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Manila Bulletin devider Business devider The Stock Market devider Leasing drives Filinvest Land's 5% profit growth

Leasing drives Filinvest Land's 5% profit growth

Published Nov 12, 2025 11:44 am
Filinvest Land Inc., the listed property developer of the Gotianun group, reported a five percent improvement in consolidated net income to ₱3.64 billion in the first nine months of the year.
“The company’s solid performance was fueled by sustained leasing momentum from its retail and office investment properties,” the firm said in a disclosure to the Philippine Stock Exchange.
Revenues grew nine percent to ₱20.08 billion from ₱18.44 billion in the same period last year.
Leasing revenues rose seven percent to ₱6.13 billion, supported by steady tenant demand and improved occupancy across the company’s office and retail mix.
Real estate revenues also grew eight percent to ₱12.86 billion, driven by the residential business, which increased five percent to ₱12.44 billion, alongside ₱357 million from industrial lot sales.
Building on its prior quarter’s momentum, the company delivered its strongest performance to date in the third quarter of 2025, posting ₱7.8 billion in total revenues, 26 percent higher than the second quarter, led by the residential segment with ₱5.1 billion.
Earnings before interest, tax, depreciation, and amortization (EBITDA) likewise reached its highest level for the year at ₱3.29 billion, up 11 percent quarter-on-quarter. Net income climbed to ₱1.5 billion, a 42 percent jump over the second quarter of 2025.
“Our focused rent strategies continue to bear fruit as we see improved occupancy rates for our malls and offices,” FLI President and CEO Tristan Las Marias said. “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.”
Retail leasing revenues and other income reached ₱2.01 billion in the first nine months of 2025, a nine percent increase year-on-year. Growth was propelled by the continued strength of Festival Mall, complemented by improving occupancy across regional malls.
Office leasing revenues, including contributions from both real estate investment trust and non-REIT portfolios, grew five percent to ₱3.68 billion, supported by a higher occupied gross leasable area of 419,481 square meters.
The industrial business segment contributed ₱385 million in revenues during the first nine months of 2025, comprising ₱357 million from the sale of an industrial lot and ₱28 million in recurring revenues from rental of Ready-Built Factory (RBF) units.
Filinvest Land's residential revenues increased five percent to ₱12.51 billion, backed by project completions, steady collections, and a strategic focus to meet the demand for RFO units.

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Filinvest Land Inc. Tristan Las Marias
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