Ayala Land targets leasing growth and capital recycling in 2027
The Philippine developer plans ₱30 billion in project launches while aiming to keep total debt unchanged under its base case.
Ayala Land Inc. is targeting double-digit growth in commercial leasing in 2027 and plans capital recycling worth ₱30 billion to ₱40 billion, the company said in its strategy announcement. Shopping malls are expected to lead the leasing expansion.
The developer said it wants earnings to grow at twice the pace of national gross domestic product. It projects that commercial leasing will generate more than 60% of company earnings before interest, taxes, depreciation and amortisation, making recurring income its main earnings contributor.
Retail expansion follows the opening of almost 200,000 square metres of gross leasable area in late 2026, including The Exchange at TriNoma, according to Ayala Land. A further 50,000 square metres is due for completion during 2027 at Arca South, Parklinks and Park Central Plaza.
For property development, the company plans launches valued at ₱30 billion. Its residential focus is on projects outside Metro Manila with prices below ₱20 million. Scheduled deliveries cover 13,000 units across key developments, including Gardencourt Residences and Parklinks North Tower.
Ayala Land said its capital recycling plans include infusions into AREIT, sales of receivables and strategic asset monetisation. Under its base case, total debt would remain unchanged, with excess proceeds from capital recycling directed towards reducing debt.
President and CEO Anna Ma. Margarita Dy said the strategy centres on choosing where to expand, how to allocate capital and how to generate shareholder value, with the aim of sustaining long-term earnings growth.
