Filinvest REIT Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 02:19 am
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Filinvest REIT Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 479.1 million compared to PHP 630.69 million a year ago. Revenue was PHP 640.35 million compared to PHP 822.19 million a year ago. Net income was PHP 160.13 million compared to PHP 344.92 million a year ago. Basic earnings per share from continuing operations was PHP 0.03 compared to PHP 0.07 a year ago. Diluted earnings per share from continuing operations was PHP 0.03 compared to PHP 0.07 a year ago.
For the nine months, sales was PHP 1,715.93 million compared to PHP 1,866.27 million a year ago. Revenue was PHP 2,222.19 million compared to PHP 2,463.27 million a year ago. Net income was PHP 721.44 million compared to PHP 1,050.95 million a year ago. Basic earnings per share from continuing operations was PHP 0.15 compared to PHP 0.21 a year ago. Diluted earnings per share from continuing operations was PHP 0.15 compared to PHP 0.21 a year ago.
Filinvest REIT Corp is a Philippines-based real estate investment trust company. The Company owns, invests in, purchases, acquires, holds, possesses, leases, constructs, develops, alters, improves, operates, manages, administers, sells, assigns, conveys, encumbers, in whole or in part; invests in, purchases, acquires own, holds, sells, assigns, transfers, mortgages, pledges, exchanges, or otherwise dispose of real estate and other related assets, and managed funds. The Company develops properties in the Philippines with a portfolio of residential, commercial, industrial, and office developments around the archipelago. The Companyâs portfolio consists of approximately 17 office buildings, 16 located in Northgate Cyberzone and one in Cebu Cyberzone. Its portfolio includes Axis Tower 1, Filinvest One, Filinvest Two, Filinvest Three, Vector One, Vector Two, Vector Three, Plaza A, Plaza B, Plaza C, Plaza D, Plaza E, iHUB1, iHUB2, 5132 Building, Capital One, and Cebu Tower 1.