Filinvest Land Inc. (FLI), the listed property development arm of the Gotianun Group, said its net income went up by 5 percent to P3.64 billion in January to September from the previous year’s P3 billion fueled by sustained leasing momentum from its retail and office investment properties.
Consolidated revenues grew 9 percent to P20.08 billion from the previous year’s P18.43 billion.
Leasing revenues inched up by 7 percent to P6.13 billion, supported by steady tenant demand and improved occupancy across the company’s office and retail mix.
Real estate revenues also rose by 8 percent to P12.86 billion, led by the strength of its residential business which increased 5 percent to P12.44 billion, alongside continued contributions from industrial lot sales reaching P357 million.
‘Building on its previous quarter’s momentum, the company delivered its strongest performance to date in the third quarter, posting a P7.8 billion in total revenues (a 26 percent increase), led by the residential segment with P5.1 billion,’ the company said.
‘Our focused rent strategies continue to bear fruit as we see improved occupancy rates for our malls and offices. 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,’ the company’s president and CEO Tristan Las Marias, said.
Retail leasing revenues and other income reached P2.01 billion on the nine-month period, a 9-percent increase year-on-year. Growth was propelled by the continued strength of Festival Mall, complemented by improving occupancy across regional malls including Il Corso in Cebu, Main Square in Bacoor, and Filinvest Malls Dumaguete.
In the third quarter alone, over 8,000 square meters of tenant space began operations, while more than 12,000 square meters were newly leased.
Total operational gross leasing area across the retail portfolio now stands at 258,017 square meters with an occupancy rate of 78 percent, an increase of 10 percent from the previous year.
Office leasing revenues, including contributions from both REIT and non-REIT, or real estate investment trust, portfolios, grew by 5 percent to P3.68 billion, supported by a higher occupied gross leasable area of 419,481 square meters.
Among the new tenants welcomed by FLI are the Department of Information and Communications Technology at Studio 7 in Quezon City and Concentrix at Filinvest Cyberzone Cebu.
Residential revenues, meanwhile, increased by 5 percent to P12.51 billion, backed by project completions, steady collections, and strategic focus to meet the demand for ready-for-occupancy units.
The middle-income segment remained a core strength of Filinvest Land’s residential portfolio that accounted for 73 percent of total residential revenues.
Filinvest Land’s industrial business reflects a growing demand and rising investor interest in this sector. The segment contributed P385 million in revenues during the first nine months of 2025, comprising P357 million from the sale of an industrial lot and P28 million in recurring revenues from rental of ready-built factory units.