FLI positive on the property business:
Distributes 27% dividends to shareholders
April 24, 2025 – Following its strong financial performance in 2024, Filinvest Land Inc. (FLI), announced a cash dividend for common shares amounting to P 0.05 per share representing a 27% payout to shareholders.
“This underscores our commitment to maximizing shareholder value as we continue to grow our diversified real estate business,” said FLI President and CEO Tristan Las Marias.
Filinvest Land reported a consolidated net income attributable to parent of Php4.17 billion, an 11% rise year-on-year. Total consolidated revenues and other income rose 8% year-on-year to Php24.45 billion, driven by a 6% increase in booked residential real estate sales. Rental revenues, mostly from FLI’s office and retail businesses, grew 9% to Php7.85 billion.
The residential segment continued to grow. Medium-income projects consistently accounted for the majority of our booked real estate sales, achieving 6%. The completion of Futura and Aspire projects, combined with strong Ready-For-Occupancy (RFO) sales, bolstered residential results. FLI launched 19 new projects, ranging from economic to upper-end market segments. Among these, Futura Rise, a walk-up condominium in the Iloilo Central township, stands out as a strategic launch in one of our target growth areas, including CALABAR, Dumaguete, Iloilo, and Davao.
The leasing business achieved significant milestones in 2024. Retail leasing revenue grew by 15%, supported by higher occupancy rates and improved rental yields. Festival Mall and Main Square became more than just retail centers, as government agencies such as the DFA, NBI, DSWD, and SSS, among others, set up satellite offices, while COMELEC used our malls as voter registration sites. Additionally, DTI hosted events promoting regional industries, further establishing Filinvest Malls as community hubs. FLI will be opening Filinvest Malls Mimosa in Clark by the fourth quarter of this year.
The office leasing segment also recorded modest but encouraging growth of 3%, demonstrating resilience amid fluctuating rental rates and the growing prevalence of hybrid work setups. FLI offices have diversified its tenant pool, leasing space to educational institutions, religious groups, and government agencies in addition to traditional BPO clients. Notable tenants included the NBI at Filinvest Bay City and DTI, which occupied a 14-storey building at Filinvest Buendia.
Filinvest Land’s industrial business is steadily gaining momentum. On September 30, 2024, Filinvest Innovation Park - New Clark City welcomed its pioneer ready-built factory (RBF) locator, StB Giga, which inaugurated its manufacturing facility and commenced commercial operations. StB Giga, the local entity of Australia-based StB Capital Partners, became the Philippines' first manufacturer of Lithium-Iron-Phosphate (LFP) batteries, housed within two modern, Grade-A RBF units totaling 5,000 sqm.
Also in 2024, Filinvest Innovation Parks
(FIP) welcomed ALPLA Philippines Inc. to FIP-Ciudad de Calamba. ALPLA’s lease
of two RBF units highlights its commitment to driving growth, championing
sustainability, and fostering innovation in the Philippines. s.]
As a subsidiary of the global ALPLA Group, a leading plastic packaging and recycling company based in Austria, ALPLA Philippines helps shape the future of sustainable packaging solutions worldwide.
“As we look to 2025, FLI is poised for continued success, building on the strong momentum from 2024. Our residential business remains at the core of our strategy as we continue to deliver high-quality living spaces for the Filipino people,” Las Marias added
Dividend distribution is scheduled on
May 23, 2025, for stockholders on record as of May 14, 2025.
