Since it’s maiden public offering 30 years ago, the market capitalization of real estate giant Ayala Land Inc. has ballooned to over P500 billion from P42 billion, making ALI among the largest companies in the Philippine Stock Exchange Index.

The Philippine Stock Exchange, Inc. (PSE) and ALI have just jointly celebrated ALI’s 30th anniversary as a publicly-listed company.

ALI went public on July 5, 1991 with a P2.5 billion stock offering, this despite a challenging business environment brought about by crises such as the Gulf War and the Mt. Pinatubo eruption.

The company offered a total of 96 million class B shares at a price of P26 per share, making it the largest equity offering at that time.

“The company’s total assets, revenues, and net income have posted compounded annual growth rates of 16 percent, 12 percent and 9 percent, respectively, since our listing,” said ALI Chairman Fernando Zobel de Ayala.

He noted that, “This landmark listing unlocked Ayala Land’s potential and opened immense opportunities to expand into new geographies and product lines to serve a wider stakeholder base.”

“The success of Ayala Land in the last 30 years is a testament to the confidence that its stakeholders has placed in the company – that it will rise above challenges and continue to deliver its brand of excellence in all its projects and in the way it takes care of its stakeholders,” said , PSE President and CEO Ramon S. Monzon.

Aside from it’s landmark listing 30 years ago Monzon cited ALI’s decision to be the first mover in the local real estate investment trust (REIT) space and its consistent inclusion as a component of the Dow Jones Sustainability Indices since 2013.

Department of Finance Secretary Carlos G. Dominguez III said that, “Even amidst the pandemic, it conducted its P13.6 billion REIT offering which marked the first REIT listing in the country. This landmark issuance opened the road for more REITS to come to market and provide attractive and dependable investment opportunities for the average Filipino.”

SEC Chairman Emilio B. Aquino applauded ALI’s sustainability practices. “Even before the Commission published the Guidelines on the submission of the sustainability reports in 2019, ALI has already developed four sustainability focus areas which are aligned with the UN Sustainable Development Goals. We are glad that ALI has taken this initiative and recognized the importance of sustainability in our country and the world.”

“The ALI of today is a product of the hard work, values, and vision of many enterprising and committed people over the past three decades, including the many clients, merchants, and partners who have trusted us over the years as well. Allow me to extend my deepest appreciation and warmest thanks to everyone who were and continue to be with us in this journey,” said Zobel.