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AREIT, Inc. (AREIT), the real estate investment trust of Ayala Land, Inc. (ALI), reported a net income of P1.23 billion last year, up 42 percent if excluding a one-time gain in 2019. In a disclosure to the Philippine Stock Exchange, the firm said the higher profit is on account of its stable oper
Published January 19, 2021, 5:00 AM AREIT, Inc. (AREIT), a subsidiary of Ayala Land, Inc. (ALI), reaped multiple international awards and citations in 2020 as the first Real Estate Investment Trust (REIT) to list in the Philippine Stock Exchange (PSE) last year. The landmark debut saw AREIT successfully complete its initial public offering (IPO) that has made the Philippine property market more inclusive and accessible to Filipino investors. The AREIT IPO was named the South East Asia Deal of the Year by FinanceAsia, which commended AREIT’s “determination and dedication to opening the Phi...
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