Filinvest Land 9-month earnings rise on leasing gains

Property developer Filinvest Land Inc. (FLI) reported a 9 percent increase in consolidated revenues and 5 percent growth in net income for the first nine months of 2025, driven by robust performance in its leasing and residential segments.

The company’s total revenues and other income reached P20.08 billion, up from the same period last year, while net income rose to P3.64 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed 9 percent to P9.01 billion, reflecting improved operational efficiency and steady market demand.

“Our focused rent strategies continue to bear fruit as we see improved occupancy rates for our malls and offices,” said Tristan Las Marias, president and CEO of Filinvest Land Inc.

New malls in Cubao, Clark

“While our recurring income portfolio will continue to provide growth in the coming quarters, we are also excited about the accretive potential from the opening of our new malls in Cubao and Mimosa Leisure Estate in Clark.”

Leasing revenues surged 7 percent year-on-year to P6.13 billion, supported by strong occupancy and sustained demand across retail and office properties.

Retail leasing posted a 9 percent increase to P2.01 billion, buoyed by over 8,000 square meters of new tenant space opened in Festival Mall, Il Corso Cebu, Main Square Bacoor, and Filinvest Malls Dumaguete.

Total operational gross leasable area (GLA) in the retail segment stood at 258,017 square meters, with occupancy rising to 78 percent, a 10 percent improvement from last year. Office leasing revenues also grew 5 percent to P3.68 billion, as occupied office space expanded to 419,481 square meters.

New tenants such as the Department of Information and Communications Technology (DICT) at Studio 7 in Quezon City and Concentrix at Filinvest Cyberzone Cebu contributed to higher occupancy.

Residential revenues rose 5 percent to P12.51 billion, supported by project completions, steady collections, and increased demand for ready-for-occupancy (RFO) units. The segment’s EBITDA grew 7 percent to P4.67 billion, while gross profit margins held steady at 52 percent.

FLI’s industrial business continued to gain traction, generating P385 million in revenues for the period. This included the sale of an industrial lot in Filinvest Innovation Park, Calamba to Platinum 7i Holdings Inc., a local unit of Japan-based Nagatsu Precision Mold Co. Ltd., and a lease agreement with Astra Otoparts Philippines Inc.

Multiple industry recognitions

Filinvest Land capped the period with multiple industry recognitions, including Best Developer Visayas, Best Developer Mindanao and Special Recognition in CSR at the Dot Property Philippines Awards 2025. The company was also among the Top 10 Developers in Asia and received the Elite Award at the Hubexo Asia Awards 2025.