Earnings of Filinvest REIT Corp. (FILRT), the real estate investment trust (REIT) of Gotianun-led Filinvest Land Inc. (FLI), continued to decline, this time by 21.5 percent to ₱1.28 billion last year from the ₱1.63-billion net income earned in 2024, due to the impact of changes in property...
Antonio-led Century Properties Group Inc. (CPG) is planning to launch ₱40 billion worth of residential projects this year, which will be partly funded by the ₱5 billion it raised from its latest bond issuance. Through its subsidiary PHirst Park Homes Inc. (PPHI), which focuses on the affordable...
Local stocks are expected to trade on the strength of corporate earnings this week as investors pivot away from a sparse economic calendar and focus on the health of the private sector. With the fourth-quarter and full-year 2025 reporting season underway, analysts suggest corporate performance...
Real estate giant Ayala Land Inc. (ALI) is allotting ₱70 billion to ₱80 billion for capital expenditures (capex), with a greater focus on its leasing business for offices and malls, which is seen to propel 2026 into another banner year as the residential market remains soft. During the firm’s...
The Philippines’ largest property developer reported a 39 percent surge in profit as recovery in commercial lot sales and its expanding hotel and mall portfolio offset the cooling residential market. In a disclosure to the Philippine Stock Exchange on Friday, Feb. 20, Ayala Land Inc. (ALI)...
AREIT Inc., the real estate investment trust backed by property giant Ayala Land Inc., posted a 28 percent increase in full-year net income as a series of acquisitions bolstered its portfolio. Based on the firm’s disclosure to the Philippine Stock Exchange, AREIT’s net income, excluding fair...
SM Offices, the office leasing arm of SM Prime Holdings Inc. (SM Prime), is continuing to expand its presence in Metro Manila and key cities nationwide, starting with the investment of more than ₱1 billion to complete over 60,000 square meters (sqm) of leasable space in Cebu City by the fourth...
Consunji-led Semirara Mining and Power Corp. (SMPC) sought to calm investors who have been selling down its stock, as well as that of parent company DMCI Holdings Inc., by expressing confidence it will win the bid for a new coal operating contract (COC) after the government said it will not extend...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) is offering septic tank cleaning services to its residential and semi-business customers this February in select parts of Caloocan, Las Piñas, Manila, Muntinlupa, Parañaque, Pasay, Quezon City, Valenzuela, and Cavite Province at...
Mayor Ruffy Biazon said he was not satisfied by the answers given by representatives of Maynilad Water Services about the daily water service interruptions in Muntinlupa. The water service interruptions in Muntinlupa have occurred in barangays in the past few days, angering customers. Biazon...
Despite prevailing challenges in the real estate industry, SM Prime Holdings Inc. (SM Prime) expects to surpass the record profits it earned last year and is supporting its continued growth in 2026 with a capital expenditure (capex) budget of ₱100 billion. “For 2026, the estimate is to spend...
SM Prime Holdings Inc., the integrated property developer led by the billionaire Sy family, posted a seven percent increase in full-year consolidated net income as recovery in commercial property and rigorous cost-cutting measures shielded the bottom line from a slowdown in residential sales. The...
