Filinvest REIT (Filrt) Corp., the real estate investment trust of the Filinvest group, said it recorded a net income of P1.05 billion in the nine months of the year through September, 38-percent lower than last year’s P1.69 billion. Know more:
Filinvest REIT Corp., the real estate investment trust of the Filinvest group, said it recorded a net income of P1.05 billion in the nine months of the year through September, 38-percent lower than last year’s P1.69 billion.“While the office leasing segment has its challenges due to emerging trends surrounding remote work, we remain focused on delivering growth for our shareholders,” Filrt President and CEO Maricel Brion-Lirio said.
The company said it continued to lock in the expiring leases in 2022, renewing and signing about 20,585 square meters or 86 percent as of the end of the third quarter. FILRT’s tenant mix is comprised of 90 percent BPOs with the balance largely traditional regional office headquarters with a small percentage of retail.
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