Filinvest Land, Inc. Declares P0.05 Cash Dividends Per Common share, a 32% Dividend Payout Ratio

Filinvest Land Inc. (FLI), optimistic and well-positioned for expansion following its good financial performance in 2023, declared a cash dividend of P0.05 per common share, reflecting a 32% dividend payout ratio, the highest since 2014.

This was stated during the company's recent annual stockholders' meeting, when FLI also shared medium-term expansion objectives, including increasing the construction of bespoke communities and affordable housing alternatives while growing its commercial and industrial leasing business.

“This underscores our commitment to create value and generate sustainable returns for our shareholders as we drive growth and progress in the real estate sector,” said FLI President and CEO Tristan Las Marias.

Las Marias also shared that FLI intends to launch P25 billion worth of residential projects in 2024, mostly mid-rise residential buildings and landed housing. “We will continue to offer value-for-money residential developments anchored on well-planned townships as we fulfill our core purpose of building the Filipino dream,” he said.
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FLI intends to continue developing mid-rise buildings to meet the growing demand for modern living spaces, reaffirming its commitment to offering value-for-money and future-ready houses. In 2023, the company announced 11 new projects totaling P8.7 billion in strategic areas across the country.

“We sustained our growth trajectory fueled by a 13% growth in residential revenues of PHP14.49B, with solid sales results generated by our projects in Laguna, Davao, Pangasinan, Rizal, Zamboanga, and Cebu. We are confident in achieving our targets for the year and we are excited to share this success with our shareholders,” said FLI President and CEO Tristan Las Marias.
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Last February, FLI unveiled Iloilo Centrale, a 11.4-hectare mixed-use complex that blends urban life with the region's timeless legacy. FLI's focus remains on creating communities that meet the changing demands of Filipino families for quality and affordability.

FLI continues to anticipate growth and expansion of its office and commercial leasing businesses, building upon its 13% increase in rental revenues in 2023. A recent milestone in this trajectory is FLI’s lease agreement with the Department of Trade and Industry (DTI), leasing its entire Filinvest Buendia building to the government agency. This move reflects FLI’s vision to be a key player in the office leasing market, serving not only traditional businesses but also BPOs, government agencies, and co-working operators. Extending beyond its focus on office and commercial leasing, FLI is also into shaping large scale industrial parks as centers of economic activity. This is exemplified through its Filinvest Innovation Parks (FIP) in New Clark City and Ciudad de Calamba, where the construction of Ready-Built-Factories (RBFs) is already underway, marking a significant step in cultivating a fresh asset class.
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Dividends will be distributed on June 5, 2024, to stockholders who were on record as of May 13, 2023.

Filinvest Land continues to be at the forefront of driving positive change and influencing the future of real estate in the Philippines because of its ambitious expansion plans and steadfast commitment to its mission of realizing the Filipino Dream.

Filinvest Land, Inc. (FLI) is one of the country’s leading full-range property developers. For over 60 years, the company has built a diverse project portfolio spanning the archipelago including large-scale townships: Havila (306 hectares), Timberland Heights (677 hectares) and Manna East (60 hectares) in Rizal, Ciudad de Calamba (350 hectares), The Wood Estates in Cavite (94 hectares) City di Mare in Cebu (50 hectares), and Palm Estates in Talisay City (51 hectares). FLI has since built more than 200 residential developments across the country.

FLI owns 20% of Filinvest Alabang, developer of Filinvest City (244 hectares), a central business district in southern Metro Manila. FLI is also developing two townships in the Clark Special Economic Zone: its industrial and logistics park and mixed- use development at New Clark City (288 hectares) and Filinvest Mimosa+ Leisure City (201 hectares) in partnership with Filinvest Development Corporation.