It has been said that 2021 is the year of the REIT (real estate investment trust)`after two initial public offerings with a combined market capitalization of P74.36 billion plus two more IPOs in the pipeline with a maximum combined market cap of P128.43 billion. Makati CBD skyline These four IPOs...
Filinvest REIT Corp. (FILREIT), formerly Cyberzone Properties, Inc. and a real estate investment trust (REIT), has pegged the final offer price of its initial public offering at P7.00 per share. In a disclosure to the Philippine Stock Exchange, the firm said the offer price is set at the mid-point...
MR.D.I.Y., one of the largest home and lifestyle improvement retailers in Asia, opened its 145 th store in the Philippines at Festival Mall Alabang. The celebration kicked-off with a store blessing and ribbon cutting attended by executives from MR.D.I.Y. Philippines and Filinvest Land Inc. From...
The Philippine Stock Exchange, Inc. (PSE) has approved Filinvest REIT Corporation’s planned initial public offering (IPO) of up to P14.88 billion worth of shares. 18885 Set to be the third REIT company to be listed in the Exchange, Filinvest REIT is offering 1.63 billion secondary shares and up...
The Securities and Exchange Commission (SEC) has approved the planned P14.92 billion initial public offering (IPO) of the real estate investment trust (REIT) sponsored by Filinvest Land, Inc. (FLI). The Commission En Banc resolved to render effective the registration statement of Cyberzone...
In a meeting with the country's major mall and building owners, Presidential Adviser for Entrepreneurship and Go Negosyo Founder Joey Concepcion garnered support for his proposal to champion and to finally establish “safe spaces” as a means to create herd immunity in areas where the private...
Filinvest Land, Inc. was honored as one of the top 10 developers in the Philippines for 2020 and 2021 in the recently concluded BCI Asia Awards. This award is one of the most coveted in the regional building industry. It recognizes the valuable contributions of leading design and development...
Filinvest Land, Inc. (FLI) reported a 45 percent fall in attributable net income to P736 million in the first quarter of 2021 from P1.35 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its first quarter performance resulted in gross revenues...
Filinvest Land, Inc. (FLI), the property arm of Filinvest Development Corporation (FDC), is banking on its P190 billion worth of projects in the pipeline, including new products to be launched, as part of its medium-term strategies. During the firm’s virtual Annual...
The fate of the stock market this week is seen to hinge on whether or not the growth of new COVID-19 cases in the country is arrested and if the imposition of strict quarantine measures will be extended further. (Photo credit: https://www.pse.com.ph) “Investors are expected to take cues from our...
Filinvest Land, Inc. (FLI) reported a 41 percent drop in attributable net income to P3.73 billion last year from the P6.28 billion earned in 2019 due to the impact of the pandemic lockdown on its malls and residential businesses. In a disclosure to the Philippine Stock Exchange, FLI said gross...
Filinvest Land Inc. is planning to convert its wholly-owned subsidiary, Cyberzone Properties Inc. (CPI), into a Real Estate Investment Trust (REIT) Company. In a disclosure to the Philippine Stock Exchange, FLI said the move has been approved by its Board of Directors. “CPI is intended to be...
