Filinvest REIT Inc., the real estate investment trust (REIT) of the Gotianun Group, said Tuesday that its shareholders have approved the issuance of 1.63 billion primary shares to its main sponsor, Filinvest Land Inc.
Filinvest REIT Corp., the listed real estate investment trust of the Filinvest Group, said Tuesday its board declared a quarterly cash dividend of P0.071 for shareholders as of record March 3.
Federal Land Inc. Chairman Alfred Ty remains optimistic about the Philippine property market, saying developers are positioned to weather the current downturn as the sector works through elevated inventory and prepares for a gradual recovery.
Palay and corn production may decline sharply in the third quarter, with the latest estimates from the Philippine Statistics Authority pointing to smaller harvest areas for both crops and weaker corn yields.
The Philippine hotel industry has lined up P387 billion in committed investments for more than 45,000 new rooms through 2032, signaling sustained developer confidence in tourism despite sharply higher construction and financing costs.
Federal Land Inc. is deferring the permanent redevelopment of the former Lexus Manila flagship showroom in Bonifacio Global City, choosing to operate the prime property as an events venue while waiting for market conditions to support a higher-value project.