Filinvest REIT reports P1.9 billion profit in 2021

Philstar Global

Mar 26, 2022

EXCERPT


Filinvest REIT Corp., the real estate investment trust (REIT) of the Filinvest Group, reported a net income of P1.9 billion last year as rental and other revenues reached P3.4 billion.


Filinvest REIT president and chief executive officer Maricel Brion-Lirio said the company performed well despite the challenges.


“We are optimistic of a strong economic recovery in 2022, particularly in the business process outsourcing (BPO) industry, which comprises about 91 percent of our tenant base,” Brion-Lirio said.


She said Filinvest REIT has been resilient throughout the pandemic as BPO companies remained operational, albeit not 100 percent, even during periods of the tightest lockdowns.


READ FULL ARTICLE HERE


WELCOME TO OFFICE PRO PHILIPPINES.

We are the only office-space-focused real estate firm in the country.