Following a period of reinvestment in its flagship malls.
According to Ayala Land, Inc. (ALI), it has recorded higher occupancy and visitor traffic in its malls during the first six months of 2026.
The company said that its shopping center portfolio reached a 90% lease-out rate as of end-June. It is 3 percentage points higher than the 87% it recorded during the same period in 2025.
Same-mall revenues also increased 7% and visitor footfall grew 5% within the same span.
It also reported that the EBITDA (earnings before interests, taxes, depreciation, and amortization) margin remained healthy at 61%.
The company told that it that the performance is driven by higher occupancy, growing merchant sales, and early returns from completed reinvention works.
Back in 2024, it started a “mall reinvention program,” which saw renovation works in its popular shopping malls such as Glorietta and Greenbelt in Makati, Trinoma in Quezon City, and Ayala Center Cebu.
Mariana Zobel de Ayala, Head of Leasing and Hospitality of Ayala Land, shared,“Our reinvention is about keeping our malls relevant as customer needs and retail continue to evolve.”
The property giant said that it has already substantially finished works and will now focus on sustaining the growth it has seen and will also expand presence in emerging growth centers.
The company revealed the next malls to be upgraded are Ayala Malls Abreeza in Davao, Ayala Malls MarQuee in Angeles City, and Ayala Malls Cloverleaf in Quezon City as being among the properties moving into the next phase of reinvention.
“As we complete the physical transformation of our flagship assets, our focus is on strengthening the overall customer experience, supporting our tenants and ensuring that these properties continue to perform and create value over the long term,” the company official furthered.
Meanwhile, Ayala Land also recentkytlaunched Ayala Malls Arca South, and is set to open Ayala Malls Gatewalk in Mandaue City, Cebu this December.
In total, the company expects to deliver approximately 200,000 square meters of new retail gross leasable area this year.
