MANILA — Filinvest Land Inc. (FLI) convened its annual stockholders’ meeting on April 23, 2026, reporting a 2025 performance characterized by disciplined execution, strategic focus, and steady progress across its nationwide portfolio. The meeting, held at the company’s headquarters in Alabang, Muntinlupa City, highlighted the company’s continued growth trajectory despite elevated interest rates and ongoing global economic uncertainties. President and CEO Tristan Las Marias presented a comprehensive review of the past year’s achievements and outlined the company’s strategic pivot towards recurring income assets and regional expansion as key pillars for long-term value creation.
Steel and Glass in the Provinces
The meeting revealed that FLI’s residential business remained the primary growth engine, generating ₱16.27 billion in revenue. The company’s strategy of focusing on high-demand areas outside Metro Manila is paying off, with successful launches in Davao, Zamboanga, and General Santos. These provincial cities have shown robust demand for mid-market condominiums and affordable house-and-lot packages, driven by expanding local economies and the return of overseas Filipino workers seeking secure investments back home. To maintain this momentum, FLI is targeting ₱9.3 billion in new project launches for 2026, focusing on in-demand mid-market and horizontal communities in key provincial growth corridors like San Rafael, Bulacan, and Leganes, Iloilo, while also expanding existing projects like The Glens in San Pedro City, Laguna.
One notable milestone is the topping-off of Sanremo Oasis Building 8 along Cebu’s South Road Properties. The 25-storey tower, which is on track for turnover in 2027, features modern upgrades such as fiber optic internet connectivity, smart locksets, and energy-efficient lighting systems. These enhancements reflect FLI’s commitment to integrating technology into its residential offerings, appealing to younger, tech-savvy buyers who prioritize connectivity and convenience. The company also reported strong take-up for its affordable housing brand, Futura Homes, which targets first-time buyers with monthly amortizations as low as ₱6,000 under Pag-IBIG’s expanded 4PH loan program.
The Recurring Income Engine
Recognizing the need for stability amid cyclical property markets, FLI is actively shifting its business model to balance development with recurring income assets. The meeting underscored that the company’s leasing revenues across the portfolio improved 5% to ₱8.25 billion, buoyed by a strong retail performance. Il Corso, the company’s waterfront lifestyle mall in Cebu, emerged as a standout performer, attracting both local residents and tourists with its mix of dining, retail, and entertainment options. The mall’s success helped drive overall mall occupancy up to 80% from 72% in 2024, a significant recovery from pandemic lows.
FLI’s office leasing segment also showed resilience, with occupancy rates stabilizing at 86% as of end-2025. The company continues to attract BPO and IT firms to its Grade A office buildings, particularly in its Northgate Cyberzone in Alabang and its Cebu Exchange tower. The industrial segment delivered ₱412 million in revenues, supported by the company’s innovation parks in Calamba City, Laguna, and New Clark City, Tarlac. These industrial parks are designed to accommodate logistics, warehousing, and light manufacturing, tapping into the growing demand for e-commerce and supply chain infrastructure. FLI plans to further activate its industrial platform by offering build-to-suit facilities for locators, a move expected to generate additional recurring income streams in the coming years.
A Bond Market Vote of Confidence
To fund these growth priorities, FLI is tapping the bond market with a planned issuance of up to ₱11.57 billion in fixed-rate bonds. The proceeds will be used to refinance existing debt and support capital expenditures for ongoing and upcoming projects. The bond issuance, which has received preliminary approval from the Securities and Exchange Commission, is expected to be oversubscribed given FLI’s strong credit rating and consistent financial performance. The company is also strengthening its capital structure after reporting a 6% growth in consolidated revenues to ₱25.90 billion and a 4% increase in net income to ₱4.81 billion for 2025. FLI’s board approved a cash dividend of ₱0.05 per share, payable to shareholders of record as of May 15, 2026.
Looking ahead, FLI remains committed to its long-term strategy of shaping communities that connect living and livelihood. Whether through residential communities, lifestyle retail centers, or industrial parks, the company continues to build the Filipino dream—one project at a time. As Las Marias noted in his closing remarks, “Our disciplined approach and focus on key growth areas position us well to navigate market cycles and deliver sustainable value to our shareholders, homeowners, and the communities we serve.”
