Cash flow AREIT, Inc.

Equities

AREIT

PHY1001D1010

Commercial REITs

Market Closed - Philippines S.E. Other stock markets 04:59:06 13/05/26 pm AEST			5-day change	1st Jan Change
38.20 ^PHP	-0.26%		-0.91%	-12.18%

24/04	AREIT, Inc. Announces Appointment of Chairpersons and Members of the Board Committees	CI
27/02	Ayala Land sells 88 million common shares of AREIT	RE

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Published financial data: AREIT, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Rental Revenues	2.51B	3.81B	5.44B	7.56B	8.83B
Interest and Investment Income, Total (Revenue Block)	189M	222M	451M	1.16B	2.14B
Other Revenues, Total	621M	1.04B	1.25B	1.54B	1.99B
Total Revenues	3.32B	5.07B	7.14B	10.26B	12.96B
Property Expenses	816M	1.36B	1.98B	2.66B	3.3B
Selling General & Admin Expenses, Total	103M	79.49M	126M	91.33M	127M
Other Operating Expenses	10.5K	10.5K	-	-	-
Total Operating Expenses	919M	1.44B	2.1B	2.75B	3.43B
Operating Income (REIT / Utility Template)	2.4B	3.63B	5.04B	7.51B	9.53B
Interest Expense, Total	-170M	-229M	-237M	-319M	-274M
Interest and Investment Income	56.97M	34.33M	134M	174M	177M
Net Interest Expenses	-113M	-194M	-103M	-145M	-96.99M
Other Non Operating Income (Expenses)	-15.36M	-2.62M	2.68K	223K	70.44K
EBT, Excl. Unusual Items	2.27B	3.44B	4.93B	7.36B	9.43B
Asset Writedown	165M	-549M	99.25M	-43.37M	109M
EBT, Incl. Unusual Items	2.43B	2.89B	5.03B	7.32B	9.54B
Income Tax Expense	48.47K	124K	1.07M	3.11M	1.49M
Earnings From Continuing Operations	2.43B	2.89B	5.03B	7.32B	9.54B
Net Income to Company	2.43B	2.89B	5.03B	7.32B	9.54B
Net Income - (IS)	2.43B	2.89B	5.03B	7.32B	9.54B
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	2.43B	2.89B	5.03B	7.32B	9.54B
Net Income to Common Excl. Extra Items	2.43B	2.89B	5.03B	7.32B	9.54B
Per Share Items
Net EPS - Basic	1.64	1.91	2.6	2.62	2.75
Basic EPS - Continuing Operations	1.64	1.91	2.6	2.62	2.75
Basic Weighted Average Shares Outstanding	1.48B	1.51B	1.93B	2.79B	3.46B
Net EPS - Diluted	1.64	1.91	2.6	2.62	2.75
Diluted EPS - Continuing Operations	1.64	1.91	2.6	2.62	2.75
Diluted Weighted Average Shares Outstanding	1.48B	1.51B	1.93B	2.79B	3.46B
Normalized Basic EPS	0.96	1.42	1.6	1.65	1.7
Normalized Diluted EPS	0.96	1.42	1.6	1.65	1.7
Dividend Per Share	1.77	1.98	2.15	2.28	2.41
Payout Ratio	71.24	100.85	80.86	79.5	83.04
Supplemental Items
EBITDA	2.4B	3.63B	5.04B	7.51B	9.53B
EBITA	2.4B	3.63B	5.04B	7.51B	9.53B
EBIT	2.4B	3.63B	5.04B	7.51B	9.53B
EBITDAR	2.57B	3.9B	5.46B	8.1B	10.27B
Total Revenues (As Reported)	3.32B	5.07B	7.14B	10.26B	12.96B
Effective Tax Rate - (Ratio)	0	0	0.02	0.04	0.02
Total Current Taxes	-	-	-	-	1.49M
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	1.42B	2.15B	3.08B	4.6B	5.9B
Interest on Long-Term Debt	63.01M	81.83M	84.13M	86.71M	88.83M
Supplemental Operating Expense Items
