AREIT Inc.
PPSE:AREIT36.90
PHP
+0.65
(+1.79%)
ISIN
PHY1001D1010
CUSIP
Y1001D101
Return %
Stock
S&P 500
1Y
-16.23
14.20
3Y
9.66
81.12
5Y
-10.00
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Alberto Macapinlac de Larrazabal
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Makati Philippines
- IPO Date
- Aug 13, 2020
- Website
- areit.com.ph
- Similar Companies
- Business
- AREIT, Inc. is a Philippines-based real estate investment trust sponsored by Ayala Land, Inc. that invests in, owns, and manages a diversified portfolio of income-producing commercial real estate assets. Founded in 2006 and headquartered in Makati City, Philippines, the company operates as the first publicly listed real estate investment trust on the Philippine Stock Exchange. AREIT's primary business activities encompass commercial property leasing, real estate asset management, and property development investments across four principal sectors: commercial office spaces, retail properties, industrial and logistics assets, and hospitality developments. The company's core product and service offerings comprise prime and Grade A office spaces tailored for information technology-business process management (IT-BPM) firms, multinational corporations, and traditional corporate tenants; retail real estate, including lifestyle shopping malls, commercial dining establishments, and integrated retail podiums; industrial land parcels and logistics facilities leased to industrial, manufacturing, and warehousing operators; and hospitality real estate, featuring upscale business hotel properties and serviced residences operated under the Seda hospitality brand. The company's property portfolio spans major commercial and metropolitan hubs across the Philippines, with core concentrations in Metro Manila—including the Makati Central Business District, Bonifacio Global City, Pasig, and Quezon City—as well as key regional growth centers in Cebu, Laguna, Pampanga, Iloilo, Bacolod, and Palawan. In recent major corporate developments, AREIT has executed substantial portfolio expansion initiatives through multi-billion-peso property-for-share swap transactions and asset acquisitions with parent company Ayala Land, Inc. and its subsidiaries. These strategic transactions have injected flagship commercial assets into AREIT's portfolio, notably the One Ayala West and East office towers and retail center in Makati, prime retail properties, industrial land in Laguna Technopark, and multiple Seda hotel properties including Seda BGC, Seda Nuvali, and Seda Lio. These asset infusions have substantially expanded AREIT's total gross leasable area, deepened asset diversification across office, retail, industrial, and hotel segments, and strengthened its position as the largest real estate investment trust in the Philippines by asset size and market capitalization.