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FLI - Filinvest Land and related Co's


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FLI - Filinvest Land and related Co's . FLI owns 63.2% of FILRT, receives more Divs, than pays out

Locations:  Filinvest Portfolio (Luzon, at 2022): More Luzon, and outside: Map: Map2:

For over 50 years, the company has built a diverse project portfolio spanning the archipelago,
from its core best-value homes, to townships, mixed-use developments, mid-rise and high-rise
condominiums, BPO office buildings, shopping centers, and leisure developments.

One of the leading real estate developers in the Philippines with residential land bank of 2,236 ha
Developed over 200 projects and 3,000 ha of land

SEP'22: FILRT may trigger the next rise in FLI .

update :   FLI (0.87)/ FILRT (6.47)= 13.4% ... from: 2012: 2016:

Previous: FLI (0.89)/ FILRT (6.98)= 12.8%, up from June Low

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FLI, FDC, FILRT ... All: from Jan.2012: 3.17.20: Jun.2021: Oct.'21: 2yr: 1yr: YTD: 10d / 0.91, 7.00, 6.39

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TLT vs. REITSupdate: FLI.ph: 0.89 / TLT: 107.67 = Ratio 0.83%: TYX: 3.51%, FI.dv: 5.22%, FR.dv: 6.66% +3.15%

: prev. 8.24.22 :  FLI.ph: 0.90 / TLT,Bonds: 113.62 = Ratio 0.79%: TYX: 3.21%, FI.dv: 5.17%, FR.dv: 6.82%, +3.61%

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All: from Jan'12: May'13: Sep'18: Mar'21: 2021: FLI: 0.90, 5.2%; FDC: 7.00, 1.0%;  FILRT: 6.28, 6.8%

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ALLw/Fdc: from Jan.2012: ... "Development of Filinvest City began in 1995"

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FLI-TLT... w/FDC, from ALL: 2008: 2012: w/o FDC, from ALL: 2008: 2012: 2016: 2020: YTD:

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FLI-TLT... w/o FDC, from ALL: 2008: 2012: 2016: 2020: YTD:

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Sym.  : Last: ShsOS : MktCp: BkVal: Pr/BV : Divs. : Yield  : DvPd
FLI.      : 0.91  24.25B = 22.1B: P3.62: 25.1%:  0.047: 5.16%:  1.14B (covered by 1.33B divs from FILRT holding)
FILRT  : 6.39. 4.893B = 31.3B: P1.22: 524.%: 0.430: 6.70%: 2.10B
Public, 36.8%  1.80B  = 11.5B: P1.22: 524.%: 0.430: 6.70%: 0.77B
FLI pct 63.2%  3.09B = 19.7B: P1.22: 524.%: 0.430: 6.70%: 1.33B
FDC*   :  7.00,  8.65 B = 60.6B: 14.29: 49.0%: 0.070: 1.00%: 0.61B > owns 64.66% of FLI
=========

*Gotianum family co's own 87.7% of FDC.

In 2021, FLI sold 36.7% of its ownership in FILRT (formerly CPI) to the public which includes 16 buildings in Northgate
Cyberzone and 1 builiding in Cyberzone Cebu. The balance of existing offices and those under construction remain to
be 100% owned by FLI.
FLI’s current office portfolio consists of 31 operational office developments, 17 of which are in FILRT. FLI also has
13 office buildings under construction.
For 2022, FLI expects to complete 11 projects located in Northgate Cyberzone Alabang, Clark Mimosa, Quezon City,
Makati CBD and Ortigas CBD bringing FLI’s total office portfolio to 743,406 sqm. (including 301,000 sqm. under
FILRT).

