Manila, Nov. 6 -- Leasing business is what Ayala Land Inc. (ALI) is banking on to drive its business in the near term after residential developments declined in the third quarter of 2026.

In a disclosure with the Philippine Stock Exchange (PSE) on Thursday, the listed firm said revenues from property development segment amounted to PHP57.6 billion as of end-September this year, lower than the PHP75.9 billion in the same period last year.

Meanwhile, revenues from leasing and hospitality rose 8 percent to PHP37.8 billion from PHP35.1 billion a year ago.

In terms of the Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), leasing accounted for the largest share of the company's financials over property development, wit...