Filinvest REIT Corp. kicked off 2026 with a higher cash payout, as its board approved a dividend of P0.06 per common share, up 5.3 percent from the previous quarter’s P0.057. The dividend will be paid on March 19 to stockholders on record as of March 9.
At a closing price of P3.02 on February 19, the payout translates to an annualized yield of 7.9 percent, putting FILRT firmly on the radar of income-focused investors hunting for steady returns in a still-competitive rate environment.
The richer dividend comes on the back of stronger earnings. Based on unaudited results, FILRT posted P1.28 billion in net income for 2025, supported by P3.58 billion in rental and other revenues.
Stripping out fair value changes in investment properties, recurring net income jumped 53 percent to P1.95 billion from P1.27 billion a year earlier.
Growth was fueled largely by the addition of Festival Main Mall in May 2025, which expanded the portfolio’s gross leasable area by 37 percent to 452,310 square meters.
The mall infusion diversified income streams and helped lift overall occupancy to 87 percent in 2025 from 81 percent the previous year, outperforming the broader office market’s 81 percent occupancy reported by Colliers.
FILRT ended the year with 17 office buildings, one mall and one resort lot. It signed 15,722 square meters of new leases in 2025 and renewed 100 percent of expiring leases, underscoring tenant stickiness.
Weighted average lease expiry improved to 12.81 years from 7.3 years, strengthening income visibility.
Tenant mix now stands at 60 percent office, 32 percent retail and 8 percent hospitality, with multinational BPO firms anchoring the office segment.
FILRT continues to invest more on sustainability. Thirteen office assets are EDGE-certified, and all managed office buildings now run on renewable electricity. Festival Main Mall adds a 2.8 MWp rooftop solar installation, the largest of its kind in Metro Manila, reinforcing the REIT’s green credentials.
Higher dividends, longer leases and a broader asset base make FILRT’s income story harder to ignore.
