Filinvest Land Inc. (FLI), the real estate development arm of the Gotianun family, generated a net profit of ₱1.1 billion in the first quarter, representing a 3.5% increase year-on-year behind steady expansion in its residential and retail leasing segments.
Consolidated revenues for the three-month period grew 4.5% to ₱6.31 billion, up from the same period last year.
Real estate revenues climbed 6.1% to ₱3.92 billion, buoyed by accelerated buyer collections and increased construction milestones. In March alone, reservation sales registered a sharp 62% year-on-year surge to reach ₱2.7 billion.
FLI noted that the sales momentum was spread across key regional hubs in Mindanao, Central Luzon, and the National Capital Region, validating its ongoing strategy to capitalize on ready-for-occupancy (RFO) units to meet immediate market demand.
The property developer’s retail leasing segment also expanded its contribution to overall group performance. Mall leasing revenues jumped 17% to ₱744 million, with overall mall occupancy climbing to 80%.
Meanwhile, office leasing generated ₱1.26 billion in revenue during the quarter, supported by a 100% renewal rate across all lease agreements expiring in the first quarter.
As one of the Philippines’ most diversified property firms, FLI maintains a nationwide footprint featuring over 280 projects spanning residential communities, mid- and high-rise condominiums, lifestyle retail malls, Grade A office spaces, mixed-use townships, and industrial parks.
Adding to its capital raising initiatives, FLI secured a permit from the Securities and Exchange Commission (SEC) to offer ₱9 billion in 3.5-year fixed-rate bonds. The offer forms the third tranche of the company’s ₱35 billion shelf-registered bond program, following earlier issuances of ₱11.4 billion in December 2023 and ₱12 billion in March 2025.
With additional report: The Philippine Star, Richmond Mercurio
