Ayala Land first-quarter net income drops 23%

9 articles · Updated · Bloomberg · Apr 30

The Philippine property developer posted net income of 5.37 billion pesos, or $87.2 million, for the three months ended March.
Property development revenue, the bulk of it from home sales, fell 27% to 20.3 billion pesos, driving the earnings decline.
Ayala Land said weaker home sales were the main cause, while the Middle East war was seen weighing on consumption and economic growth.

A top developer refunded ₱10 billion on a luxury project. Is the Philippine luxury real estate market on shaky ground?

A war in Iran has doubled Philippine fuel prices. Which industry will face a downturn after real estate?

Ayala Land is betting on malls over condos. Will this pivot secure its future or stifle long-term growth?