Ayala Land Inc., the real estate arm of Ayala Corporation, resumed its share buyback program on June 4.
The company purchased 7.5 million shares to support its valuation, according to a Friday regulatory filing.
This move follows the stock price falling below P14 for the first time in nearly 15 years.
The repurchase is part of a larger P10-billion program.
The property giant's stock has declined almost 37% since the start of 2026.
High interest rates contributed to a 23% drop in first-quarter net income.