Filinvest Land, Inc. is preparing for another asset infusion into its real estate investment trust Filinvest REIT Corporation (FILRT) by undertaking a P1.55 billion tender offer for its shares in exchange for FILRT stock. In a disclosure to the Philippine Stock Exchange, the firm said its...
Filinvest REIT Corporation, the real estate investment trust of the Gotianun Group, registered a seven percent improvement in net income to P601 million in the first six months of 2024 from the P561 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE),...
Filinvest REIT Corporation (FILRT), the real estate investment trust of the Gotianun Group, has entered a lease expansion contract with New Zealand-based Building Engineering and Design Co. (BEDC). In a disclosure to the Philippine Stock Exchange (PSE), the firm said BEDC is a leading...
Filinvest Land Inc. (FLI), the Gotianun Group’s listed property developer, has entered a joint venture with KMC Community Inc. (KMC), a global co-working space provider, to launch Our Space Solutions Inc. (OSSI). In a disclosure to the Philippine Stock Exchange, FLI said this strategic...
Filinvest REIT Corp. (FILRT), the real estate investment trust of the Gotianun Group, reported the successful transition of five of its office building properties to renewable energy sources under the Government’s Green Energy Option Program (GEOP). In a disclosure to the Philippine Stock...
The Gotianun Group’s real estate investment trust Filinvest REIT Corporation (FILRT) is waiting for the equities market to recover and for its stock price to improve before acquiring more assets via share swap. “A number of assets have been identified for infusion into FILRT that are subject to...
Filinvest REIT Corporation (FILRT), the real estate investment trust sponsored by Filinvest Land Inc., is planning to expand its asset portfolio by 64 percent or by 64,417 square meters in gross leasable area over the next three years. In a disclosure to the Philippine Stock Exchange, the firm said...
Filinvest REIT Corp. (FILRT), the real estate investment trust of the Filinvest group, is acquiring a resort in Boracay even as earnings from its office leasing business declined. In a disclosure to the Philippine Stock Exchange, the firm said it is buying 2.9 hectares of land owned by Filinvest...
FILRT profit falls 30% in Q1 By JAMES A. LOYOLA Filinvest REIT Corporation (FILRT), the commercial real estate investment trust of the Filinvest group, posted a 30 percent drop in net income to P382 million in the first quarter of 2022 from P543.69 million in the same period last year due to lower...
Filinvest REIT Corp. (FILRT), the real estate investment trust of the Filinvest group, reported a net income of P1.9 billion in 2021. In a disclosure to the Philippine Stock Exchange, the firm said this was achieved on the back of rental and other revenues that reached P3.4 billion and a gain on...
Filinvest REIT Corp. (FILRT) reported an 8 percent improvement in net income to P1.05 billion in the first half of 2021 from the same period last year despite lower revenues. In a disclosure to the Philippine Stock Exchange, the firm said this was on the back of a 13 percent drop in revenues that...
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...
