Filinvest Land Inc., the property development arm of the Gotianun group, posted a 5 percent increase in net income to P3.64 billion for the first nine months of 2025, up from P3 billion a year earlier. Consolidated revenues grew 9 percent to P20.08 billion, led by steady leasing performance and robust residential sales.
Leasing revenues rose 7 percent to P6.13 billion, supported by high tenant demand and improved occupancy across the company’s retail and office properties. Retail leasing and other income reached P2.01 billion, driven by strong performance at Festival Mall and better occupancy in regional malls such as Il Corso in Cebu and Main Square in Bacoor. Office leasing revenues grew 5 percent to P3.68 billion, helped by an expanded leased area of 419,481 square meters and new tenants including the Department of Information and Communications Technology and Concentrix.
Residential revenues climbed 5 percent to P12.51 billion, fueled by project completions, strong collections, and targeted promotions for ready-for-occupancy units. Middle-income housing remained a key contributor, accounting for 73 percent of total residential revenues. Industrial sales added P357 million, with an additional P28 million from rental income from ready-built factory units.
The company highlighted a particularly strong third quarter, with total revenues reaching P7.8 billion, up 26 percent quarter-on-quarter, led by residential sales of P5.1 billion. Filinvest Land’s president and CEO Tristan Las Marias noted that improved mall and office occupancy, as well as upcoming new mall openings in Cubao and Mimosa Leisure Estate, are expected to sustain growth in recurring income.
Total operational gross leasing area across retail properties now stands at 258,017 square meters, with occupancy rising 10 percent from last year to 78 percent.
