FILRT declares third quarterly dividends in 2025 to shareholders

The Board of Directors of Filinvest REIT Corp. (FILRT), in a meeting held on August 6, 2024, approved the dividend declaration to all stockholders amounting to P0.062 per outstanding common share, bringing year-to-date dividends to P0.186 per outstanding common share. This is equivalent to an annualized yield of 7.1 percent based on the closing share price on August 5, 2024. The quarterly cash dividends will be payable on September 5, 2025 to all stockholders on record as of August 20, 2025. 

For the first half of the year, FILRT recorded revenues of P1.57 billion, higher by 13 percent from the same period in 2024, resulting from improvements in operations and the addition of Festival Main Mall to the portfolio. Meanwhile, cost and expenses were contained at P613 million, higher by 1 percent, while other charges were lower by 4 percent to P187 million. FILRT registered a net income of P651 million in the first six months of 2025, growing by 8.3 percent from P601 million in the same period last year.  

Results in the 1st half of 2025 include the transfer of ownership of the main mall building of Festival Mall, Alabang to FILRT from sponsor Filinvest Land, Inc. (FLI). Festival Main Mall started accruing to the revenue stream of FILRT beginning May 29, 2025, equivalent to one month and three days revenue contribution. The addition of Festival Main Mall is seen to improve FILRT's earnings per share by 5.5 percent in 2025. With the additional asset, FILRT’s portfolio size increased by 37 percent in terms of GLA to 452,310 square meters.  

“We are pleased to have infused a value-adding asset to our portfolio through Festival Main Mall,” said Maricel Brion-Lirio, President and CEO of FILRT. “Having this momentum, we look forward to adding more assets and diversifying our tenant base to further the growth of the company,” she added.

The company’s portfolio of 17 office buildings, one mall, and one resort lot totaling 452,310 square meters had an occupancy of 86 percent at the end of the first half of 2025, an improvement of five percentage points from 81 percent in June last year. The current overall tenant mix is comprised of 60 percent offices, 32 percent retail, and the balance for hospitality. Of the offices segment, 84 percent are multinational BPO companies while 16 percent are traditional. Efforts to diversify tenant base have resulted in acquiring new traditional locators such as Qatar Aviation Services, Maxicare Health Services, and religious group The Feast, while new BPOs such as US-based Pinnacle Intelligence continue to locate in FILRT.

Even With the rebalanced portfolio and expanded asset, FILRT’s journey to a low carbon economy remains with the conscious adoption of renewable energy sources. In the past three years, FILRT has been increasing the proportion of renewables consumption in all its management buildings. To date, 16 out of 17 buildings of FILRT have switched to 100 percent renewable electricity supply. One of the buildings, Filinvest One in Alabang, has been awarded a Level 3 or Zero Carbon rating which signifies carbon neutrality. Festival Mall, the newly acquired asset, has the largest capacity of roof-installed solar panels in Metro Manila at 2.8 MW-p, helping improve 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.