Defining the News
Filinvest REIT Corp., said Wednesday it plans to increase the occupancy rate across its office portfolio while acquiring more properties from the Filinvest Group.
The company ended 2023 with an average occupancy rate of 83 percent across its portfolio, better than the market’s average of 81 percent. Lirio said they also planned to expand their asset base with the acquisition of new assets from Filinvest Land Inc. and Filinvest Development Corp. as the company’s share price improve.“There are several identified assets but are dependent on a favorable exchange price to enable a property-for-share swap that is dividend-accretive for FILRT investors,” Lirio said.
“We will endeavor to strengthen and grow our business to deliver value to our shareholders,” she said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Filinvest Land and Department of Trade and Industry sign lease agreement for entire Filinvest Buendia BuildingDefining the News
Read more »
Nueva Ecija school bags Arnis medalsDefining the News
Read more »
Food shortages leave Cubans in anguish over next mealDefining the News
Read more »
Filipino-Indian group donates 10 computers to Region 1 police to mark Women’s MonthDefining the News
Read more »
President of Peru's home raided over undeclared Rolex watches: policeDefining the News
Read more »
Bayer Crop Science Philippines supports vegetable farmers through climate change conditionsDefining the News
Read more »