AyalaLand Logistics Holdings Corp. (ALLHC), a company owned by Ayala Land that builds and operates industrial parks and warehouses, earned P5 million in net income during the first three months of 2026, according to a press release filed with the Philippine Stock Exchange on May 5, 2026.

The company brought in total revenues of P725 million during this period. Think of revenues as all the money coming into the company from selling lots and renting out buildings, while net income is what’s left after paying all the bills and expenses.

What Happened: Two Different Stories

ALLHC makes money in two main ways: selling industrial lots (pieces of land where factories can be built) and leasing properties (renting out warehouses and storage spaces). Here’s how each part performed:

Industrial Lot Sales Slowed Down

Sales from industrial lots brought in P165 million in revenues, which is 58% lower compared to P394 million during the same period last year. According to the company, this drop happened because their newer projects are still in early stages of completion.

However, there’s good news: people are still interested in buying. Sales reservations (like when someone reserves to buy something) reached P517 million, which is actually 46% higher than last year. The company expects to officially record these sales later this year once buyers complete their payments and the projects move forward.

Leasing Business Keeps Growing

The leasing side of the business performed much better. ALLHC’s leasing revenues grew 19% to P551 million compared to last year. This growth came from more tenants renting their spaces, especially in cold storage facilities.

Here’s how different types of leasing performed:

• Warehouse leasing: Generated P202 million, up 7% from last year, thanks to new warehouse space that opened in 2025
• Cold storage: Brought in P118 million, jumping 157% compared to last year as more companies started using these refrigerated storage facilities
• Commercial leasing: Stayed steady at P231 million

Why Net Income Was Lower

Even though the leasing business grew, ALLHC’s net income dropped to just P5 million. The company explained this happened because they sold fewer lots compared to last year, and they also had to pay more for depreciation (the decrease in value of their buildings over time) and financing costs (interest on money they borrowed) related to their previous expansion projects.

What the Company Says

ALLHC President and CEO Robert S. Lao acknowledged the challenging market conditions but remained positive about continued interest in their Technopark developments. He noted that while earnings are lower in the short term, their leasing properties provide stability and the company is being careful and disciplined with how they spend money on new projects.

About AyalaLand Logistics Holdings Corp.

ALLHC is a subsidiary of Ayala Land, Inc. and is described as the leading industrial real estate company in the Philippines. The company operates in nine locations across the country, building and managing industrial parks, warehouses, cold storage facilities, data centers, and commercial properties.

Their developments include industrial estates (large areas with factories and warehouses) in Laguna, Cavite, Pampanga, Batangas, and Misamis Oriental. They also have warehouse buildings in multiple provinces and cold storage facilities in six locations. In November 2025, they launched the A-FLOW ML1 Data Center in Laguna. Their commercial properties include Tutuban Center in Manila and South Park Center in Muntinlupa City.

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.