Filinvest Land Inc. reported consolidated revenues of PHP12.21 billion for the first half of 2025, up 6% year-on-year, driven by strong leasing performance across its retail and office portfolios. Net income rose 1% to PHP2.12 billion.
“Our focused efforts on targeted rent strategies and tighter cost controls have proven effective in boosting both occupancy and EBITDA,” said President and CEO Tristan Las Marias. He noted optimism for upcoming mall openings in Cubao and Clark’s Mimosa Leisure Estate.
Leasing revenues surged 12% to PHP4.10 billion, with retail rental income hitting an all-time high of PHP1.32 billion, up 11% year-on-year. Over 8,000 square meters of new tenant space opened in key locations including Alabang, Dumaguete, and Quezon City. Retail EBITDA margins improved to 56% from 53%.
Office leasing revenues grew 8% to PHP2.48 billion, supported by an 11% increase in occupied space to 398,000 square meters. New tenants include Pinnacle Intelligence and Qatar Aviation Services. Office EBITDA margins rose to 64% from 62%.
The company’s emerging industrial business showed promise with all nine Ready-Built Factories in Calamba and New Clark City fully leased. The segment contributed PHP153 million in revenues, including PHP133 million from industrial lot sales.
Real estate sales remained stable at PHP7.48 billion, with residential gross profit margins improving to 53% from 51%. The middle-income segment accounted for 70% of residential revenues, while regional markets in Luzon, Visayas, and Mindanao each contributed 37% of option sales.
Filinvest Land earned recognition as the only Philippine real estate company to win a Bronze Stevie Award for Employer of the Year, joining IBM and DHL in the global honor.
