FLI profit rises to P1.1 billion in Q1

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May 20, 2026 | 12:00am

MANILA, Philippines — Filinvest Land Inc. (FLI), the Gotianun family’s real estate unit, saw its profit rise by 3.5 percent to P1.1 billion in the first quarter, driven by the growth in its residential and retail leasing operations.

Revenues from January to March increased by 4.5 percent year-on-year to P6.31 billion.

Accelerated collections and increased construction percentage of completion achieved during the quarter buoyed real estate sales by 6.1 percent to P3.92 billion.

Sales from reservation alone reached P2.7 billion in March, a 62-percent surge year-on-year.

FLI said the growth was distributed across key regional hubs in Mindanao, Central Luzon and the National Capital Region validating the company’s focus on ready-for-occupancy inventory to meet immediate buyer demand.

FLI’s mall business likewise continued to scale its contribution to the group, with leasing revenues rising by 17 percent to P744 million, with mall occupancy reaching 80 percent.

Office leasing, meanwhile, generated P1.26 billion in revenue with a 100-percent renewal rate for all first quarter lease expiries.

FLI president and CEO Tristan Las Marias said the company’s first quarter results reflect the strength of its long-term strategy that is anchored on diversification, township development and disciplined execution.

“While near-term market conditions remain selective, our portfolio continues to generate stable cash flows and positions us well for sustainable growth,” Las Marias said.

As one of the country’s most diversified real estate developers, FLI has a nationwide portfolio of more than 280 projects.

The company develops residential communities, mid- and high-rise condominiums, lifestyle retail, Grade A offices, mixed-use estates as well as industrial parks.

FLI said it received yesterday from the Securities and Exchange Commission the certificate of permit to offer securities for sale for its 3.5-year fixed-rate bonds amounting to P9 billion.

The issuance is the third tranche of FLI’s P35 billion shelf registered bonds.

The company raised P11.4 billion from the first tranche in December 2023 and P12 billion from the second tranche in March 2025.