General and Administrative Expenses	103M	79.49M	126M	91.33M	127M
Net Rental Expense, Total	169M	262M	422M	587M	740M
Imputed Operating Lease Interest Expense	77.48M	99.61M	180M	390M	475M
Imputed Operating Lease Depreciation	91.49M	162M	241M	198M	264M
Maintenance & Repair Expenses, Total	83.33M	165M	273M	355M	451M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	50.08B	60.87B	3.29M	97.58B	104B
Accumulated Depreciation	-1.92M	-2.01M	-2.23M	-2.52M	-2.86M
Net Property Plant And Equipment	50.08B	60.87B	1.05M	97.58B	104B
Total Real Estate Assets	50.08B	60.87B	1.05M	97.58B	104B
Cash And Equivalents	92.01M	62.75M	41.76M	71.17M	38.15M
Accounts Receivable, Total	406M	822M	1.6B	1.37B	1.88B
Other Receivables	321M	329M	625M	2.79B	4.71B
Notes Receivable (Collected)	599M	773M	2.94B	-	-
Other Current Assets, Total	105M	151M	156M	323M	664M
Deferred Tax Assets Long-Term (Collected)	-	-	-	-	-
Other Long-Term Assets, Total	4.9B	4.68B	87.91B	21.09B	35.85B
Total Assets	56.5B	67.69B	93.27B	123B	147B
Liabilities
Current Portion of Long-Term Debt	-	2.98B	-	-	-
Current Portion of Leases	42.97M	50.29M	54.2M	-	-
Short-Term Borrowings	949M	399M	3.1B	2.14B	2.16B
Long-Term Debt	2.96B	-	-	-	-
Long-Term Leases	1.11B	1.14B	1.16B	1.25B	1.28B
Accounts Payable, Total	99.05M	89.1M	375M	818M	924M
Accrued Expenses, Total	423M	880M	1.43B	77.94M	245M
Current Income Taxes Payable	-	90.77M	203M	98.03M	69.7M
Unearned Revenue, Current	286M	235M	322M	147M	76.1M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	458M	297M	449M	2.23B	3.35B
Unearned Revenue Non Current	713M	647M	1.11B	1.18B	1.42B
Deferred Tax Liability Non-Current	-	-	-	-	-
Other Non Current Liabilities	577M	810M	1.67B	1.92B	1.89B
Total Liabilities	7.62B	7.61B	9.86B	9.85B	11.42B
Preferred Stock Redeemable	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	15.76B	18.28B	24.36B	32.77B	37.83B
Additional Paid In Capital	11.33B	20.02B	36.32B	56.37B	72.22B
Retained Earnings	22.47B	22.44B	23.4B	24.9B	26.52B
Treasury Stock	-673M	-673M	-673M	-673M	-673M
Total Common Equity	48.89B	60.07B	83.41B	113B	136B
Total Equity	48.89B	60.07B	83.41B	113B	136B
Total Liabilities And Equity	56.5B	67.69B	93.27B	123B	147B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.51B	1.76B	2.37B	3.21B	3.72B
ECS Total Common Shares Outstanding	1.51B	1.76B	2.37B	3.21B	3.72B
Book Value / Share	32.4	34.11	35.21	35.32	36.57
Tangible Book Value	48.89B	60.07B	83.41B	113B	136B
Tangible Book Value Per Share	32.4	34.11	35.21	35.32	36.57
Total Debt	5.06B	4.56B	4.31B	3.39B	3.44B
Net Debt	4.97B	4.5B	4.27B	3.32B	3.41B
Debt Equivalent Oper. Leases	1.35B	2.1B	3.37B	4.7B	5.92B
Account Code - Inventory Valuation	3	3	-	3	3
Buildings, Total	-	-	-	-	-
Machinery, Total	2.23M	2.61M	3.29M	3.51M	3.75M
Accumulated Allowance for Doubtful Accounts (Supple)	37.46M	60.4M	117M	149M	173M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	2.43B	2.89B	5.03B	7.32B	9.54B