WINNER's CURSE, was a Shadow of the 1995 "Victory": The development of Filinvest City began in 1995, by Filinvest at the site of the former Alabang Stock Farm.Under the administration of President Fidel V. Ramos, the farm was opened for joint development with the private sector and the government-owned property was placed for bidding The Gotianuns acquired the farm after it bested the bids of companies of the Ayala and Gokongwei families in a government-organized bidding

> Wiki: https://en.wikipedia.org/wiki/Filinvest_City

: PROFILE: https://filinvestland.com/

Year YEnd: BkV.:  EPS : Div: Dv/E :
1995. 1.94:  x.xx:
1996. 2.84: x.xx:
2000  0.47: x.xx:
2005  0.88: x.xx
2008  0.39: 1.63: 0.080
2010.  1.31: 1.72:  0.120
2012  1.49: 1.89:  0.190
2014. 1.53: 2.15:  .161E:  .050:  31%
2015. 1.81: 2.30:  .187E: .056:  30%
2016. 1.53: 2.45: .203E: .061:  30%
2017. 1.88:  2.62: .2345: .061: 26.0%
2018. 1.41:  2.76: .2429: .061: 25.1%
2019. 1.50:  2.97: .2600: .061: 23.5%
2020. 1.21:  3.05: .1537: .065: 42.3%
2021. 1.10:   3.62: .1567: .031: 19.8%
2022 0.90e x.xx: .xxxx: .047:  30%? > 1H: pretax Earnings up 5%... .1567 x105%= .1645 x30%= 0.049

2020: In Retrospect... GLA Rental Target, from 2020 A/R
The crisis has brought many realizations in light of the strategies that your Company formulated years ago. It was around eight years ago when your Company made the deliberate decision to build up its recurring income segment with a heavier emphasis on the office segment to protect against the cyclical risks of the residential segment. This was anchored on FLI’s strength as one of the pioneers in Business Processing Outsourcing (BPO) companies workspace, growing with the industry since its infancy.

FLI and its subsidiaries now operates 36 office and retail developments with over 780,000 square meters of Gross Leasable Area (GLA). We are broadening our offerings with emphasis on warehouse and land lease space for the logistics
and e-commerce players. Together with its new innovation parks for lease, your Company targets to reach 2.3 million square meters of GLA by 2024 for its recurring income business.

2021 A/R:  Continued concessions in support of our mall tenants coupled with the full year impact of 2020 pre-terminations of POGO office tenants outside of the Filinvest REIT (FILRT) portfolio caused a 26% decline in rental revenues. We believe that this would be the trough of the rental business cycle.
Our vast inventory of investment properties are potential infusions to grow FILRT, which will provide opportunities for FLI to further recycle its capital.”

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GROWTH coming to FILRT /FLI: 301k GLA > 743k overall by FLI, end-2022

FLI’s current office portfolio consists of 31 operational office developments, 17 of which are in FILRT. FLI also has 13 office buildings under construction. (= 42 Offices either Built or under development.)
For 2022, FLI expects to complete 11 projects located in Northgate Cyberzone Alabang, Clark Mimosa, Quezon City, Makati CBD and Ortigas CBD bringing FLI’s total office portfolio to 743,406 sqm. (including 301,000 sqm. under FILRT). These are the upcoming buildings expected to be operational by the end of 2022 > more in 2021 AR.

Transforming FLI into an Investment Management Company

The year 2021 marked an important milestone for FLI. On August 12, 2021, the Filinvest REIT Corp. (FILRT) was listed on the Philippine Stock Exchange, as the third REIT (Real Estate Investment Trust) in the country. FLI sold 36.7% of its ownership in FILRT (formerly Cyberzone Properties Inc.) to the public. This marks the transition of FLI from a development focused company into an investment management company.

