Filinvest REIT Corp. (FILRT), the real estate investment trust (REIT) of the Gotianun Group, reported a 34-percent increase in net income to ₱874 million in the first half of 2026, allowing it to declare a ₱391-million cash dividend for the second quarter.

In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Aug. 4, the firm said it generated ₱2.05 billion in revenue in the first half, up 31 percent year-on-year, driven mainly by the full-period contribution of the recently acquired Festival Main Mall.

Costs and expenses were prudently managed at ₱663 million, up eight percent, while other charges declined one percent to ₱185 million.

FILRT’s portfolio comprises 17 office buildings, one mall, and one resort lot, with a total gross leasable area (GLA) of 452,310 square meters (sqm). Average occupancy reached 87 percent in the first half, steady from the previous quarter and six percentage points (ppts) higher than a year ago.

The addition of Festival Main Mall in May last year lifted portfolio occupancy and helped offset softer office rental rates. The portfolio’s tenant mix consists of 61-percent office, 32-percent retail, and seven-percent hospitality properties.

In the office segment, which recorded an average occupancy of 80 percent in the first six months of 2026, multinational business process outsourcing (BPO) companies accounted for 85 percent of occupied space, traditional tenants for 13 percent, and the remainder for coworking, wellness, and educational institutions.

As of June 2026, FILRT had secured 5,964 sqm of new leases from incoming tenants and existing occupants expanding within Northgate Cyberzone.

On tenant retention, 49 percent of the 20,689 sqm of leases expiring this year had been renewed or were covered by signed renewal letters of intent. As of end-June, the portfolio’s weighted average lease expiry (WALE) stood at 13.95 years.

“Our first-half performance reflects the resilience of our portfolio. As we move through the rest of 2026, we will remain focused on disciplined leasing, prudent cost management, and sustainability-led initiatives that support stable dividends and long-term shareholder value,” said FILRT President and Chief Executive Officer (CEO) Maricel Brion-Lirio.

FILRT said its board of directors approved regular quarterly cash dividends of ₱0.06 per outstanding common share for shareholders of record as of Aug. 20, 2026, payable on Sept. 1, 2026.

This brings FILRT’s total declared dividends for 2026 to ₱0.18 per common share, or a total of ₱1.17 billion, equivalent to an annualized yield of 8.2 percent based on its closing share price of ₱2.92 on Aug. 3, 2026. The latest quarterly dividend covers the April-to-June 2026 income period. - James A. Loyola