Depreciation, Depletion & Amortization	42.04K	90.63K	223K	290K	332K
Total Depreciation, Depletion & Amortization	42.04K	90.63K	223K	290K	332K
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	6.2M
Total Asset Writedown	-165M	549M	-99.25M	43.37M	-109M
Change in Accounts Receivable	-683M	-340M	-834M	-88.17M	344M
Change in Accounts Payable	15.79M	534M	961M	852M	1.14B
Change in Other Net Operating Assets (Collected)	489M	94.41M	1.46B	82.85M	576M
Other Operating Activities	39.02M	208M	15.37M	-908M	-1.86B
Cash from Operations	2.13B	3.93B	6.54B	7.3B	9.63B
Acquisition of Real Estate Assets, Total	-5.02B	-81.84M	-202M	-1.35B	-236M
Sale of Real Estate Assets, Total	-	-	-	38.98M	658K
Net Sale / Acquisition of Real Estate Assets	-5.02B	-81.84M	-202M	-1.31B	-235M
Other Investing Activities, Total	882M	-181M	-1.73B	1.22B	-1.27B
Cash from Investing	-4.14B	-263M	-1.94B	-88.24M	-1.5B
Short Term Debt Issued, Total	34.38B	300M	3B	-	-
Long-Term Debt Issued, Total	2.96B	-	-	-	-
Total Debt Issued	37.34B	300M	3B	-	-
Short Term Debt Repaid, Total	-33.49B	-890M	-3.3B	-1B	-
Long-Term Debt Repaid, Total	-37.18M	-49.23M	-53.9M	-55.23M	-53.75M
Total Debt Repaid	-33.53B	-939M	-3.35B	-1.06B	-53.75M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-1.73B	-2.91B	-4.07B	-5.82B	-7.92B
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-1.73B	-2.91B	-4.07B	-5.82B	-7.92B
Other Financing Activities, Total	-35.88M	-148M	-201M	-309M	-187M
Cash from Financing	2.04B	-3.7B	-4.62B	-7.18B	-8.16B
Net Change in Cash	33.03M	-29.26M	-20.99M	29.41M	-33.02M
Supplemental Items
Cash Interest Paid	81.04M	100M	94.84M	167M	107M
Cash Income Tax Paid (Refund)	48.47K	124K	1.07M	3.11M	1.49M
Net Debt Issued / Repaid	3.81B	-639M	-354M	-1.06B	-53.75M
Levered Free Cash Flow	3.07B	1.81B	943M	5.04B	4.31B
Unlevered Free Cash Flow	3.18B	1.95B	1.09B	5.24B	4.48B
Change In Net Working Capital	-1.68B	317M	2.06B	-550M	1.47B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.27	3.66	3.91	4.34	4.4
Return on Total Capital	3.42	3.83	4.13	4.59	4.65
Return On Equity %	5.96	5.3	7.01	7.44	7.65
Return on Common Equity	5.96	5.3	7.01	7.44	7.65
Margin Analysis
Gross Profit Margin %	75.4	73.19	72.29	74.08	74.51
SG&A Margin	3.12	1.57	1.77	0.89	0.98
EBITDA Margin %	72.28	71.63	70.52	73.19	73.53
EBITA Margin %	72.28	71.63	70.52	73.18	73.53
EBIT Margin %	72.28	71.63	70.52	73.18	73.53
Income From Continuing Operations Margin %	73.37	56.92	70.45	71.32	73.61
Net Income Margin %	73.37	56.92	70.45	71.32	73.61
Net Avail. For Common Margin %	73.37	56.92	70.45	71.32	73.61
Normalized Net Income Margin	42.76	42.34	43.17	44.86	45.49
Levered Free Cash Flow Margin	92.59	35.71	13.21	49.15	33.27
Unlevered Free Cash Flow Margin	95.79	38.53	15.28	51.1	34.59
Asset Turnover
Asset Turnover	0.07	0.08	0.09	0.09	0.1
