PHILIPPINES — Filinvest Land Inc. is moving homes at a pace few developers can match in today's market. The Gotianun-led property firm reduced its unsold residential inventory by ₱4.1 billion in the first quarter of 2026 alone, a drawdown powered by a record ₱1.7 billion in ready-for-occupancy sales. The achievement signals that the company's pivot toward asset velocity and capital efficiency is working.
President and CEO Tristan Las Marias described the quarter as evidence of strategic discipline rather than market luck. "Our priority has been to ensure that every peso of capital is working toward growth. By successfully moving ₱4.1 billion in inventory this quarter, we have strengthened our balance sheet. This disciplined execution allows us to pursue new high-value opportunities with absolute confidence," he said.
A Record Quarter Built on Ready Homes
The inventory drawdown was anchored by RFO units, which have become the centerpiece of FLI's strategy. March reservation sales surged 62 percent year-on-year to ₱2.7 billion, with growth distributed across Mindanao, Central Luzon, and the National Capital Region. The company's flagship project Alta Spatial emerged as the top-selling RFO development, proving sustained demand for move-in-ready units within established urban communities.
FLI's residential revenues climbed 5.9 percent to ₱3.92 billion, while total consolidated revenues rose 4.5 percent to ₱6.31 billion. Net income attributable to equity holders reached ₱1.1 billion, a 10 percent increase from the same period last year. The company noted that its strategy of "asset velocity" and "capital efficiency" was designed to navigate softer demand conditions and elevated financing costs.
Malls, Offices, and a Pipeline Worth Watching
Beyond residential sales, FLI's leasing business demonstrated renewed strength. Mall revenues jumped 17 percent to ₱744 million, with portfolio occupancy reaching 80 percent. The waterfront retail development Il Corso in Cebu recorded a 33 percent surge in foot traffic. Office leasing generated ₱1.26 billion in revenue, supported by a 100 percent renewal rate for all first-quarter lease expiries.
The industrial segment is gaining traction at Filinvest Innovation Park–New Clark City, where 33-hectare mega lots are drawing robust locator interest. Looking ahead, FLI has lined up ₱9.3 billion in project launches for 2026 and plans to tap the bond market with an issuance of up to ₱11.57 billion. The company's more than 280 projects nationwide now span residential communities, offices, retail developments, mixed-use estates, and industrial parks across 22 provinces.
