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Filinvest Land’s income rose 5% to P3.64 billion in three quarters

Filinvest Land Inc. (FLI) reported a consolidated net income of P3.64 billion in the first nine months of 2025, growing 5 percent from the same period last year on strong performance across its leasing and real estate segments.

Consolidated revenues and other income rose 9 percent year-on-year to P20.08 billion, the company said in a disclosure to the stock exchange Wednesday.

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This was boosted by sustained leasing momentum from its office and retail portfolios and steady demand in residential developments.

Leasing revenues grew 7 percent to P6.13 billion, while real estate revenues rose 8 percent to P12.86 billion, on higher residential sales and industrial lot transactions.

Third-quarter net income amounted to P1.5 billion, while revenues reached P7.8 billion.

Residential revenues rose 5 percent year-on-year to P12.51 billion on higher project completions steady collections and demand for ready-for-occupancy (RFO) units.

Office rental revenues grew 5 percent year-on-year to P3.68 billion, supported by new tenant sign-ups and higher occupancy, bringing total occupied gross leasable area to 419,481 square meters.

Retail leasing revenues and other income increased 9 percent year-on-year to P2.01 billion, led by the strong performance of Festival Mall and improving occupancy across regional malls, including Il Corso in Cebu Main Square in Bacoor and Filinvest Malls Dumaguete.

More than 8,000 square meters of new tenant space became operational, while more than 12,000 square meters were newly leased in the third quarter.

FLI’s industrial business generated P385 million in revenues in the first nine months of 2025, consisting of P357 million from industrial lot sales and P28 million from rentals of ready-built factory units.

FLI president and chief executive Tristan Las Marias said the company’s focused rent strategies “continue to bear fruit as we see improved occupancy rates for our malls and offices.”

“While our recurring income portfolio will continue to provide growth in the coming quarters, we are also excited about the accretive potential from the opening of our new malls in Cubao and Mimosa Leisure Estate in Clark,” he said.

Las Marias noted the residential business grew with “targeted RFO buyer promos and seller incentives, as well as sustained demand for our mid-income home offerings in Visayas, Mindanao and non-NCR Luzon regions.”

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