Fixed Assets Turnover	0.08	0.09	8.64K	0.12	0.13
Receivables Turnover (Average Receivables)	9.35	6.2	4.43	7.33	5.43
Short Term Liquidity
Current Ratio	0.67	0.43	0.9	0.83	1.07
Quick Ratio	0.36	0.24	0.38	0.77	0.97
Operating Cash Flow to Current Liabilities	0.94	0.78	1.1	1.33	1.41
Days Sales Outstanding (Average Receivables)	39.03	58.85	82.31	49.92	67.25
Average Days Payable Outstanding	28.18	25.25	42.84	82.08	96.19
Long Term Solvency
Total Debt/Equity	10.35	7.6	5.17	2.99	2.53
Total Debt / Total Capital	9.38	7.06	4.92	2.9	2.47
LT Debt/Equity	8.32	1.89	1.39	1.1	0.94
Long-Term Debt / Total Capital	7.54	1.76	1.33	1.07	0.92
Total Liabilities / Total Assets	13.48	11.25	10.57	8	7.75
EBIT / Interest Expense	14.1	15.89	21.25	23.51	34.73
EBITDA / Interest Expense	14.1	15.89	21.25	23.51	34.73
(EBITDA - Capex) / Interest Expense	14.1	15.89	21.25	23.51	34.73
Total Debt / EBITDA	2.11	1.26	0.86	0.45	0.36
Net Debt / EBITDA	2.07	1.24	0.85	0.44	0.36
Total Debt / (EBITDA - Capex)	2.11	1.26	0.86	0.45	0.36
Net Debt / (EBITDA - Capex)	2.07	1.24	0.85	0.44	0.36
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	62.9	52.96	40.76	43.68	26.32
Gross Profit, 1 Yr. Growth %	57.09	48.49	39.02	47.22	27.06
EBITDA, 1 Yr. Growth %	55.42	51.58	38.59	49.1	26.91
EBITA, 1 Yr. Growth %	55.42	51.57	38.58	49.1	26.91
EBIT, 1 Yr. Growth %	55.42	51.57	38.58	49.1	26.91
Earnings From Cont. Operations, 1 Yr. Growth %	-61.16	18.67	74.21	45.45	30.37
Net Income, 1 Yr. Growth %	-61.16	18.67	74.21	45.45	30.37
Diluted EPS Before Extra, 1 Yr. Growth %	-73.85	16.24	36.15	0.78	5.01
Normalized Net Income, 1 Yr. Growth %	45.5	51.47	43.52	49.29	28.09
Net Property, Plant and Equip., 1 Yr. Growth %	71.57	21.55	75.98	24.69	6.76
Accounts Receivable, 1 Yr. Growth %	211.85	102.45	86.84	98.37	37.14
Total Assets, 1 Yr. Growth %	60.98	19.79	37.8	32.11	19.56
Common Equity, 1 Yr. Growth %	49.01	22.88	38.85	35.92	19.87
Tangible Book Value, 1 Yr. Growth %	49.01	22.88	38.85	35.92	19.87
Cash From Operations, 1 Yr. Growth %	39.43	77.94	66.21	11.64	31.98
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	391.19	-41.01	-47.89	177.96	-14.5
Unlevered Free Cash Flow, 1 Yr. Growth %	376.99	-38.48	-44.17	167.15	-14.48
Dividend Per Share, 1 Yr. Growth %	34.09	11.86	8.59	6.05	5.7
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	40.84	57.85	46.73	42.21	34.72
Gross Profit, 2 Yr. CAGR %	37.76	52.73	43.67	43.06	36.77
EBITDA, 2 Yr. CAGR %	35.61	53.49	44.94	43.75	37.56
EBITA, 2 Yr. CAGR %	35.61	53.49	44.93	43.75	37.56
EBIT, 2 Yr. CAGR %	35.61	53.49	44.93	43.75	37.56
Earnings From Cont. Operations, 2 Yr. CAGR %	-18.95	-32.11	43.78	59.19	37.7
Net Income, 2 Yr. CAGR %	-18.95	-32.11	43.78	59.19	37.7
Diluted EPS Before Extra, 2 Yr. CAGR %	-34.11	-44.86	25.8	17.14	2.87
Normalized Net Income, 2 Yr. CAGR %	13.98	48.46	47.44	46.38	38.29