FILRT ... All: YTD: 10d : Last: 6.39

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FLI vs. FILRT, AREIT ... update: All-FLIrt-Wk:

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AREIT vs. FLI , FILRT ... ALL Data: update: All-FLIrt-Wk:

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Sym.  : IPO ShsOS : MktCap: BkVal:
FILRT : 7.00. 4.893B =
34.3B : P1.22: MktCap at time of IPO ... sold 36.7% (1.8B shs x 7.00= 12.6B)

FILRT’s successful IPO (Initial Public Offering) generated net proceeds of P12.26 billion. FILRT is composed of seventeen (17) buildings mostly located in Northgate Cyberzone, a PEZA-accredited IT park in Filinvest City, Alabang, Muntinlupa. FILRT is the first sustainability focused REIT. These buildings have the unique advantage of being located within Filinvest City, the first LEED-certified CBD in the Philippines and the largest in Southeast Asia that has attained LEED Gold in Sustainable Neighborhood Development. Substantially all of this office portfolio is serviced by the country’s first and largest district cooling plant with a 12,000 ton capacity. Built in 2017, the district cooling system protects the environment by cutting carbon dioxide emission through lower energy consumption, making it a key component of sustainable development.

We look at this IPO as an opportunity to accelerate growth as your company reinvests the proceeds in investment property and residential developments across the country.

The REIT issuance also provided the opportunity to recognize the real value of our office assets. The initial portfolio is valued at P48 billion by a third-party property appraiser while the book value of such assets was P10 billion at the time of appraisal.

In 2021, FILRT generated P3.44 billion in revenues and P1.85 billion in net income. FILRT has distributed three quarterly cash dividends to date totaling P0.336 per share. This is equivalent to an annualized dividend yield of 6.4 percent based on its initial public offering (IPO) price of P7.00 per share. This is higher than benchmark rates and better than the 6.3 percent dividend yield it projected for 2021 in its REIT Plan. To date, FLI has received P1.09 billion in dividends from FILRT.

Including FILRT assets, FLI and its subsidiaries operate 36 office and retail developments with over 780,000 square meters of Gross Leasable Area (GLA). Our investment properties also include warehouse and land lease spaces for the logistic and e-commerce players and co-living accommodations. Your company targets to reach 2.1 million square meters GLA by 2026 of investment properties. Your company’s presence in three major BPO Hubs – Metro Manila/Alabang, Clark and Cebu and its extensive land bank allows it to produce 5.3 million square meters of GLA. Our vast inventory of investment properties are potential infusions to grow FILRT, which will provide opportunities for FLI to further recycle its capital.

> source: https://filinvestland.com/annual-report/2021

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Sym.  : IPO ShsOS : MktCap: BkVal:
FILRT : 7.00. 4.893B =
34.3B : P1.22: MktCap at time of IPO

FILRT Final REIT Plan : https://filinvestland.com/sites/default/files/pdf_files/FILRT Final REIT Plan and Reinvestment Plan_0.pdf

Managing the Pandemic - 30 Bn. "Pipeline of Projects" Stalled, leverage reduced

We continued to manage our cash flow conservatively by launching a modest number of projects during the year as we continuously evaluated inventory absorption and potential cancellations due to pandemic job impact. We have, however, a pipeline of P30 Billion that are ready for launch once market demand dictates.

Leverage was down from a net debt to equity (DE) ratio to 0.66 to 1 and gross DE ratio of 0.76 to 1 from 2020 levels of 0.85 to 1 and 0.94 to 1 respectively.

FLI also raised P10 billion through the issuance of 4- and 6- year peso fixed-rate bonds in December 2021. The bonds, which attained the highest PRS Aaa rating from the Philippines Rating Services Corporation (PhilRatings), was four times oversubscribed. We are grateful for the trust of the investor market in Filinvest Land. This was instrumental to our successful fundraising activities in the past year. These funds will accelerate the implementation of our expansion plans and continue building the Filipino dream.

The interdepartmental synergy teams we formed right before the first lockdown formulated solutions, process improvements and digitalization of key data that helped us navigate through the two years of the pandemic. Our digitalization efforts bore fruit as we were able to continue our sales efforts and capture the increasing demand for sustainable homes. Our customer management system ensures that transactions are processed in a timely manner.

Prospects for 2022

In the last quarter of 2021, during the aftermath of the disruptive Delta Variant, we saw a glimpse of an opening economy amidst a widely vaccinated Greater Metro Manila population. The year 2022 opened with an extreme surge but short Omicron assault which caused a pause to the economy but it quickly resumed its upward momentum. GDP grew by 7.8% in the last quarter and is projected to grow by 7-9% in 2022. As we anticipate the reopening of the economy, our balanced portfolio of residential inventory and investment properties will be ready to meet the demands of the market.

