Filinvest Land maintains growth with strong H1 results

Filinvest Land, Inc. (PSE: FLI) posted a consolidated revenue of P12.21 billion in the first half of 2025, up 6 percent year-on-year, driven by steady growth across its leasing, residential, and industrial segments.

Net income also edged up by 1 percent to P2.12 billion.

The listed property arm of the Filinvest Group attributed its performance to resilient demand across key real estate sectors, particularly retail and office leasing, as well as steady residential sales outside Metro Manila.

Leasing revenues surged by 12 percent to P4.10 billion, fueled by consistent demand in its expanding portfolio of malls and office buildings. Retail leasing reached a record high of P1.32 billion, an 11 percent increase, driven by strong occupancy at anchor assets such as Festival Mall and regional centers like Il Corso Cebu, Fora Tagaytay, and the newly opened Filinvest Malls Dumaguete.

“Our focused efforts on targeted rent strategies and tighter cost controls have proven effective in boosting both occupancy and EBITDA, supporting the steady growth of our leasing business,” said Tristan Las Marias, President and CEO of Filinvest Land, Inc. 

“We are optimistic that the upcoming openings of Filinvest Malls in Cubao and in Mimosa Leisure Estate in Clark will further drive this momentum. At the same time, we continue to push our residential developments in Visayas, Mindanao, and non-NCR Luzon regions, where we are seeing sustained demand.”

In the office segment, leasing revenues – including REIT and non-REIT contributions – rose by 8 percent to P2.48 billion. The increase was backed by an 11 percent rise in occupied gross leasable area (GLA), now totaling 398,000 sqm. New office tenants include US-based BPO firm Pinnacle Intelligence and Qatar Aviation Services.

FLI’s industrial leasing business also gained traction. Its nine Ready-Built Factories (RBFs) in Calamba and New Clark City are now fully leased, generating P153 million in revenue for the first half of 2025. The segment is seen as a key growth driver amid increasing foreign investor confidence in the Philippines as a manufacturing hub.

Residential revenues held steady at P7.48 billion, with demand remaining strong for ready-for-occupancy (RFO) units, particularly in regional locations. The middle-income segment made up 70 percent of total residential revenues, with gross profit margins improving to 53 percent.

Luzon areas outside Metro Manila accounted for 37 percent of total housing option sales, boosted by strong demand in developments in Trece Martires, Batangas, and Laguna. Another 37 percent came from Visayas and Mindanao, led by Cebu, Davao, and Zamboanga projects. The launch of a new building in Maldives Oasis, Davao City, added over 300 new units to its regional inventory.

FLI’s Co-Living business, including the fully leased The Crib Clark, contributed P136 million in rental income, underscoring the firm’s diversification efforts.

Beyond financials, Filinvest Land continues to gain recognition for its human resource programs. It was the only Philippine real estate company honored at the 2025 Stevie Awards for Great Employers, receiving a Bronze Stevie for Employer of the Year in Real Estate. This follows its inclusion in the Philippine Daily Inquirer and Statista’s list of the country’s Best Employers for 2025.

FLI attributes these accolades to a data-driven and inclusive HR strategy, which has achieved a 95 percent on-time hiring rate, 97 percent job offer acceptance, and over 45 training hours per employee. Women now account for more than half of its leadership pipeline.

“We grow because our people grow,” Las Marias added.  “Their passion fuels our mission of building lasting dreams for Filipinos.”