SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Feb 27, 2024

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

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 7908 3111

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

N/A

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	15,010,111,431
Preferred Shares	696,835,106

11. Indicate the item numbers reported herein

Item 9 - Other Matters

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 REIT-1 - Reinvestment Plan
References: Rule 4 of the IRR of the REIT Act of 2009 and
Sections 4 and 8 of the Amended PSE Listing Rules for REITS

Report Date	Feb 27, 2024

• InitialFiling
• Amend

Amendment No.:	1

Items amended by Filing
The following changes are made to the original Reinvestment Plan: 1. The Metro Manila Property is removed from the list of projects for disbursement 2. The corresponding amount is distributed between Arbor Lanes and Park Cascades for disbursement on 1Q 2024

Exact Name of REIT as Specified in its Charter	AREIT, Inc
Address of Principal Office	28/F Tower One and Exchange Plaza, Ayala Ave. Makati City
SEC Identification Number	CS200613870
BIR Identification Number	006-346-689
Name of REIT Corporation:	AREIT, Inc.
Reinvestment Plan Period:	Apr 3, 2024

A. Income-Generating Properties Transferred by the Sponsors/Promoters to the REIT

Name of Sponsor/Promoter	Description of Property Transferred	Certificate of Title of Property	Transfer Value of the Property to the REIT
N/A	-	-	-

B. Estimated Amount of Proceeds/Money to be Realized by the Sponsors/Promoters
I. From the Subsequent Sale of REIT shares or other securities issued in exchange for income-generating real estate transferred by the Sponsors/Promoters to the REIT

Name of Sponsor/Promoter	Estimated Amount of Proceeds
Ayala Land, Inc.	6,536,167,000.00

II. From the Sale of income-generating real estate to the REIT

Name of Sponsor/Promoter	Estimated Amount of Proceeds
N/A	-

C. The Reinvestment Projects
Description of the Real Properties/Infrastructure Projects subject of the Reinvestment Policy

Description of the Real Properties/ Infrastructure Projects	Location	Estimated Timing of Disbursement of the Money/ Proceeds for Reinvestment	Percentage of Completion as of the Date of the Reinvestment Plan	Type of Investment (Direct ownership, shareholding, etc.)
Metro Manila Property	Metro Manila	4Q 2023	N/A	100% owned
Metro Manila Property	Metro Manila	2Q 2023	N/A	50% owned
Garden Court Residences	Taguig City	2Q 2023 to 3Q 2023	18%	100% owned
Arbor Lanes	Taguig City	2Q 2023 to 3Q 2023	83%	100% owned
Andacillo	Laguna	2Q 2023 to 3Q 2023	94%	100% owned
One Vertis Plaza	Quezon City	2Q 2023 to 3Q 2023	68%	100% owned
Orean Place T1	Quezon City	2Q 2023 to 3Q 2023	54%	100% owned
Tryne Enterprise Plaza	Taguig City	2Q 2023 to 3Q 2023	70%	100% owned
Park Cascades	Taguig City	2Q 2023 to 3Q 2023	78%	100% owned

Other Relevant Information
The following changes are made to the original Reinvestment Plan: 1. The Metro Manila Property is removed from the list of projects for disbursement 2. The corresponding amount is distributed between Arbor Lanes and Park Cascades for disbursement on 1Q 2024