Filinvest Land Mall Business Leasing Revenues Grow 17% As Occupancy Reaches 80%
May, 26
The Il Corso Lighthouse serves as the anchor for Filinvest Land’s vibrant commercial and residential ecosystem right at the South Road Properties.
MANDALUYONG CITY, PHILIPPINES — Filinvest Land, Inc. (FLI) continues to aggressively scale its recurring income engine, with its mall business reporting a 17% jump in leasing revenues to Php 744 million for the first quarter of 2026. This growth is supported by a portfolio-wide occupancy rate of 80% and a significant increase in consumer activity across its lifestyle hubs.
A key highlight of the quarter was the performance of regional flagships such as Il Corso in Cebu, which recorded a 33% surge in foot traffic following targeted asset enhancements. FLI’s mall business is transitioning from a period of stabilization into a high-growth phase, driven by curated tenant mixes and a focus on community-centric retail experiences.
“The mall business is no longer just a defensive buffer; it is a primary growth engine for the group,” said Tristan Las Marias, President and CEO of Filinvest Land. “With leasing revenues up 17% and occupancy scaling to 80%, we are seeing the tangible results of our active asset enhancement strategy. Our malls are evolving into preeminent lifestyle destinations that drive consistent recurring income.”
This growth in the mall business was a major contributor to FLI’s consolidated revenue of Php 6.31 billion for the quarter. Backed by stable cash flows and a diversified portfolio, the company reported a net income of Php 1.10 billion, signaling a resilient start to the fiscal year.