Philippines · Delayed Price · Currency is PHP AREIT Company Description
AREIT, Inc. (AREIT) was incorporated on September 4, 2006 as a real estate company.
Initially known as One Dela Rosa Property Development, Inc., it adopted its current name on April 12, 2019.
As the first Real Estate Investment Trust (REIT) in the Philippines, AREIT is dedicated to owning and investing in a portfolio of income-generating commercial properties, including office, retail, and hotel spaces that align with its investment criteria.
AREIT is committed to expanding its portfolio of office, shopping center, and hotel properties and exploring other types of real estate properties as the opportunity arises.
As of the end of 2024, AREIT’s gross leasable area (GLA) stands at 3.9 million square meters (sqm). With Assets Under Management (AUM) valued at P117 billion, AREIT is the largest and most diversified REIT in the Philippines.
This highlights AREIT’s extensive portfolio, demonstrating its significant footprint in the real estate industry.
AREIT was publicly listed on the Philippine Stock Exchange on August 13, 2020. As of December 31, 2024, 38% of the company is publicly held, while the remainder is owned by its sponsor, Ayala Land, Inc. (Ayala Land or ALI), its wholly owned subsidiaries, and a wholly owned subsidiary of our sister company, ACEN Corporation (ACEN).
AREIT offers an investment opportunity with a stable yield, distributing at least 90% of its distributable income from high-quality properties with strong tenant demand.
Supported by Ayala Land and managed by experienced fund and property management companies, AREIT Fund Managers, Inc. (AFMI) and AREIT Property Managers, Inc. (APMI), respectively, the company is well-positioned for revenue and net operating income growth.
| Country | Philippines |
| Founded | 2006 |
| Industry | Residential & Commercial REITs |
| Sector | Real Estate |
| CEO | Jose Eduardo Quimpo |
Contact Details
Address: 28th Floor Makati City, 1226 Philippines | |
| Phone | 632 7908 3296 |
| Website | areit.com.ph |
Stock Details
| Ticker Symbol | AREIT |
| Exchange | Philippine Stock Exchange |
| Fiscal Year | January - December |
| Reporting Currency | PHP |
| ISIN Number | PHY1001D1010 |
| SIC Code | 6798 |
Key Executives
| Name | Position |
|---|---|
| Jose Eduardo Quimpo | Chief Executive Officer |
| Ma. Teresa Famy | Chief Financial Officer |
| Michael Anthony Garcia | Head of Investor Relations |