FLI upbeat on growth plans: Declares 32% dividend payout ratio

Optimistic and positioned for growth following its strong financial performance in 2023, Filinvest Land Inc. , announced a cash dividend for common shares amounting to P0.05 per share representing a 32% dividend payout ratio, the highest ratio declared since 2014.

“This underscores our commitment to create value and generate sustainable returns for our shareholders as we drive growth and progress in the real estate sector,” said FLI President and CEO Tristan Las Marias. Further solidifying its focus of providing value-for-money and future-ready homes, FLI plans to continue to develop mid-rise buildings, catering to the increasing demand for modern living spaces. The company launched 11 new projects in 2023 valued at P8.7 billion in key areas nationwide.“We sustained our growth trajectory fueled by a 13% growth in residential revenues of PHP14.49B, with solid sales results generated by our projects in Laguna, Davao, Pangasinan, Rizal, Zamboanga, and Cebu.

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