AyalaLand Logistics' earnings flat in H1

In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues dipped six percent to P1.5 billion in the first semester of 2023 from the P1.6 billion generated in the same period last year.

Overall occupancy is expected to rise within the second half of the year as tenants commence with their operations. "In the first half of the year, the company's performance remained sound. We remain positive that our diversified real estate portfolio, alongside our up-and-coming projects in the pipeline, will propel the business forward," said ALLHC Chief Operating Officer Patrick C. Avila.

Likewise, ALLHC successfully tenanted its 18,000-sqm facility in Calamba last May to a logistics firm that services the demand from a leading automotive company.The development is the biggest ALLHC industrial township development to date and will include a "bagsakan" or agricultural wholesale market with all the support facilities such as cold storage, dry warehouse facilities, and public transport terminal.

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