Filinvest REIT Corp. (FILRT), the real estate investment trust of the Filinvest group, is acquiring a resort in Boracay even as earnings from its office leasing business declined.
Filinvest REIT Corp. , the real estate investment trust of the Filinvest group, is acquiring a resort in Boracay even as earnings from its office leasing business declined.
She noted that, “This not only increases the distributable income to our shareholders in the immediate term but also supports our goal of delivering stable dividends and increasing the potential for capital appreciation in the longer term. We remain focused on providing attractive returns to our investors.”
This likewise will improve occupancy by 1 percentage point to 89 percent and extend WALE to 6.83 years. FILRT’s total property value upon infusion will rise to P49.5 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,” said Brion-Lirio.
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