CR06459-2023

The PSE makes no representation on the accuracy, validity, correctness and completeness of the information stated in the respective PORs of listed companies. The PSE shall use the information contained in the POR submitted by the company in computing a company's weight in the index and this may be updated or adjusted consistent with the policy of the Exchange in managing the PSEi and sector indices.

AREIT, Inc.AREIT

PSE Disclosure Form POR-1 - Public Ownership Report Reference: Amended Rule on Minimum Public Ownership

Report Type

Report Date Sep 21, 2023
Computation of Public Ownership
Number of Issued
Common Shares
2,435,936,543
Less: Number of Treasury
Common Shares, if any
67,329,970
Number of Outstanding
Common Shares
2,368,606,573

Less :

A. Directors
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
Bernard Vincent O. Dy 1 0 1 0
Augusto D. Bengzon 1 0 1 0
Anna Ma. Margarita B. Dy 1 0 1 0
Carol T. Mills 1 140,000 140,001 0.01
Enrico S. Cruz 1 2,625,000 2,625,001 0.11
Omar T. Cruz 1 962,900 962,901 0.04
Sherisa P. Nuesa 0 242,900 242,900 0.01
Mariana E. Zobel de Ayala 1 0 1 0
7 3,970,800 3,970,807 0.17
B. Officers
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
Anna Ma. Margarita B. Dy (same as above) - - - -
Carol T. Mills (same as above) - - - -
Ma. Teresa R. Famy 0 22,000 22,000 0
Amelia Ann T. Alipao 0 20,000 20,000 0
Rowena P. Libunao 0 0 0 0
Maphilindo S. Tandoc 0 0 0 0
Solomon M. Hermosura 0 0 0 0
Ma. Florence Therese dG. Martirez-Cruz 0 1,700 1,700 0
0 43,700 43,700 0
C. Principal/Substantial Stockholders
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
Ayala Land, Inc.* 1,026,398,049 0 1,026,398,049 43.33
AyalaLand Malls, Inc. 287,186,771 0 287,186,771 12.12
1,313,584,820 0 1,313,584,820 55.45
D. Affiliates
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
AyalaLand Offices, Inc. 96,292,435 0 96,292,435 4.07
Glensworth Development, Inc. 62,146,531 0 62,146,531 2.62
Westview Commercial Ventures Corp. 37,443,313 0 37,443,313 1.58
Northbeacon Commercial Corporation 55,382,567 0 55,382,567 2.34
AREIT Fund Managers, Inc. 0 0 0 0
AREIT Property Managers, Inc. 0 0 0 0
251,264,846 0 251,264,846 10.61
E. Government
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
- - - - -
0 0 0 0
F. Banks
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
- - - - -
0 0 0 0
G. Employees
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
- - - - -
0 0 0 0
H. Lock-Up Shares
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
- - - - -
0 0 0 0
I. Others
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
- - - - -
0 0 0 0
Number of Listed
Common Shares
1,576,240,780
Total Number of
Non-Public Shares
1,568,864,173
Total Number of Shares Owned
by the Public
799,742,400
Public Ownership Percentage 33.76
Other Relevant Information

*Exclusive of one share assigned to an incumbent director.

This report is being filed in view of our issuance of additional common shares following the Securities and Exchange Commission’s approval of our property-for-share swap with Ayala Land, Inc. (ALI), Ayalaland Malls, Inc. (ALMI), and Northbeacon Commercial Corporation (NBCC) (ALMI and NBCC are referred to herein collectively as “Subsidiaries”) involving identified prime flagship offices and malls with an aggregate value of Php22,479,697,060.00 in exchange for ALI and the Subsidiaries’ subscription to 607,559,380 primary common AREIT shares pursuant to the Deed of Exchange dated 02 June 2023.

Filed on behalf by:
Name Michelle Marie Valbuena
Designation Senior Compliance Manager