Technopark was highly commended for Best Industrial Development. ALLHC was also lauded as 3 Golden Arrow Awardee by the Institute of Corporate Directors for good corporate governance based on the company’s 2022 ASEAN Corporate Governance Scorecard (ACGS) and Corporate Governance Scorecard (CGS) assessment results.