Filinvest REIT Corp. (FILRT), the real estate investment trust of the Gotianun’s Filinvest Group, on Wednesday said its acquisition of Crimson Resort and Spa in Boracay has broadened its income profile mix beyond office leasing. Know more:
Filinvest REIT Corp. , the real estate investment trust of the Gotianun’s Filinvest Group, on Wednesday said its acquisition of Crimson Resort and Spa in Boracay has broadened its income profile mix beyond office leasing.
FILRT said in November that it has bought the 2.9 hectares of land owned by Filinvest Development Corp. in Boracay Island for P1.05 billion in cash. FREIT Fund Managers Inc., which discloses the company’s quarterly performance, said the company’s strategy is to expand in key central business districts in Metro Manila and towards major regional hubs or key cities in the Philippines with high and stable occupancy from income-generating prime real estate properties.
Filrt was able to deliver a 7.35 percent dividend yield for its investors, based on total dividends paid in 2022 on year-end closing price of P5.50 per share.
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