Buyer's Guide to Ayala Land

Ayala Land listing P3-b housing bonds
posted August 26, 2016 at 11:30 pm
by Jenniffer B. Austria

SOURCE: http://thestandard.com.ph/business/214426/ayala-land-listing-p3-b-housing-bonds.html

Ayala Land Inc. plans to list its Homestarter Bonds worth P3 billion with the Philippine Dealing & Exchange Corp.

The listing will be the first for Ayala Land’s pioneering financial instrument that aims to givehome buyers the opportunity to purchase real estate products.

Ayala Land said in a filing with the Securities and Exchange Commission the P3-billion Homestarter Bonds would have a tenor of three years and a fixed interest rate of 3 percent a year.

BPI Capital is the lead underwriter of the offering, while China Banking Corp. and PNB Capital and Investment Corp. are the joint underwriters of the transaction.

Ayala Land has issued seven tranches of Homestarter Bonds since they were first launched in 2006.

The bond has served an effective savings instrument for many bondholders. It is an interest-earning financial instrument that targets retail investors, who wants to earmark funds that may be used as full or partial downpayment in the purchase of an Ayala Land property.

The bonds are the first of such to issued from Ayala Land’s P50-billion debt securities program earlier approved by the SEC.

Ayala Land has increased the maximum subscription to P10 million per eligible bondholder from P5 million under the previously issued Homestarter Bonds.

Bondholders at the end of the three-year period will have the option to apply the principal amount, including interests, as partial or full payment for the purchase of a house and lot or condominium being developed by various units of Ayala Land.

Ayala Land earlier said net income rose 16 percent in the first half of the year to P9.74 billion from P8.39 billion year-on-year, after aggressively launching real estate projects to boost the residential and recurring income businesses.

First-half consolidated revenues rose eight percent to P54.76 billion from P50.61 billion.

Ayala Land lunched P65.7 billion worth of real estate projects in the first six months of the 2016.

It registered reservation sales of P55.1 billion in the six-month period with sales to migrant Filipino workers reaching P12.7 billion, up three percent from a year ago level.

Ayala Land says H1 net income up 16% at P9.74B 1 / 22
SOURCE:

http://www.msn.com/en-ph/money/topstories/ayala-land-says-h1-net-income-up-16percent-at-p974b/ar-BBvpLD5?li=BBr8Mkm

Ayala Land Inc. posted a net income of P9.74 billion in the first half of 2016, up 16 percent from P8.39 billion a year earlier.

Consolidated revenue stood at P54.76 billion, up by 8 percent from P50.61 billion.

The company’s core businesses such as property development, commercial leasing, and services, grew by 8 percent year-on-year at P51.45 billion.

This was propelled by the coordinated expansion of its large mixed-use estates in key growth areas nationwide, Ayala Land said in a disclosure to the Philippine Stock Exchange on Tuesday.

“Ayala Land continues to capitalize on the growth in the real estate sector. Our established estates drove our performance, alongside increasing contributions from similar mixed-use developments that we’ve launched over the last five years,” Bernard Vincent O. Dy, Ayala Land president and CEO, said in a statement.

“In the first half of 2016, we also introduced new residential products, opened new malls and offices, and broke ground on additional leasable assets in line with our objective of balancing our development and recurring income portfolio,” Dy added.

Property development, which includes the sale of residential lots and units, office spaces, as well as commercial and industrial lots, generated revenue of P33.66 billion, up 6 percent from P31.85 billion.

Commercial leasing, which covers the operation of shopping centers, offices, and hotels and resorts, recorded total revenue of P12.76 billion, up 12 percent from P11.40 billion.

The company spent P43.35 billion for project and capital expenditures. — Ted Cordero/VDS, GMA News

ALI nets P9.74B

By: Doris Dumlao-Abadilla
Philippine Daily Inquirer
01:01 PM August 9th, 2016
SOURCE: http://business.inquirer.net/213190/ali-nets-p9-74b#ixzz4GpVbj4W4

PROPERTY giant Ayala Land Inc. grew its first semester net profit by 16 percent year-on-year to P9.74 billion on higher earnings across its property development and commercial leasing businesses.

Consolidated revenues grew by 8 percent to P54.76 billion in the first six months on the back of growth across all core businesses – property development, commercial leasing and services. The performance was attributed by ALI to the coordinated expansion of its large mixed-use estates in key growth areas nationwide.

“Ayala Land continues to capitalize on the growth in the real estate sector. Our established estates drove our performance, alongside increasing contributions from similar mixed-use developments that we’ve launched over the last five years. In the first half of 2016, we also introduced new residential products, opened new malls and offices, and broke ground on additional leasable assets in line with our objective of balancing our development and recurring income portfolio,” ALI president Bernard Vincent Dy said in a press statement on Tuesday.

Property development generated revenues of P33.66 billion in the first six months, 6 percent higher than the previous year. This segment includes the sale of residential lots and units, office space as well as commercial and industrial lots.

Commercial leasing- covering the operation of shopping centers, offices, and hotels and resorts – recorded total revenues of P12.76 billion, 12 percent higher year-on-year.

The company spent a total of P43.35 billion for project and capital expenditures.

SOURCE: http://business.inquirer.net/213190/ali-nets-p9-74b#ixzz4GpVbj4W4