AREIT Management

Management criteria checks 2/4

AREIT's CEO is Carol Mills, appointed in Feb 2014, has a tenure of 10.17 years. directly owns 0.006% of the company’s shares, worth ₱4.77M. The average tenure of the management team and the board of directors is 3 years and 4.6 years respectively.

Key information

Carol Mills

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	10.2yrs
CEO ownership	0.006%
Management average tenure	3yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

CEO

Carol Mills (50 yo)

10.2yrs

Tenure

Ms. Carol T. Mills serves as the President at AREIT, Inc. since February 10, 2014, and Chief Executive Officer at AREIT, Inc. and has been its Director since February 10, 2014. She serves as Head of Ayala...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Carol Mills	President	10.2yrs	no data	0.0059% ₱ 4.8m
Ma. Teresa Famy	Treasurer & CFO	2.8yrs	no data	0.00093% ₱ 751.2k
Michael Anthony Garcia	Investor Relations Officer	4.3yrs	no data	no data
Ma. Florence dg. Martirez-Cruz	Chief Compliance Officer & Assistant Corporate Secretary	less than a year	no data	0.000070% ₱ 56.5k
Rowena Libunao	Chief Audit Executive	3.2yrs	no data	no data
Maphilindo Tandoc	Chief Risk Officer	no data	no data	no data
Maria Franchette Acosta	Corporate Secretary	less than a year	no data	no data

3.0yrs

Average Tenure

50yo

Average Age

Experienced Management: AREIT's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Carol Mills	President	10.2yrs	no data	0.0059% ₱ 4.8m
Bernard Vincent Dy	Non-Executive Director	5yrs	no data	0% ₱ 0
Sherisa Nuesa	Independent Director	less than a year	₱280.00k	0.010% ₱ 8.3m
Augusto Cesar Bengzon	Director	5yrs	no data	0% ₱ 0
Anna Maria Margarita Dy	Chairman	less than a year	no data	0% ₱ 0
Omar Cruz	Lead Independent Director	5yrs	₱500.00k	0.041% ₱ 32.8m
Enrico Cruz	Independent Director	4.2yrs	₱480.00k	0.11% ₱ 89.5m
Mariana Zobel De Ayala	Non-Executive Director	2.5yrs	no data	0% ₱ 0

4.6yrs

Average Tenure

60yo

Average Age

Experienced Board: AREIT's board of directors are considered experienced (4.6 years average tenure).

AREIT Management

Management criteria checks 2/4

Key information

Recent management updates

AREIT, Inc. Appoints Maria Franchette M. Acosta as Corporate Secretary, Effective March 13, 2024

AREIT, Inc. Announces Resignation of Solomon M. Hermosura as Corporate Secretary, Effective 29 February 2024

AREIT, Inc., Annual General Meeting, Apr 24, 2024

President recently bought ₱783k worth of stock

Less than half of directors are independent

Insider recently sold ₱179k worth of stock

Recent updates

Full year 2023 earnings released: EPS: ₱2.60 (vs ₱1.91 in FY 2022)

AREIT, Inc. Appoints Maria Franchette M. Acosta as Corporate Secretary, Effective March 13, 2024

AREIT, Inc. Announces Resignation of Solomon M. Hermosura as Corporate Secretary, Effective 29 February 2024

Upcoming dividend of ₱0.55 per share

Third quarter dividend of ₱0.55 announced

Price target increased by 8.8% to ₱48.13

Consensus revenue estimates increase by 10%, EPS downgraded

Upcoming dividend of ₱0.55 per share at 7.3% yield

AREIT, Inc., Annual General Meeting, Apr 24, 2024

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

New major risk - Shareholder dilution

Upcoming dividend of ₱0.53 per share at 6.3% yield

Second quarter 2023 earnings released: EPS: ₱0.58 (vs ₱0.54 in 2Q 2022)

First quarter 2023 earnings released: EPS: ₱0.57 (vs ₱0.54 in 1Q 2022)

President recently bought ₱783k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

Less than half of directors are independent

Insider recently sold ₱179k worth of stock

Less than half of directors are independent

AREIT, Inc., Annual General Meeting, Apr 19, 2023

Price target decreased to ₱44.67

Consensus EPS estimates increase by 10%

Second quarter 2022 earnings: EPS exceeds analyst expectations

Upcoming dividend of ₱0.49 per share

AREIT, Inc. Approves Cash Dividend for the Second Quarter of 2022

Treasurer recently bought ₱346k worth of stock

Upcoming dividend of ₱0.48 per share

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

AREIT, Inc. Approves Dividend for the Fourth Quarter of 2021, Payable on March 25, 2022

Upcoming dividend of ₱0.47 per share

Assistant Corporate Secretary recently sold ₱492k worth of stock

Independent Director recently sold ₱1.7m worth of stock

Third quarter 2021 earnings released: EPS ₱0.47 (vs ₱4.41 in 3Q 2020)

Upcoming dividend of ₱0.44 per share

CFO & Chief Compliance Officer recently bought ₱429k worth of stock

CFO & Chief Compliance Officer Elaine Marie Alzona has left the company

CFO & Chief Compliance Officer Elaine Marie Alzona has left the company

CFO & Chief Compliance Officer Elaine Marie Alzona has left the company

CFO & Chief Compliance Officer Elaine Marie Alzona has left the company

CFO & Chief Compliance Officer Elaine Marie Alzona has left the company

CFO & Chief Compliance Officer Elaine Marie Alzona has left the company

CFO & Chief Compliance Officer Elaine Marie Alzona has left the company

CFO & Chief Compliance Officer Elaine Marie Alzona has left the company

CFO & Chief Compliance Officer Elaine Marie Alzona has left the company

CFO & Chief Compliance Officer Elaine Marie Alzona has left the company

CFO & Chief Compliance Officer Elaine Marie Alzona has left the company

CFO & Chief Compliance Officer Elaine Marie Alzona has left the company

CFO & Chief Compliance Officer Elaine Marie Alzona has left the company

CFO & Chief Compliance Officer Elaine Marie Alzona has left the company

Upcoming dividend of ₱0.42 per share

First quarter 2021 earnings released: EPS ₱0.39 (vs ₱0.26 in 1Q 2020)

Consensus forecasts updated

Full year 2020 earnings released: EPS ₱1.23 (vs ₱1.29 in FY 2019)

Assistant Corporate Secretary recently bought ₱488k worth of stock

Assistant Corporate Secretary recently bought ₱335k worth of stock

Upcoming Dividend of ₱0.39 Per Share

AREIT, Inc. Appoints Rowena P. Libunao as Chief Audit Executive

New 90-day high: ₱34.20

New 90-day high: ₱32.90

Lead Independent Director recently bought ₱5.0m worth of stock

New 90-day high: ₱30.00

AREIT, Inc., Annual General Meeting, Apr 14, 2021

New 90-day high: ₱28.10

Lead Independent Director recently bought ₱2.5m worth of stock

Upcoming Dividend of ₱0.34 Per Share

New 90-day high: ₱26.20

Corporate Secretary recently bought ₱3.1m worth of stock