November 13, 2025 | 12:00am
MANILA, Philippines — Filinvest Land Inc. (FLI), the property arm of the Gotianun family, recorded a modest five percent net income growth to P3.64 billion from January to September, fueled by strong real estate business and sustained leasing momentum from its retail and office investment properties.
Revenues and other income jumped by nine percent year-on-year to P20.08 billion, supported by growth across all segments.
FLI’s leasing revenues improved by seven percent to P6.13 billion on the back of steady tenant demand and improved occupancy across the company’s office and retail mix.
Real estate revenues likewise grew by eight percent to P12.86 billion, driven by the strength of the company’s residential business and continued contributions from industrial lot sales.
FLI president and CEO Tristan Las Marias said the company’s focused rent strategies continue to bear fruit as seen on improved occupancy rates for its 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,” Las Marias said.
“Meanwhile, our residential business grew with our targeted RFO buyer promos and seller incentives, as well as sustained demand for our mid-income home offerings in Visayas, Mindanao and non-NCR Luzon regions,” he said.
FLI said that it continues to strengthen the synergy of its mixed-use portfolio by developing vibrant and community-oriented retail hubs that seamlessly complement its residential communities.
In the third quarter alone, over 8,000 square meters of tenant space started operations, while more than 12,000 square meters were newly leased.
Total operational gross leasable area across FLI’s retail portfolio currently stands at 258,017 square meters with an occupancy rate of 78 percent.
FLI said the company’s strategic focus on flexible and sustainable workspaces also continues to attract diverse industries, from government offices and BPOs to specialized service firms.
The company said that its industrial business, meanwhile, reflects a growing demand and rising investor interest in the sector.
FLI recently closed the sale of an industrial lot to Platinum 7i Holdings Inc., the local unit of Japan-based Nagatsu Precision Mold Co., Ltd., for the development of their manufacturing facility at the Filinvest Innovation Park in Calamba.
It has also recently signed a lease agreement with Astra Otoparts Philippines Inc. for several ready-built factory buildings within the same estate.