As we look forward to the new normal and a brighter future, we are confident that a renewed business environment will enable us to serve more homebuyers, office and mall tenants. We are excited about our new businesses, the industrial parks and co-living accommodations.

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C05841: Filinvest Land 1st half 2022 results

Filinvest Land (FLI) recorded a 7% growth in its consolidated revenues and other income for the first half of the year at Php 9.1 billion compared to the same period last year. The revenue growth was due to the strong performance of FLI’s residential and retail businesses. FLI’s residential revenues grew by 10% to Php 5.8 billion.

The company’s retail rental revenues also grew by 53% compared to the same period last year. Residential and retail rental revenues contributed 72% to FLI’s consolidated revenue performance for the first half of the year. Office leasing and sale of industrial projects contributed the remaining 28% of FLI’s consolidated revenues and other income. The growth in residential revenues were due to accelerated construction progress and strong performance of its housing projects in Cavite, Laguna, and Rizal and medium-rise condo projects in Metro Manila and Davao. The growth in retail rental revenues was due to improvement in its malls occupancy and the gradual removal of rental concessions. FLI’s consolidated earnings before interest and taxes also grew by 5% for the first half of the year versus the same period last year. FLI’s sales of housing and condominium units are up 30% in the first half compared to the same period last year with total option sales of Php 9.1 billion as of the end of June 2022.

C05842: Filinvest Land press release - 1

.... "We are happy to see our sales volume increase to pre-pandemic performance and, happier, to see sales growth recorded in almost all the provinces where we operate. We have invested to build bigger distribution channels both locally and abroad to reach more customers and support our expansion activities, and it is paying dividends for us," said Filinvest Land President Tristan Las Marias.

C05842: Filinvest Land press release - 2
Filinvest Land said it has launched new condominium projects in Dagupan City, Zamboanga City, and new condo buildings in existing condo communities in Davao City, Cagayan De Oro, Cebu City, and Metro Manila. The developer also opened expansion phases in its housing and subdivision projects in Pampanga, Rizal, and Cavite. FLI estimates to roll out Php 14 billion of new launches and expansion projects for the rest of 2022. "Our economy is vibrant once again and our OFW remittance has never been stronger. We are seeing strong recovery from all our business segments, and we aim to take advantage of our extensive geographic presence to catch unserved and emerging property demands as businesses further open in the country," added Las Marias
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FLI, FILRT vs. AREIT ... 2yr: YTD: Yields: FLI: 5.17% at 0.90, FILRT: 6.79% at 6.30, AREIT: 4.93% at 39.15

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FLI versus other: ROCK, CDC ... Areit-etc: update: 10d:

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WINNERS CURSE (relating to Alabang Farm bid) shows up in FLI's Stock chart

All: from Jan.2012: ..."Development of Filinvest City began in 1995" FLI briefly exceeded P4.00, now under 1.00

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CHECK the History...

WINNER's CURSE, was a Shadow of the 1995 "Victory": "The development of Filinvest City began in 1995, by Filinvest at the site of the former Alabang Stock Farm.Under the administration of President Fidel V. Ramos, the farm was opened for joint development with the private sector and the government-owned property was placed for bidding The Gotianuns acquired the farm after it bested the bids of companies of the Ayala and Gokongwei families in a government-organized bidding." > wiki

The pattern repeats,  but the interesting thing is.  From 4.00 in 1995, the stock is now back below 1.00 !  Winning that BID was not a big victory.  It put a 25 year LOSS in FLI's portfolio.

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Fred Harrison on the speculative "Winner Curse" phase:

"In Boom Bust , I trace land values over four centuries. They move in 18-year cycles, identifying a clear pattern of turning points in the economy. Embedded in this process is a 14-year house-building cycle, terminating in feverish land speculation. During the last two years of the construction cycle people recklessly expose themselves to the Winner's Curse.

