Vis-Min expansion seen to benefit FLI
The strong performance of its properties in the Visayas and Mindanao, as well as areas outside Metro Manila in Luzon, will be the main growth driver of Filinvest Land Inc. (FLI) this year.
“The solid performance of our residential projects in VisMin and Luzon outside NCR (National Capital Region) continues to fuel overall growth in 2025,” FLI president and CEO Tristan Las Marias said in a disclosure on Tuesday.
“With strong fundamentals and an agile approach, we are well-positioned to build on this momentum.”
Apart from residential projects, Las Marias said they would also open new malls in Quezon City and Clark this year.
This comes after higher gains across its business segments lifted the first-quarter earnings of the Gotianun-led developer by 3 percent to P905 million.
Its top line likewise grew by 12 percent to P6.04 billion, buoyed by real estate revenues, which were up by a tenth to P3.7 billion.
Growth was attributed to “robust activity” in the Visayas and Mindanao, as well as the provinces of Cavite, Laguna, Batangas and Rizal.
Luzon had the steepest increase in residential sales at 43 percent.
“Our focus on ready-for-occupancy sales is driving stronger residential revenues and better asset returns,” Las Marias said.
Meanwhile, steady demand in the office and retail segments boosted leasing revenues by 17 percent to P2.06 billion.
Retail leasing revenues were up by 8 percent to P638 million. This came as occupancy rose to 75 percent from 68 percent due to added dining and lifestyle offerings in Cebu, Muntinlupa and Tagaytay.
Including contributions from Filinvest REIT Corp., its real estate investment trust arm, FLI’s office leasing revenues jumped by 19 percent to P1.27 billion.
