Filinvest REIT reports P1.9 billion profit in 2021
Mar 26, 2022
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.
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