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Consolidated revenues of P1.6 billion and net income of P339 million achieved in the first half of 2022
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AyalaLand Logistics Holdings’ growth in all segments sustained its bottomline expansion
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ALLHC says it remains committed to transforming places into industrial and logistics centers and diversifying its product lines further in 2022
AyalaLand Logistics Holdings Corp. (ALLHC) reported a net income of P339 million on consolidated revenues of P1.6 billion in the first half of 2022.
Steady demand for industrial lots contributed PP657 million in revenues, up 8% from P611 million in the first six months of last year, ALLHC said in a statement.
The warehouse leasing segment grew its topline to P351 million, up 70% from P206 million, propelled by improved overall occupancy and the inclusion of 64,000 square meters of new gross leasable area from ALogis Sto. Tomas in Batangas that it acquired early this year.
Cold storage revenue grew 371% to P57 million from P12 million with the addition of its ALogis Artico facility in Biñan.
Commercial leasing revenue was P353 million, rising 62% from last year’s P218 million, on improved customer foot traffic in Tutuban Center and South Park Center.
“The first half of the year showed encouraging results given the continuing opening of the economy. Growth momentum from our bottom line was sustained as operations remain stable. As we continue building up our asset portfolio and strengthening our leasing segments, we are optimistic about the company’s growth prospects in the industrial real estate space,” ALLHC chief operating officer Patrick Avila said.
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In 2022, ALLHC remains committed to transforming places to industrial and logistics centers and diversifying its product line further, the company said.
ALLHC and FLOW Digital Infrastructure signed a framework agreement in May to develop carrier-neutral data centers across the Philippines. This is to address the rising demand for digital infrastructure with the initial target of rolling out a 4.5-megawatt facility.
ALLHC also acquired 55 hectares of land in Padre Garcia, Batangas, for its future industrial estate, the Batangas Technopark. With this acquisition, ALLHC is present in six key areas, on track with its target of 10 key locations nationwide by 2025.
A subsidiary of Ayala Land Inc., ALLHC has principal business interests in holding companies, commercial leasing, industrial lot sales and development, and retail electricity supply.
Its subsidiaries include Laguna Technopark Inc.; Unity Realty Development Corp.; Orion Land Inc.; Tutuban Properties Inc.; LCI Commercial Ventures Inc., and FLT Prime Insurance Corp.
