Filinvest Land Inc. (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.

Effective rent strategies

“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,” he added.

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, now totaling 398,000 sqm. New office tenants include US-based BPO firm Pinnacle Intelligence and Qatar Aviation Services.

Industrial leasing business

FLI’s industrial leasing business also gained traction. Its nine Ready-Built Factories 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.