FILINVEST Land Inc. grew its first-half 2026 net income by 4 percent to P2.21 billion from P2.12 billion a year earlier, backed by stronger reservation sales and leasing revenues despite a challenging property market.
In a disclosure on Tuesday, the property developer said consolidated revenues rose 2.9 percent to P12.57 billion from P12.21 billion in the first half of 2025.
Reservation sales jumped 50 percent year on year to P12.5 billion, which accounted for P6.8 billion of revenues in the first half. It was said to have been driven largely by brisk demand for ready-for-occupancy (RFO) properties.
June reservation sales alone reached P3.7 billion, the company's highest monthly level since 2018, Filinvest Land said.
Real estate revenues in the first six months increased 3.3 percent to P7.72 billion as the company focused on monetizing RFO inventory amid buyer demand for immediately available properties.
“Our first-half results demonstrate Filinvest Land’s ability to translate demand into earnings through a disciplined, diversified business model,” Filinvest Land President and CEO Tristan Las Marias said.
“The strong pickup in reservation sales, particularly in RFO, reflects both improving buyer activity and the strength of our product offering across key markets,” he added.
Leasing operations also delivered higher earnings. Retail leasing revenues climbed 12 percent to P1.47 billion from P1.32 billion as mall occupancy reached 81 percent. Office leasing revenues increased 2.4 percent to P2.54 billion from P2.48 billion.
Filinvest Land said its industrial business continued to capture robust demand in the period, particularly for 33-hectare mega lots at the Filinvest Innovation Park-New Clark City, which cater to logistics and manufacturing locators.
Office leasing also posted a 100-percent renewal rate for lease contracts expiring in the second quarter, the company said.
Las Marias said the company’s leasing and recurring income businesses were continuing to provide stability and resilience, adding that “as market conditions evolve, we remain focused on execution, capital efficiency, and capturing demand across our residential, commercial, and industrial segments.”
Shares of Filinvest Land closed unchanged at P0.70 each on Tuesday.
