Filinvest REIT Corp. (FILRT) declared a cash dividend of P0.062 per common share, raising the total year-to-date dividends to P0.186 per share, representing an annualized yield of 7.1 percent based on the August 5 closing price.
The dividend is payable on September 5 to stockholders on record as of August 20.
FILRT posted strong financial results in the first half of 2025, with revenues rising 13 percent year-on-year to P1.57 billion, driven by operational improvements and the addition of Festival Main Mall to its portfolio. Net income grew 8.3 percent to P651 million, while cost and expenses were kept nearly flat at P613 million, up just 1 percent. Other charges declined 4 percent to P187 million.
Festival Main Mall, which began contributing revenue on May 29, was transferred from sponsor Filinvest Land, Inc., boosting earnings per share by an estimated 5.5 percent for the year. The acquisition expanded FILRT’s gross leasable area by 37 percent to 452,310 square meters.
President and CEO Maricel Brion-Lirio said the addition strengthens the company’s growth outlook and tenant diversification strategy.
FILRT’s portfolio now includes 17 office buildings, one mall, and one resort lot, with occupancy improving to 86 percent from 81 percent last year. Renewable energy adoption also advanced, with 16 of 17 buildings now powered by 100 percent renewable electricity, reinforcing FILRT’s commitment to sustainability.
