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Areit profit hits P844M in first 9 months

Areit profit hits P844M in first 9 months – The Manila Times

Listed Areit Inc.’s net income grew to P844 million in January to September on the back of the stable operations of its leasing portfolio amid the coronavirus pandemic. In a filing on Friday, the Ayala Land Inc.-backed real estate investment trust company reported that its revenues climbed by 3 percent to P1.4 billion, while its earnings before interest, tax, depreciation and amortization increased by 4 percent to P1.1 billion.