The developer generated record ready-for-occupancy sales of P1.7 billion, allowing it to unlock cash faster while reducing the carrying costs tied to stagnant inventory.
“Our priority has been to ensure that every peso of capital is working toward growth,” Filinvest Land president and CEO Tristan Las Marias said in a statement.
The move underscores how developers are increasingly prioritizing inventory turnover and balance sheet strength instead of aggressive expansion as elevated interest rates continue to pressure homebuyers.
“By successfully moving P4.1 billion in inventory this quarter, we have strengthened our balance sheet. This disciplined execution allows us to pursue new high-value opportunities with absolute confidence,” he added.
The strategy helped lift first-quarter revenues to P6.31 billion while net income reached P1.1 billion.
“The focus on RFO inventory allows FLI to maximize cash flow while minimizing the holding costs typically associated with stagnant inventory,” Filinvest Land said.
—Edited by Miguel R. Camus
