Filinvest REIT Corp. (FILRT) declares fourth quarterly dividends in 2025 to shareholders

The Board of Directors of Filinvest REIT Corp. (FILRT), in a meeting held on November 5, 2025, approved the dividend declaration to all stockholders amounting to P0.057 per outstanding common share, payable on December 5, 2025 to all stockholders on record as of November 20, 2025. This brings year-to-date dividends to P0.243 per outstanding common share, equivalent to an annualized yield of 8.0 percent based on the closing share price on the same day.

FILRT posted revenues of P2.54 billion in the first nine months of the year (excluding the effect of the change in fair market value of investment properties), higher by 20 percent from the same period in 2024, mainly driven by the addition of Festival Main Mall to the portfolio in late May. For the third quarter of 2025 alone, FILRT recorded P979 million revenues, an improvement of 34 percent from 3Q2024. Combined with contained costs and expenses, FILRT registered a net income of P1.02 billion in the first nine months of 2025, growing by 15 percent from P893 million in the same period last year.

The new mall asset improved FILRT’s asset diversity and increased portfolio size by 37 percent in terms of GLA to 452,310 square meters. FILRT’s portfolio, now comprised of 17 office buildings, one mall, and one resort lot, had an overall occupancy of 86 percent at the end of September 2025. This represents an occupancy improvement of six percentage-points from 80 percent in YTD-September last year. The mall asset infusion improved the portfolio’s occupancy and helped offset the softness of rental rates in the offices segment.

Overall tenant mix is broken down into 60 percent offices, 32 percent retail, and 8 percent hospitality. Of the offices segment, which had an average occupancy of 80 percent, 84 percent are multinational BPO companies while 16 percent are traditional and co-working tenants. FILRT has ongoing efforts to diversify tenant base in its Alabang and Cebu office buildings.

In the third quarter, a total of 7,458 square meters of new office leases were signed by FILRT coming from a mix of traditional and BPO tenants, including the expansion of one of the largest BPO companies in the Philippines. The new leases more than offset the pre-terminations during the same period. On tenant retention, over 26,900 square meters or 78 percent of expiring leases for 2025 have already renewed, with another 7,700 square meters awaiting finalization of the renewal contract. Once these are signed before the year ends, FILRT will record a 100 percent retention rate in 2025, a marked improvement from 75 percent last year.

FILRT stands in the forefront of integrating renewable energy in its operations, contributing to measurable environmental impact. To date, 100 percent of FILRT’s managed office buildings portfolio has fully transitioned to renewable electricity supply. By powering buildings with renewable energy, FILRT reduces its carbon footprint and advances towards carbon neutrality. Newly acquired Festival Mall, which has the largest capacity of roof-installed solar panels in Metro Manila at 2.8 MW-p, also helps in improving the proportion of renewable energy in its operations.

Filinvest REIT Corp. (FILRT) is the country’s first sustainability-themed real estate investment trust (REIT) backed by Filinvest Land Inc. (FLI), one of the largest property developers in the Philippines with an established portfolio of residential, commercial, industrial, and office developments across the archipelago.

Its commercial portfolio consists of 17 Grade A office buildings that provide world-class, eco-friendly workspaces for local and global businesses. Recognized by Jones Lang Lasalle (JLL) for its green and sustainability-themed features, FILRT’s office buildings portfolio is designed to meet the evolving needs of today's businesses while reducing environmental impact. Totaling over 300,000 square meters of gross leasable area (GLA), 16 of the buildings are in Northgate Cyberzone – an IT BPO campus-style hub accredited by the Philippine Economic Zone Authority (PEZA) in Filinvest City, Alabang. Filinvest City is a 244-hectare mixed-use and integrated city that is the first and only central business district (CBD) in the Philippines to receive LEED® v4 Gold for Neighborhood Development Plan certification as well as a three-star BERDE certification. Two of the FILRT properties in Filinvest City, namely Axis Tower One and Vector Three, are among the country’s few LEED Gold certified developments. Another building is Filinvest Cyberzone Cebu Tower 1 located in the gateway of Cebu IT Park in Lahug, Cebu City. Also included in the portfolio is 2.9 hectares of land that is being leased to the owner and operator of multi-awarded Crimson Resort & Spa Boracay. A most recent addition is the 121,862-square meter Festival Main Mall in Filinvest City.
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As the future of responsible workspaces, Filinvest REIT is leading the way in sustainable real estate movement.