In a recent press release, AREIT will add the One Ayala Avenue Towers and Glorietta 1 and 2 (malls + BPO office) this year, subject to shareholder approval.

I’ve said this before and will say it again: AREIT is the gold standard among the Philippine REITS. The quality and mix of income generating assets that it holds is hard to match. Its growth in terms of dividends and gross leasable area is also impressive and quite frankly leaves the other REITs behind, trying to play catch up.

I was quite surprised at the planned infusion of the One Ayala Avenue Towers in Makati since they are brand new buildings. That these office properties are almost fully leased out is a testament to the truth behind the real estate mantra of: location, location, location. It’s also good for AREIT investors that more malls are being added to the portfolio, in this case Glorietta 1 & 2 in Makati and MarQuee mall in Pampanga.

I was hoping they would add more hotels / resorts and industrial properties from AyalaLand Logistics Holdings as well – next year perhaps? It is reassuring for investors that AREIT is continuously growing and diversifying the portfolio. I will surely be attending the annual stockholders meeting on April 26 and should AREIT conduct a follow-on offering, I’m all in!