Strong sales, leasing buoyed Filinvest Land’s first quarter revenues, earnings

Insider spotlight:

• Q1 2025 revenues up 12 percent to P6.04 billion
• Net income up 8 percent to P1 billion
• Residential revenues rose 9 percent; leasing up 17 percent
• Luzon housing sales up 43 percent, VisMin up 9 percent
• Office GLA grew 18 percent, FILRT occupancy reached 81 percent
• Instahomes RFO campaign boosted older inventory sales
• Filinvest Land won 11 FIABCI PH awards, including Developer of the Year

Gotianun family-controlled Filinvest Land Inc. reported a 12-percent year-on-year increase in consolidated revenues and other income to P6.04 billion for the first quarter of 2025. Net income rose by 8 percent to P1 billion, while profit attributable to parent improved 3 percent to P905 million.

The company attributed its performance to robust residential activity, expanding leasing operations, and improved profitability across its business segments.

Residential revenues climbed 9 percent to P3.7 billion, led by housing developments in the Cavite, Laguna, Batangas and Rizal regions, Visayas, and Mindanao. Leasing income rose 17 percent to P2.06 billion as occupancy gains in office and retail portfolios continued.

Gross margins in the residential segment improved to 53 percent from 49 percent a year ago, while retail margins increased to 54 percent, driven by tighter cost control and better occupancy.

“Our focus on ready-for-occupancy sales is driving stronger residential revenues and better asset returns,” said Filinvest Land president and CEO Tristan Las Marias. He added that new malls in Activa Cubao and Mimosa Clark are expected to draw strong tenant interest, and VisMin projects continue to fuel growth.

Tristan Las Marias

The Filinvest Land CEO said RFO sales is driving revenues and asset returns.

Middle-income housing made up 79 percent of total residential sales, with the segment posting a 20-percent increase year-on-year. Luzon led regional growth with a 43-percent rise in sales, while VisMin added 9 percent. Cavite, Laguna, and Batangas nearly doubled sales, supported by developments in Trece Martires, San Pedro, Calamba, and Tanauan. Notable projects in VisMin included One Oasis Cebu and 8 Spatial Davao.

The company’s Instahomes campaign raised ready-for-occupancy (RFO) sales by 12 percent, with 71 percent of units sold from older inventory. This helped accelerate inventory turnover and improve returns.

Retail leasing revenue reached P638 million, up 8 percent, as occupancy rose to 75 percent. Newly opened attractions such as Paeng’s Festival Bowl and Nitori contributed to foot traffic and tenant activity.

Office leasing revenues reached P1.27 billion, up 19 percent, with occupied gross leasable area expanding by 18 percent to 400,905 sqm. The occupancy rate of its real estate investment trust unit also rose from 79 percent to 81 percent.

Filinvest Land said it continues to push its growth plans, including scaling international sales, prioritizing mass market housing outside Metro Manila, and enhancing RFO inventory management.