I encourage you to watch the above 2021 interview if you’re interested in FILRT. It’s always goood to hear about a REIT’s direction straight from the source.

Josephine highlighted FILRT’s focus on sustainability and the district cooling system in Filinvest City, Alabang where most of the REIT’s properties are located. It also looks like FILRT will be a mixed type REIT with the possible inclusion of Filinvest’s retail / hotel assets and industrial properties in the future.

While FILRT’s sponsor has been in business for decades and they have a significant land bank, Filinvest has not been as aggressive in developing those assets as I would like them to be. You can see the pace of development in Alabang and their Cebu project – City de Mare. My apprehension therefore with FILRT is that it doesn’t grow fast enough in terms of acquiring income-generating properties compared to its peers. My other concern is the concentration of the office buildings in Alabang, even if it is a well planned and lovely estate.

It has an estimated dividend yield of 6.76% for 2022 and 7.06% for 2023.