In the land market, a rise in demand cannot result in an offsetting increase in supply in places where people want to live and work. So prices are driven to dizzying heights by speculators, who outbid each other with offers for tracts that cannot yield an economic return. The market stalls and the house of cards comes crashing down."  > source: Guardian, 27 Mar 2005

Barangay Alabang, part of the second district of Muntinlupa, has undergone tremendous growth mainly due to a development boom in the late 1990s. The development of high-end large scale commercial real estate projects; the Filinvest City, changed the landscape of the Alabang where it was once vast fields of cow pasture until the late 1980s, into a district that houses new residential, business, industrial and commercial establishments.[citation needed]

Some of the country's premier business district, Filinvest City's Spectrum Business District, The Northgate Cyberzone which specializes in hosting information and technology industries, the towering Insular Life Towers, the Asian Star Building home to Fluor Corporation and other big companies, As SCA Hygiene Philippines, Henkel Philippines, Other Satellite Offices...  > wiki

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FILRT / FILreit is now over 90% BPO Tenants,  but it did not start that way 25+ years ago

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Alabang stock farm in the 1990's... has been turned into...

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Northgate Cyberzone is the information technology park within Filinvest Corporate City in Alabang. The 18.7 hectare, PEZA registered IT zone is designed, mastered-planned and built around the needs of technology-based companies engaged in Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO), education, learning and firm, software design and multimedia, call centers, e-commerce, banking and financial services, as well as other IT support businesses and the like.

Northgate Cyberzone provides office buildings and spaces for lease and built-to-suit (BTS) packages. Under the BTS arrangement, companies can custom-build according to their specifications and operational requirements in an expedient and cost-effective manner.

> https://www.yellow-pages.ph/business/northgate-cyberzone_1

EARLY ASSESSMENTS of FILRT

WHAT IS FILREIT | FILINVEST REAL ESTATE INVESTMENT TRUST | STOCKS | BASIC KNOWLEDGE |Buhay Manila

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FILINVEST REIT LISTING at 7 PESOS / "Primarily BPO's.  Raised 12.6B at P 7.0" /

Marvin Germo : 319K subscribers,  12,604 views   Jul 23, 2021
 
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FIL, FILRT DIV History

Year:  may : nov.:  - FLI: x24.3b/ feb.: may: aug: nov.= FILrt x4.89b x63.2%
2022: 0.047: ????=.0470  1.14b/ .116: .088: .09E .09E= .384e 1.88b, 1.18bEst
2021: .0155:.0155=.0310 0.75b/ ===: ===: .112: .112.= 0.224: 1.10b, 0.70b

FILRT’s property portfolio consists of 17 Grade A office buildings totaling over 300,000 square meters
of gross leasable area (GLA) valued by an independent appraisal company at 48.5 billion (P161.6k psm)

Appraisal: ₱48.5 Bn (P161.6k per sqm., mid-2021)

Appraisal: ₱48.5 Bn/300k (P161.6k psm x7.50%= 12.13k, P1,011 psm/ mo.
MktCap. : 4.89B x 6.30= P30.8B MktCap. vs ipo at 7.0= 34.2B
Revenues: 300k sqm x 12.13psm      = P3.64B, 2021
Earnings : 20.4 PER: 30.8MCp/ 20.4 = P1.51B (41.5%)
Dividends: 6.79% yield: x 30.8B = P2.09Billion p.a.
MktCap. ₱30.8B +9.8debt= P40.6B/300k (P135.3k per sqm), *ipo: P147k psm

Of these,16 of the 17 buildings are in Northgate Cyberzone in Filinvest City in Alabang, a PEZA Special
Economic Zone and IT park while another building is located in the gateway of Cebu IT park in Lahug,
Cebu City.

Despite the challenges of a globally changing workplace environment, FILRT maintained a very strong
history of lease renewals. FILRT signed and renewed 90% of its 2021 expiring leases with an average
five-year lease term. > source

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FILRT NEWS

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BPO RENTS LOWER, per Colliers

office-for-rent-in-alabang-metro-manila.

