FILINVEST Land Inc. said Friday it posted a net income after tax of P1.1 billion in the first quarter of 2026, driven by stronger residential sales and growing contributions from its leasing businesses.
In a disclosure, the property developer said consolidated revenues also increased 4.5 percent to P6.31 billion from P6.04 billion a year earlier.
The company said this reflected the strength of its diversified portfolio and sustained demand for ready-for-occupancy (RFO) projects.
“These results reflect the strength of our long-term strategy — anchored on diversification, township development, and disciplined execution,” Filinvest Land President and CEO Tristan Las Marias said.
“While near-term market conditions remain selective, our portfolio continues to generate stable cash flows and positions us well for sustainable growth,” he added.
A key highlight during the quarter was the reduction of unsold residential inventory by P4.1 billion, supported by record ready for occupation (RFO) sales of P1.7 billion.
Real estate revenues climbed to P3.92 billion, while March reservation sales surged 62 percent year-on-year to P2.7 billion.
Filinvest Land said the growth was driven by projects in Mindanao, Central Luzon, and the National Capital Region, validating its focus on developments catering to immediate buyer demand.
Its mall business also posted strong results, with leasing revenues rising 17 percent to P744 million.
Mall occupancy reached 80 percent during the quarter, while Il Corso in Cebu recorded a 33-percent increase in foot traffic following asset enhancement initiatives.
Meanwhile, office leasing revenues reached P1.26 billion, supported by a 100-percent renewal rate for all lease expiries during the quarter.
The company also reported strong interest in the 33-hectare mega lots at Filinvest Innovation Park-New Clark City, supporting the continued expansion of its industrial segment.
On Friday, Filinvest Land’s share price was unchanged at P0.72 each.
