Should I give Filinvest REIT (FILRT) a second chance? The stock has lost around -50% of its IPO price and the dividend has dropped -40% over 3 years. But I do love a turnaround story and maybe this could be it. If I buy FILRT shares now, that is a yield of around 7.75% and dividends will be going up with future asset infusions and further rebalancing of their office tenants. In fact, the infusion of Festival Mall recently received SEC approval and will be accretive to 3Q2025 dividends. I also appreciate management’s efforts and commitment towards growing and diversifying the rental assets of the REIT.

I’ve stated before that AREIT is the best and largest while RCR is its younger sibling. FILRT seems to be a distant cousin with a smaller candidate of offices, malls and hotels for future infusion (around 900,000 sqm). Sponsor Filinvest Land also has a much smaller development pipeline compared to the two property giants. However, if FILRT succeeds in doubling its leasing portfolio within three years and raising occupancy rates to 95% (from the current 83%), this REIT might just be one of the best buys out there.