AyalaLand Logistics Marks ₱635-M Net Income For 2023

AyalaLand Logistics Holdings Corp. (ALLHC), an Ayala Land, Inc. (ALI) subsidiary, reported achieving consolidated revenues of PHP3.51 billion and a net income amounting to PHP635 million for the full year 2023.

ALLHC highlighted that demand for industrial lots remained robust in 2023, noting that lots sold reached a total gross value of P2.6 billion, which is a record high for the company. I Photo: AyalaLand Logistics Holdings Corp.

In its disclosure to the Philippine Stock Exchange (PSE), ALLHC highlighted that demand for industrial lots remained robust in 2023, noting that lots sold reached a total gross value of P2.6 billion, which is a record high for the company.

It mentioned, however, that booked industrial lot sales revenues experienced a 34% dip from the previous year and settled at PHP1.55 billion, which it attributed to ongoing development works for the company’s industrial estates.

ALLHC launched in April 2023 the 55-hectare Batangas Technopark in Padre Garcia, Batangas, its fifth industrial estate, which it said has been well-received by buyers and investors.

The company further reported that warehouse leasing revenues posted a 2% growth to PHP659 million despite the facilities' upgrade in ALogis Calamba, which was completed and leased at the end of the second quarter of 2023.

In the second quarter, ALLHC commenced construction for ALogis Mabalacat in Pampanga Technopark and its first build-to-suit facility located in Cavite Technopark.

Its cold storage revenues increased by 46% year-on-year to PHP176 million mainly driven by the contribution from full-year operations of ALogis Artico Mandaue and higher overall occupancy.

Meanwhile, commercial leasing recorded an 8% growth to PHP872 million from improvements in the malls' occupancies and rental rates, paired with increased customer foot traffic and steady office tenancy.

Robert S. Lao, President and Chief Executive Officer of ALLHC, emphasized, “In 2023, focus was placed on laying the groundwork for our ongoing and upcoming endeavors. We maintain a strong belief in the potential of our ongoing projects in our pipeline. The projects underway position us well for growth, and their continued progress affirms our positive outlook for 2024 and the coming years.”

He disclosed that for 2024, ALLHC envisions making significant progress in land development works for its two industrial townships, namely Pampanga Technopark and Batangas Technopark.

Anchored by the industrial parks, both developments will integrate commercial and mixed-use components such as transport terminals, gas stations, retail and quick-service restaurants, and a “bagsakan” or agricultural wholesale market, Mr. Lao stressed.

He further bared that their other projects on track to be finished this year are the ALogis Mabalacat and Naic warehouse facilities, and the first phase of the A-FLOW data center campus with 6MW of IT capacity.

ALLHC will likewise further augment growth with the construction of a warehouse facility in Metro Manila, a cold storage facility in Luzon, and two more in the Visayas and Mindanao regions within the year.

All these are efforts of increasing the company's recurring revenue businesses, he shared.

"Our future deliveries enable us to follow through on our commitment to expand not just our network of industrial properties nationwide but also our industry presence," Mr. Lao declared.

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