-
AyalaLand Logistics Holdings Corp. registered consolidated revenues of P5.2 billion and a net income of P701 million in 2024, a 48% and 10% increase year-on-year, respectively
-
Sales of industrial lots totaled P3.3 billion in 2024 while revenues from the leasing businesses reached P1.8 billion, supported by solid performances across warehouse, cold storage, and commercial assets
-
ALLHC ended the year with a total warehouse GLA of 340,000 square meters and a pallet position count of 20,300
AyalaLand Logistics Holdings Corp. (ALLHC) registered consolidated revenues of P5.2 billion and a net income of P701 million in 2024, a 48% and 10% increase year-on-year, respectively.
Sales of industrial lots totaled P3.3 billion in 2024, largely driven by Laguindingan Technopark in Misamis Oriental and increased completion progress for developing industrial estates, ALLHC said in a stock exchange disclosure.
Revenues from the leasing businesses reached P1.8 billion, supported by solid performances across warehouse, cold storage, and commercial assets.
Warehouse revenues amounted to P761 million from additional gross leasable area (GLA) and improved occupancy.
ALLHC ended the year with a total warehouse GLA of 340,000 square meters (sqm), an 8% increase from 314,000 sqm in 2023.
The addition includes deliveries in ALLHC’s ALogis Calamba facility in Laguna and ALogis Naic in Cavite. During the second quarter of 2024, ALLHC commenced construction of the second phase of its ALogis Mabalacat facilities in Pampanga Technopark that will add 18,000 sqm to the warehouse inventory at full completion.
Cold storage revenues, meanwhile, registered at P164 million in 2024. ALLHC last year launched two cold storage facilities with the opening of Artico Santo Tomas in Batangas in May and Artico Mabalacat in December.
Nearly doubling its capacity, ALLHC closed the year with a pallet position count of 20,300 versus 10,300 the year prior.
Commercial leasing posted P919 million in revenues last year on the back of improved mall occupancies and steady office tenancy.
“Our success in 2024 reaffirm the strength of our strategy and our ability to execute across our businesses,” said ALLHC president and chief executive officer Robert S. Lao.
“As we look ahead, we remain steadfast in expanding our capacity, broadening our industrial real estate network, and scaling our market presence to support sustainable growth,” Lao added.
For 2025, ALLHC said it will augment its growth by increasing its industrial park footprint with expansions for its existing technoparks. ALLHC likewise expects warehouse leasing and cold storage segments to grow with the addition of new sites and facilities to the portfolio.
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.
