Ayala Land marks its 30th PSE listing anniversary
Ayala Land, Inc. (ALI) celebrated its 30th year as a listed company at the Philippine Stock Exchange (PSE) through a bell-ringing ceremony at the PSE Tower’s Trading Floor in Bonifacio Global City. Joining ALI Chairman Fernando Zobel de Ayala on the trading floor were ALI President and CEO Bernard Vincent Dy, ALI CFO Augusto D. Bengzon and PSE SVP and COO Roel Refran with fellow PSE executives, while PSE Board members joined virtually. Sharing their messages of congratulations to the company were Finance Secretary Carlos Dominguez III, SEC Chairman Emilio B. Aquino, and PSE President and CEO Ramon Monzon.
ALI went public on July 5, 1991 with a P2.5 billion stock offering, this despite a challenging business environment brought about by crises such as the Gulf War and the Mt. Pinatubo eruption. The company offered a total of 96 million class B shares at a price of P26 per share, making it the largest equity offering at that time. The listing was well received by the market as it was four to five times oversubscribed, and the proceeds generated were used to finance real estate development projects and future acquisitions.
“This landmark listing unlocked Ayala Land’s potential and opened immense opportunities to expand into new geographies and product lines to serve a wider stakeholder base,” said Zobel de Ayala, adding that the company now has a total of 30 sustainable estates around the country from only three during its listing.
ALI maintains a total land bank of 12,483 hectares nationwide as it continues to widen its reach through diversified offerings across five residential brands, with 2.12 million square meters of malls, 1.23 million square meters of offices, 4,030 hotel and resort rooms, and a recent expansion into new leasing formats such as warehousing, co-living and co-working spaces.
“The company’s total assets, revenues, and net income have posted compounded annual growth rates of 16 percent, 12 percent and 9 percent, respectively, since our listing. These results have brought ALI’s market capitalization from 42 billion in 1991 to over 500 billion at present, a near 14-fold increase, making Ayala Land among the largest companies in the Philippine Stock Exchange Index,” added the ALI Chairman as he thanked the PSE, SEC and the company’s shareholders for their trust, support and guidance through the years.
“The ALI of today is a product of the hard work, values, and vision of many enterprising and committed people over the past three decades, including the many clients, merchants, and partners who have trusted us over the years as well. Allow me to extend my deepest appreciation and warmest thanks to everyone who were and continue to be with us in this journey. Moving forward, we are more committed than ever to realize the vision of Enhancing Land and Enriching Lives, especially during these critical times.”