Filinvest Land Inc. (FLI), Gotianun Group’s full-range property developer, is planning to raise ₱11.57 billion in fixed-rate, peso-denominated bonds with maturities of up to 10 years.

In a disclosure to the Philippine Stock Exchange (PSE) on Monday, Feb. 23, the firm said its board of directors has approved the issuance as the third tranche of its ₱35-billion shelf registration program with the Securities and Exchange Commission (SEC).

“This bond issuance allows us to further strengthen our capital structure while funding projects that directly support our growth priorities. We remain focused on disciplined expansion, operational efficiency, and delivering long-term value to our stakeholders,” said FLI President and Chief Executive Officer (CEO) Tristan Las Marias.

The company noted that, “The proposed issuance comes amid improving liquidity conditions and renewed investor appetite for high-quality corporate credits, reflecting market confidence in established developers with diversified portfolios and strong execution track records.”

Proceeds from the issuance will refinance existing debt and support capital expenditures (capex) for priority projects across FLI’s business segments, reinforcing the company’s disciplined growth strategy.

For 2026, FLI is targeting the launch of residential developments, with a focus on in-demand mid-market and horizontal communities in key provincial growth corridors.

These include walk-up condominium projects and township developments in San Rafael, Bulacan, and Leganes, Iloilo, as well as the expansion of The Glens in San Pedro City, Laguna, and Sandia Homes in Tanauan City, Batangas.

In retail and mixed-use estates, FLI continues to invest in asset enhancements and strategic expansions, particularly in its regional malls, to strengthen tenant mix, drive foot traffic, and improve overall estate integration.

“As we look ahead, our priority remains sustained, disciplined growth anchored on operational excellence and long-term estate development,” Las Marias told the PSE.

He added that, “We will continue investing in projects that address real demand and contribute meaningfully to national and regional progress.”

With sound capitalization, an expanding portfolio of integrated estates, and a disciplined approach to capital deployment, FLI said it is well positioned to manage near-term challenges while pursuing steady, value-accretive growth.

The publicly listed real estate company said it will further strengthen its retail portfolio in 2026 by expanding lifestyle offerings, attracting additional destination tenants, and sustaining asset enhancements designed to elevate both customer experience and tenant productivity.

FLI will continue expanding its residential offerings this year as it sees the market gradually stabilizing. It will also focus on ready-for-occupancy (RFO) turnover, accelerating horizontal development, and maintaining pragmatic financing structures aligned with buyer preferences.

It aims to deepen its recurring income base and reinforce estate vibrancy moving into 2026 by continuing asset enhancement initiatives, improving tenant diversification, and maintaining a disciplined approach to estate management.

In 2026, FLI will also continue positioning its office offerings around flexibility, cost efficiency, and operational quality—attributes increasingly prioritized by occupiers refining their long-term space strategies.

With demand for logistics and production facilities continuing to expand, FLI will further activate its industrial platform in 2026 through additional ready-built formats, improved locator services, and deeper development within strategic regional corridors.

FLI reported a four-percent improvement in consolidated net income to ₱4.81 billion in 2025 as revenues increased six percent to ₱25.9 billion, driven by the resilience of its diversified property platform.

The firm said it managed to deliver steady performance in 2025 despite elevated interest rates, more selective homebuyer behavior, and structural shifts in the office sector.

FLI’s retail leasing revenues rose 10 percent to ₱2.78 billion, driven by an improvement in occupancy to 80 percent from 72 percent in 2024.

Enhanced tenant curation, stronger consumer activity, and the entry of leading national and international brands helped lift traffic and optimize the tenant mix across FLI’s 258,017-square-meter (sqm) retail footprint.

FLI’s community-centric approach—integrating shopping, dining, entertainment, and essential services—allowed malls to reinforce their roles as regional lifestyle hubs.

Real estate revenues increased six percent to ₱16.27 billion, supported by ₱15.92 billion in residential revenues and ₱357 million in industrial lot sales.

Elevated borrowing costs required homebuyers to be more selective, yet demand remained resilient in the affordable and mid-income segments, particularly for RFO units in regional growth areas.

Leasing revenues across the portfolio improved five percent to ₱8.25 billion, supported by retail recovery and stable office demand.

The office business posted ₱4.84 billion in leasing revenues, with 421,611 sqm of occupied gross leasable area (GLA) across FLI’s real estate investment trust (REIT) and non-REIT portfolios.

The industrial segment delivered ₱412 million in revenues, composed of ₱357 million in industrial lot sales and ₱55 million in recurring ready-built factory rentals, supported by expanding logistics and manufacturing activity.

FLI’s innovation parks in Calamba City, Laguna, and New Clark City, Tarlac, attracted both domestic and international locators seeking reliable, production-oriented industrial estates.