AREIT on Track to Being Carbon Neutral

AREIT, a real estate investment trust corporation affiliated with Ayala Corporation, a major conglomerate in the Philippines, announced on the 13th that they will reduce greenhouse gas emissions of their buildings to zero by 2022. They hope to achieve “carbon neutrality,” which reduces emissions to zero in calculation, by the end of the year. On the 13th, AREIT celebrated their first anniversary since their listing on the Philippine Stock Exchange (PSE). Since the listing, the investment unit price has risen by 34.8%, and the leasable area has increased by 50% to 344,000 square meters. The distribution per investment unit for the April-June period was set at 0.44 pesos (about 1 yen).

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