Ayala Land Q1 profit falls to P5.4B

MANILA, Philippines — Ayala Land Inc. reported weaker first-quarter earnings, with its net income falling to P5.4 billion in 2026 from P6.9 billion a year ago, despite stronger leasing. The Zobel-led firm said on Thursday that its revenues reached P37.5 billion. The property giant leaned on steady leasing and hospitality operations to cushion softer profitability.