Real estate investment trust AREIT Inc. reported on Friday that its net income rose 28 percent to P9.4 billion in 2025, supported by fresh acquisitions and steady contributions from its existing properties.
Total revenues grew 26 percent year-on-year to P13.0 billion, the company said in a disclosure to the stock exchange. The performance was led by income from newly-acquired assets in regional hubs including Cebu, Davao and Cagayan de Oro.
The company ended the year with gross leasable area of 4.3 million square meters and a portfolio occupancy rate of 99 percent.
Assets under management expanded to P139.3 billion across a mix of office, retail, hotel and industrial land.
“AREIT’s performance in 2025 reflects the strength and quality of our portfolio and our ability to execute growth in a disciplined manner,” AREIT president and chief executive Alberto de Larrazabal said.
“As we continue to scale, we remain focused on delivering consistent returns to shareholders while maintaining portfolio quality and financial resilience,” he said.
Stockholders approved in December 2025 a P19.5-billion property-for-share swap with sponsor Ayala Land Inc. involving Ayala Center Cebu and Ayala Malls Feliz. The transaction is expected to raise the company’s assets under management to approximately P159 billion once completed.
The board also approved a fourth-quarter cash dividend of P0.62 per common share, payable on March 20, 2026. This brings the total dividends for 2025 to P2.41 per share, representing a 5.7-percent increase from P2.28 in 2024.
