Filinvest Land nine-month income up 5% on residential, leasing lift

Insider Spotlight

• Net income for the first nine months of 2025 rose 5 percent to P3.64 billion
• Revenues and other income climbed 9 percent to P20.08 billion on leasing and residential strength
• Third quarter net income jumped 42 percent quarter-on-quarter to P1.5 billion
• Retail and office leasing advanced on higher occupancy and new tenant wins

Publicly listed Filinvest Land Inc. booked consolidated revenues and other income of P20.08 billion in the first nine months of 2025, up 9 percent year-on-year, as net income after tax grew 5 percent to P3.64 billion on the back of stronger leasing and residential contributions.

In a statement, the Gotianun family-controlled real estate developer said earnings before interest, taxes, depreciation and amortization (Ebitda) likewise rose 9 percent to P9.01 billion, reflecting operating leverage from its maturing investment property and housing portfolio.

By the numbers

Leasing revenues increased 7 percent to P6.13 billion, driven by higher occupancy in both malls and offices. Real estate revenues grew 8 percent to P12.86 billion, supported by residential completions, steady collections, and industrial lot sales.

The third quarter of 2025 marked the company’s best quarter so far this year, with total revenues reaching P7.8 billion, up 26 percent from the second quarter. Ebitda climbed to P3.29 billion, 11 percent higher quarter-on-quarter, while net income surged 42 percent to P1.5 billion.

Tristan Las Marias

The FLI chief says the firm’s focus on rental strategies continue to bear fruit.

Segment snapshot

Retail leasing revenues and other income rose 9 percent year-on-year to P2.01 billion, buoyed by Festival Mall and improving take-up in regional centers such as Il Corso in Cebu, Main Square in Bacoor, and Filinvest Malls Dumaguete.

Operational gross leasable area hit 258,017 square meters with a 78-percent occupancy rate, up 10 percentage points from last year.

Office leasing revenues, including real estate investment trust and non-REIT assets, increased 5 percent to P3.68 billion as occupied gross leasable area expanded to 419,481 square meters.

New tenants include the Department of Information and Communications Technology at Studio 7 in Quezon City and Concentrix at Filinvest Cyberzone Cebu.

Residential revenues grew 5 percent to P12.51 billion, anchored on ready-for-occupancy sales to middle-income buyers, which accounted for 73 percent of segment revenues.

Gross profit margin edged up to 52 percent from 51 percent, while residential Ebitda rose 7 percent to P4.67 billion. Third quarter residential revenues jumped 42 percent quarter-on-quarter to P5.13 billion, with reservation sales hitting P5.19 billion.

What they are saying

“Our focused rent strategies continue to bear fruit as we see improved occupancy rates for our malls and offices… 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,” said Tristan Las Marias, president and CEO of Filinvest Land, Inc. 

The bottom line

With leasing momentum, a resilient mid-market housing base, and an emerging industrial platform contributing P385 million in nine-month revenues, Filinvest Land is leaning on recurring income growth while preparing new malls in Cubao and Mimosa Leisure Estate in Clark to support future earnings. —Daxim L. Lucas | Ed: Corrie S. Narisma