Manila, Feb 21, 2026, 17:00 GMT+8 — The session wrapped up as the market closed.
AREIT slipped 0.46% to close at 43.50 pesos on Friday in Manila, as the Philippine Stock Exchange wrapped up for the week. Shares moved in a tight 43.25 to 43.70 peso range, with 897,600 shares traded. The market now pauses for the weekend, and investors are eyeing the next move for this dividend-focused stock. 1
AREIT reported total revenues up 26% to P13.0 billion for 2025. EBITDA, the company’s stand-in for operating profit, jumped 27% to P9.5 billion. Net income, stripping out the fair-value shift in investment properties, increased 28% to P9.4 billion, according to the disclosure. The company aims to file its annual report by April 15. 2
Timing is in focus here. Bangko Sentral ng Pilipinas trimmed its key rate by 25 basis points on Thursday, moving it down to 4.25%—marking the sixth rate cut in a row. That shift could add some shine to dividend-paying stocks, especially if the cost of borrowing continues to slide. “We’re less certain about how soon confidence will return,” BSP Governor Eli Remolona said at a press conference. 3
AREIT’s President and CEO Alberto M. de Larrazabal pointed to “the strength and quality of our portfolio” and disciplined execution as drivers behind the 2025 results. The company, he said, is keeping the spotlight on “consistent returns” while moving forward with the P19.5 billion property-for-share swap—already approved—with sponsor Ayala Land and Summerhill Commercial Ventures. That transaction, which brings Ayala Center Cebu and Ayala Malls Feliz into the mix, is set to boost assets under management when it goes through. 4
AREIT pointed to income from its 2025 acquisitions—Central Bloc’s office space, an Ayala mall and hotel in Cebu, properties in both Davao and Cagayan de Oro—as performance drivers. The year wrapped up with occupancy at 99%, gross leasable area hitting 4.3 million square meters, and assets under management totaling P139.3 billion. 5
Stocks saw some strength heading into the weekend, with the PSEi climbing 0.9% Friday to 6,465.12. Property names also moved higher, as the sector index added 0.42%. 6
AREIT, backed by Ayala Land, holds a portfolio of income-producing properties—offices, malls, hotels, and industrial land—according to its company profile on the exchange. Dividend-focused investors regularly compare AREIT to other Philippine REITs like RL Commercial REIT, MREIT, and Filinvest REIT, especially as interest rate expectations fluctuate. 7
Still, the landscape can shift fast. A resurgence in inflation or lingering doubts about the economy could stall rate cuts and lift bond yields — a scenario that typically pressures REIT prices and chips away at appetite for yield-focused stocks.
Looking to the coming week, AREIT’s latest cash dividend is now in focus—a payout of 0.62 pesos per share. The ex-dividend date lands on March 4, followed by a record date of March 5. Investors can expect payment to hit on March 20. 8
