Ayala Land, Inc. (ALI) announced its financial results for the first quarter of 2026, delivering a net income of P5.4 billion on the back of P37.5 billion in total revenues. The performance highlights a strategic shift toward a more balanced portfolio, fueled by double-digit growth in leasing and hospitality alongside steady residential demand.
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Total Revenues: P37.5 Billion
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Net Income: P5.4 Billion
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CAPEX Investment: P23.0 Billion (up 11% YoY)
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Shareholder Returns: P5 Billion in dividends declared; new P10 Billion share buyback program approved.
The residential and property development sector remains a cornerstone of ALI’s operations, contributing P20.3 billion in revenue. Sales reservations reached P28.2 billion, averaging P9.4 billion per month, signaling sustained appetite for Premium, Core, and Estate lot offerings.
To ensure long-term value delivery, the company is prioritizing its existing inventory with a target to deliver 13,000 residential units across 40 projects throughout 2026.
Revenues from leasing and hospitality rose 9% year-on-year to P12.6 billion, driven by high occupancy rates and the strategic “reinvention” of flagship assets.
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Shopping Centers: Generated P5.8 billion, bolstered by the opening of Ayala Malls Arca South and redevelopments at TriNoma and Ayala Center Cebu.
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Hospitality: Saw a massive 30% revenue surge to P3.4 billion, credited to the integration of the New World Makati Hotel and the strong performance of the Seda and El Nido portfolios.
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Industrial Real Estate: Revenues jumped 23% to P439 million, reflecting high demand for cold storage and dry warehousing. “Our leasing platform is delivering steady growth and providing greater stability to the business,” said Anna Ma. Margarita B. Dy, President and CEO of Ayala Land. “These results reflect the strength of our diversified portfolio and the continued ramp-up of assets we have invested in over the past few years.”
Ayala Land is aggressively expanding its recurring income base. The company is on track to deliver over 270,000 square meters of new mall and office space, including the highly anticipated re-opening of the five-star Mandarin Hotel.
Reflecting this focus, capital expenditure for the leasing segment jumped 53% to P6.1 billion this quarter. Despite this aggressive investment, ALI maintains a robust balance sheet with a net gearing ratio of 0.81:1 and an interest coverage ratio of 4.6x.
In February 2026, ALI reinforced its commitment to shareholders by declaring P5 billion in dividends, a 19% increase over the previous year. Additionally, following the completion of a P28 billion share buyback program, the Board approved a new P10 billion buyback program in March 2026.
“The current environment requires a more deliberate approach to how we deploy capital,” Dy added. “We are actively reshaping our portfolio—scaling recurring income and positioning the business to emerge stronger and more balanced through the cycle.”