Rent: ₱ 900,000 / month ( Min. 3 years contract )
 
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Furnished BPO Office Space for rent in Alabang (rented now)

Alabang Alabang, Muntinlupa  ₱ 435,000 Monthly / 511 m² = P 851 per sqm ASK

IT-BPM sector posts growth in revenue, jobs

SUMMARY

The Information Technology and Business Process Association of the Philippines (IBPAP) reported that the Information Technology and Business Process Management (IT-BPM) industry’s revenues grew by 10.6% to USD29.5 billion (PHP1.6 trillion) from USD26.7 billion (PHP1.4 trillion) in 2020. The number of full-time employees also increased by 120,000 to 1.44 million, higher by 9.1% from 1.32 million a year ago. IBPAP attributed the higher revenues to the growth of e-commerce, healthcare, and financial technology subsegments. IBPAP is also working with government agencies to streamline registration of new investors.

RESEARCH REVIEW

Colliers recorded about 146,100 square meters (1.6 million square feet) of office deals in Metro Manila in Q1 2022, up 30% YOY. In our opinion, the improvement in business confidence has driven the expansion of local and multinational firms in the country, including outsourcing companies. Colliers saw about 60,200 square meters (648,000 square feet) of office transactions from outsourcing firms in Q1 2022, up 68% YOY. Outsourcing companies such as Alorica, ePerformax, and Michael Page took up office space in the Bay Area, Makati Fringe, and Makati CBD during the period. We believe outsourcing firms as well as traditional occupiers will likely lead office space demand for the remainder of 2022. Colliers recommends that occupiers take advantage of rental corrections in major business districts. Average office rents in Metro Manila have dropped by about 30% compared to pre-Covid-19 pandemic rates.

> https://www.colliers.com/en-ph/research/property-market-intelligence-bpo-revenue-jobs-growth-moodys-philippines-gdp-forecast

LAMUDI Price Index follows: Maybe not PEZA, and not Class A. Upwards trend looks strong here

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Projects outside Metro Manila,  Zamboanga example

This week, Colliers Research provides insights on Filinvest Land’s new condo development in Zamboanga City and why the development of key cities outside Metro Manila will play an important role in helping the government achieve inclusive growth. Meanwhile, IBPAP announces that almost 30% of the country’s 1.4 million BPO workforce came from outside Metro Manila. According to IBPAP, digitalization is one of the main factors driving IT-BPM companies to expand in the provinces.

First residential condominium to rise soon in Zamboanga

SUMMARY

Filinvest Land Inc. (FLI) is developing the first-ever condominium project in Zamboanga City. Futura Vinta is a mid-rise condominium project that will be developed along Vitaliano Agan Avenue. FLI president Tristan Las Marias hopes that the developer’s investment will support the region’s continued economic expansion. FLI is investing PHP1.3 billion (USD23.6 million) to complete the midrise project. FLI has two other subdivision projects in Zamboanga City.

RESEARCH REVIEW

Colliers Philippines believes that the development of key cities outside of Metro Manila plays an important role in helping the government achieve inclusive growth. The development of vertical residential projects aside from the construction of the typical horizontal units also signifies a gradual shift in residential preferences, paving the way for a more diverse residential offerings in the market.

> https://www.colliers.com/en-ph/research/property-market-intelligence-filinvest-zamboanga-condo-project-bpo-jobs-provinces

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Is ‘Tubig’ too big an issue? / the Safe Water issue

Published August 26, 2022, by Griselda Gay G. Santos

BUSINESS-OPTION-santos-222x300.jpgIt is said that the pandemic fast-tracked digitalization and revived the idea of “balikprobinsiya” or the mindset of wanting to relocate to the province. I was among the many Filipinos who decided to establish a residence in the province for better mobility, space, and access to fresh air during the pandemic.

I was born and raised in Manila but spent more than half of my life in a major city abroad – Washington, DC, USA. I never exerted effort to appreciate the option of living in a rural area. For me then, living in the city is simply the best and the only option.

