FLI will receive 1.63 billion FILRT shares at P3.85 each in exchange for the asset, which includes the building and certain equipment. The deal was formalized on March 5, 2025, with both parties signing a memorandum of agreement and deed of exchange.
“The transaction fulfills FLI’s commitment as the sponsor of FILRT to continually support the growth and expansion of its REIT portfolio through the infusion of high-quality income generating real estate assets.”
Once completed, the asset transfer will increase FLI’s stake in FILRT from 51.06 percent to 63.27 percent.
FILRT shares last traded at P3.14 each while FLI shares were priced at P0.72 apiece.
