Filinvest REIT Corp
PPSE:FILRT2.91
PHP
-0.01
(-0.34%)
ISIN
PHY2491W1046
CUSIP
Y2491W104
Return %
Stock
S&P 500
1Y
-10.19
14.20
3Y
-2.68
81.12
5Y
-60.25
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Joseph del Mar Yap
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Muntinlupa Philippines
- IPO Date
- Aug 12, 2021
- Website
- filinvestreit.com
- Similar Companies
- Business
- Filinvest REIT Corp. is a Philippines-based real estate investment trust sponsored by Filinvest Land, Inc., operating primarily in the commercial real estate and property leasing sector. Incorporated in 2000 and headquartered in Muntinlupa City, Philippines, the company owns, manages, and leases an income-generating portfolio of Grade A office buildings, commercial spaces, and land assets designed to accommodate multinational corporations, Information Technology and Business Process Management (IT-BPM) enterprises, traditional corporate tenants, and retail establishments. The company operates through two primary business segments: Commercial Office Leasing and Land Lease Operations. The company provides a comprehensive range of commercial property offerings and leasing solutions, which comprise: Grade A and prime commercial office spaces located in master-planned urban business hubs; Philippine Economic Zone Authority (PEZA)-accredited office units featuring redundant power infrastructure and district cooling systems; retail and commercial ground-floor spaces catering to food and beverage operators, convenience stores, financial institutions, and essential service providers; long-term land lease rights for commercial and hospitality developments; flexible workspace accommodations; and sustainable real estate management services featuring Leadership in Energy and Environmental Design (LEED) and Excellence in Design for Greater Efficiencies (EDGE) green certifications. The company's property portfolio is geographically concentrated in Northgate Cyberzone within Filinvest City in Alabang, Muntinlupa City, with additional regional assets situated in Cebu City and prime commercial land holdings in Boracay Island, Aklan. In recent strategic developments, Filinvest REIT Corp. has actively executed a portfolio diversification strategy to expand its asset base beyond pure IT-BPM office properties into hospitality, retail, and mixed-use commercial assets, underscored by the acquisition and long-term land lease infusion of beachfront resort land occupied by Crimson Resort & Spa Boracay. The company has also accelerated tenant rebalancing initiatives to capture traditional corporate offices, government agencies, and co-working operators to optimize portfolio occupancy rates. Operationally, Filinvest REIT Corp. has transitioned 100 percent of its operating office portfolio to renewable energy power supply agreements in partnership with licensed retail electricity suppliers, expanded its green building accreditations, and optimized its capital structure through proactive debt refinancing and disciplined dividend distributions under the Philippine REIT Act of 2009.