Ayala Land REIT H1 2021 Net Income Up 31% (GMA News Online)
August 9, 2021 – Ayala Land-backed real estate investment trust (REIT) AREIT Inc. saw a double-digit increase in its net profit during the first half of 2021.
In a disclosure to the Philippine Stock Exchange on Friday, AREIT reported a net income of P1.34 billion, up 31% from a year earlier.
The company posted P1.36 billion in revenues, up 49% year-on-year, and P1.05 billion in earnings before interest, taxes, depreciation and amortization (EBITDA), up 39% in the same period last year.
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