Then the pandemic happened with all its restrictions, and I found myself confined to the walls of an apartment building for almost a year. Finally, I gathered the courage to move to the unknown. Looking back, so far, so good.

> https://mb.com.ph/2022/08/26/is-tubig-too-big-an-issue/

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MAKATI Projects

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3012489dc0063af7db8f563fb2101065-main.

100 WEST : Filinvest Land Inc. adds another feather to its cap as 100 West, a mixed-use development envisioned to be the go-to place where one can lead a multi-faceted lifestyle, won the prestigious Best Investment Property in this year’s Southeast Asia’s Best of the Best Awards by Dot Property, a digital media company that drives a network of nine property portal websites and offline media throughout Asia in recognition of the absolute best projects, developers and companies that contribute to real estate...

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387 GUY PUYAT: 387 - Filinvest

A new prime office address soon to rise in the heart of Makati City, 387 is a 14-storey development that will complement the vibrant and fast-paced lifestyle of urbanites by offering state-of-the-art leasable office and retail spaces.

Delivery: Expected Completion August 2022. All details are subject to change without prior notice.

SSC comment:

Unknown under construction building along Sen. Gil Puyat avenue.Construction is already at the 15th level. View attachment 959932 bernieparasgan

I never thought the zoning for that area would allow for such height. I guess that would signal the start of taller buildings for that stretc

 
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LINEAR

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CLARK: "the government’s Build Build Build program and will provide the needed roads and transportation systems that will open new opportunities for the residential business especially in areas outside of the highly-congested Metro Manila. Filinvest Land, Inc. (FLI) has more than 2,200 hectares of land bank nationwide. In addition, FLI has the right to develop 288 hectares in Clark Green City and another 201 hectares together with the leisure and hospitality arm of Filinvest Development Corp. at Clark Mimosa." (2017 A/R)

DTI-BOI, BCDA, and Filinvest Land urge Singapore to invest in Clark

This 120-hectare development offers ready-built factories as well as built-to-suit industrial buildings for factories, warehouses, logistics hub, support offices, and other industrial hub requirements.

“Filinvest Innovation Park will house high-speed internet infrastructure, 24/7 digitally-empowered security force , e-vehicle mobilty, robust infrastructure connection, renewable energy connections, digitalized park services, and increased supply chain efficiencies,” said Filinvest Land Senior Vice President and Head for Industrialand Logistics Francis Ceballos.

The development of FIP comes at an opportune time with the country’s Purchasing Management Index (PMI) and Gross Merchandise Value (GMV) on the rise. The Philippines’ PMI reached a 53-month high for April 2022 reaching 54.3 – the highest reading since November 2017. The country also posted a 93% year-on-year GMV growth from $9B GMV in 2020 to $17B in 2021. This makes the Philippines the fastest growing internet economy in South East Asia according to e-Conomy SEA 2021

> https://propertyreport.ph/news-and-events/2022/07/29/26763/dti-boi-bcda-and-filinvest-land-urge-singapore-to-invest-in-clark/

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EW / East West Bank is 78% owned by FLI's parent, FDC

FLI, FDC, FILRT, EW ... All: from Jan.2012: 3.17.20: Jun.2021: Oct.'21: 2yr: 1yr: YTD: 10d / 0.91, 7.00, 6.39

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FLI /Filinvest Stock trades like a REIT stock

FLI- etc >6/'205/'21: 3yr: 1yr: Ytd: Flip: 10d / P0.90 / TLT: $108= Ratio 0.83% .. Mreit: xx (%), RCR: xx (%)

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Ytd: Flip: 10d

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Flip: 10d /

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FILRT may be signaling an end to the REIT Downturn...

Dec'21:  9.16.22: FILRT: 6.98 +0.50, +7.72%, Vol. 1.19M

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Mar'21:

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FILRT may be the trigger for the next rise in FLI . update: FLI (0.89)/ FILRT (6.98)= 12.8%, up from June Low

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