SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Mar 31, 2015

2. SEC Identification Number

152747

3. BIR Tax Identification No.

000-153-790-000

4. Exact name of issuer as specified in its charter

AYALA LAND, INC.

5. Province, country or other jurisdiction of incorporation or organization

MAKATI CITY, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

31F Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

(632) 750-6974

9. Former name or former address, and former fiscal year, if changed since last report

Not Applicable

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	14,680,590,276
Voting Preferred	13,066,494,759
Amount of Debt Outstanding	46,696,410,000

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

Stock Exchange: Philippine Stock Exchange Securities Listed: Common Shares

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Ayala Land, Inc.ALI

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Mar 31, 2015
Currency (indicate units, if applicable)	In Thousands Pesos

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2015	Dec 31, 2014
Current Assets	204,783,562	165,634,445
Total Assets	436,165,926	388,944,465
Current Liabilities	155,059,348	135,446,157
Total Liabilities	296,361,264	266,949,007
Retained Earnings/(Deficit)	67,554,347	66,478,250
Stockholders' Equity	139,804,662	121,995,458
Stockholders' Equity - Parent	123,684,791	106,939,836
Book Value per Share	9.44	8.5

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Operating Revenue	23,680,085	20,976,858	23,680,085	20,976,858
Other Revenue	1,380,588	1,771,724	1,380,588	1,771,724
Gross Revenue	25,060,673	22,748,582	25,060,673	22,748,582
Operating Expense	15,428,153	14,285,067	15,428,153	14,285,067
Other Expense	3,209,579	2,950,617	3,209,579	2,950,617
Gross Expense	18,637,732	17,235,684	18,637,732	17,235,684
Net Income/(Loss) Before Tax	6,422,941	5,512,898	6,422,941	5,512,898
Income Tax Expense	1,547,277	1,318,515	1,547,277	1,318,515
Net Income/(Loss) After Tax	4,875,664	4,194,383	4,875,664	4,194,383
Net Income Attributable to Parent Equity Holder	4,121,480	3,463,717	4,121,480	3,463,717
Earnings/(Loss) Per Share (Basic)	0.28	0.25	0.28	0.25
Earnings/(Loss) Per Share (Diluted)	0.28	0.25	0.28	0.25

Other Relevant Information
Not applicable