Net Property, Plant and Equip., 2 Yr. CAGR %	40.47	44.41	-99.54	40.27K	15.38
Accounts Receivable, 2 Yr. CAGR %	-	151.26	98.4	26.64	64.94
Total Assets, 2 Yr. CAGR %	35.42	38.87	28.48	34.93	25.68
Common Equity, 2 Yr. CAGR %	36.51	35.32	30.62	37.38	27.65
Tangible Book Value, 2 Yr. CAGR %	36.51	35.32	30.62	37.38	27.65
Cash From Operations, 2 Yr. CAGR %	56.57	60.48	71.97	36.22	21.39
Levered Free Cash Flow, 2 Yr. CAGR %	79.24	70.22	-44.58	66.93	54.16
Unlevered Free Cash Flow, 2 Yr. CAGR %	81.57	71.3	-41.39	63.78	51.15
Dividend Per Share, 2 Yr. CAGR %	-	22.47	10.21	7.31	5.87
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	56.49	44.77	51.93	45.71	36.7
Gross Profit, 3 Yr. CAGR %	54.03	41.25	48.01	44.85	37.52
EBITDA, 3 Yr. CAGR %	46.9	40.74	48.35	46.31	37.9
EBITA, 3 Yr. CAGR %	52.18	40.74	48.35	46.31	37.9
EBIT, 3 Yr. CAGR %	52.18	40.74	48.35	46.31	37.9
Earnings From Cont. Operations, 3 Yr. CAGR %	65.47	-7.97	-7.05	44.34	48.93
Net Income, 3 Yr. CAGR %	65.47	-7.97	-7.05	44.34	48.93
Diluted EPS Before Extra, 3 Yr. CAGR %	-19.59	-20.38	-25.47	16.84	12.95
Normalized Net Income, 3 Yr. CAGR %	49.36	25.31	46.79	48.06	40.01
Net Property, Plant and Equip., 3 Yr. CAGR %	82.88	33.86	-96.7	24.9	5.48K
Accounts Receivable, 3 Yr. CAGR %	-41.34	-	130.68	50.05	30.05
Total Assets, 3 Yr. CAGR %	69.61	30	38.51	29.68	29.6
Common Equity, 3 Yr. CAGR %	66.98	31.81	36.48	32.36	31.28
Tangible Book Value, 3 Yr. CAGR %	66.98	31.81	36.48	32.36	31.28
Cash From Operations, 3 Yr. CAGR %	130.89	65.43	62.37	48.91	34.79
Levered Free Cash Flow, 3 Yr. CAGR %	58.7	23.75	14.69	17.98	33.56
Unlevered Free Cash Flow, 3 Yr. CAGR %	61.25	26.58	17.89	18.17	31.88
Dividend Per Share, 3 Yr. CAGR %	21.78	-	17.66	8.81	6.77
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	32.04	48.68	52.51	43.74	44.8
Gross Profit, 5 Yr. CAGR %	36.1	46.37	49.8	41.97	43.41
EBITDA, 5 Yr. CAGR %	33.79	43.63	46.11	41.93	43.94
EBITA, 5 Yr. CAGR %	36.02	46.04	49.24	41.93	43.94
EBIT, 5 Yr. CAGR %	36.02	46.04	49.24	41.93	43.94
Earnings From Cont. Operations, 5 Yr. CAGR %	42.25	45.24	56.43	14.58	8.77
Net Income, 5 Yr. CAGR %	42.25	45.24	56.43	14.58	8.77
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-16.25	-3.83	-7.09	-15.22
Normalized Net Income, 5 Yr. CAGR %	34.18	44.07	48.59	33.35	43.33
Net Property, Plant and Equip., 5 Yr. CAGR %	110.95	120.95	-83.35	30.91	28.98
Accounts Receivable, 5 Yr. CAGR %	59.13	12.92	-4.49	-	70.6
Total Assets, 5 Yr. CAGR %	96.14	102.32	51.78	31.95	33.23
Common Equity, 5 Yr. CAGR %	326.18	337.27	51.36	34.01	32.88
Tangible Book Value, 5 Yr. CAGR %	326.18	337.27	51.36	34.01	32.88
Cash From Operations, 5 Yr. CAGR %	41.24	56.34	106.76	53.06	44.53
Levered Free Cash Flow, 5 Yr. CAGR %	-	31.64	4.19	39.46	47.14
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	33.5	7.57	40.32	46.43
Dividend Per Share, 5 Yr. CAGR %	-40.74	-40.23	17.02	-	12.79