Filinvest REIT Corp. (FILRT) has declared a regular second-quarter cash dividend for 2026, underscoring steady portfolio performance and improving occupancy across its office and mixed-use assets.
In a disclosure on Friday, the real estate investment trust said its board approved a dividend of P0.06 per outstanding common share, payable on June 5, 2026 to stockholders on record as of May 25, 2026.
The declaration brought total dividends for 2026 to P0.12 per share, equivalent to an annualized yield of 8.1 percent based on the closing price of P2.95 on May 7.
The company, the REIT arm of the Filinvest Group, said its portfolio continued to show improved fundamentals, supported by higher occupancy and leasing activity.
Overall portfolio occupancy reached 87 percent in the first quarter, up from 81 percent a year earlier and driven in part by the inclusion of Festival Main Mall, which helped offset softer rental rates in the office segment.
FILRT’s portfolio consists of 17 office buildings, one mall and one resort lot with a total gross leasable area of 452,310 square meters.
Tenant mix remains anchored on office leases, which accounted for 61 percent of the portfolio, followed by retail at 32 percent and hospitality at 7 percent.
Within the office segment, which posted 80 percent occupancy in the first quarter, multinational business process outsourcing firms made up 84 percent of tenants while the remainder consisted of traditional and co-working occupiers.
The company said it secured 3,646 square meters of new leases as of March, covering both new tenants and expansions within Northgate Cyberzone.
FILRT also reported that 39 percent of the 20,689 square meters of leases expiring in 2026 had been renewed or were under renewal agreements, while portfolio weighted average lease expiry stood at 14.2 years.
President and CEO Maricel Brion-Lirio said the company was maintaining a cautious but steady outlook for the remainder of the year.
“We approach the rest of 2026 with cautious optimism, focusing on efficient operations, careful capital management, and ongoing asset improvement,” he said.
The company;s shares were held steady at P2.95 each on Friday.
