Philippine Stock Exchange-listed AREIT has reported revenue of PHP1.36 billion (USD26 million) and EBITDA of PHP1.05 billion for its 1H 2021.
These represent year-on-year increases of 49% and 39% respectively.
The Ayala Land-sponsored REIT has attributed this result to income contribution from new acquisitions, rent escalations at existing leases, and its high occupancy figure of 99%.
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