Disclaimer: The information here may not always be up to date, but we will always try our best to provide the lastest available info.

About FILRT taken from the PSE

Filinvest REIT Corp. (FILRT) was registered with the Securities and Exchange Commission on January 14, 2000. The Company began commercial operations in 2001 and is registered with the Philippine Economic Zone Authority as an economic zone facilities enterprise. FILRT was originally known as Cyberzone Properties, Inc. before changing its name to the present one on July 2, 2021.

FILRT’s principal investment strategy is to invest in income-generating real estate. To meet the investment criteria, a potential new real estate should be located in a prime location in either Metro Manila or other key provinces in the Philippines; be focused on Grade A commercial properties (including industrial properties); and have stable occupancy, tenancy, and income operations. The Company’s sponsor is Filinvest Land, Inc.

FILRT’s property portfolio currently consists of 17 office buildings, of which 16 are in Muntinlupa City, Metro Manila and one is in Cebu City. The land on which the 16 office buildings are located is leased by the Company from the sponsor, while the land on which Cebu Tower 1 is situated is owned by the Cebu Provincial Government and is operated by the Company under a build-transfer-operate arrangement.

DIVIDENDS! This is where you'll get your money if you buy, hold and don't sell

Date of Approval by Board of Directors: Aug 31, 2021

Amount of Cash Dividend Per Share: ₱0.112/share

Ex-dividend Date: Sep 10, 2021<–will be paid to you if you’re a stockholder before this date

Record Date: Sep 15, 2021

Payment Date: Sep 30, 2021 <–your payday


On Ex-dividend:
Own the stock before the ex-dividend date and you get the dividend; buy it on or after the ex-date, and you don’t – the seller of the stock gets it.”

Point of interest regarding your dividends

The Company’s Dividend Policy

…the Company intends to maintain an annual cash dividend payout ratio of at least 90% of Distributable Income for the preceding fiscal year, subject to compliance with the requirements of the REIT Law and the Revised REIT IRR, including but not limited to the requirement that the dividends shall be payable only from the unrestricted retained earnings as provided for under Section 42 of the Revised Corporation Code, among % of Dividends others, the terms and conditions of the Company’s outstanding loan facilities in the event the Company incurs indebtedness, and the absence of circumstances which may restrict the payment of such amount of dividends, including, but not limited to, when there is need for special reserve for probable contingencies. The Company intends to declare and pay out dividends on a quarterly basis each year.

The failure to distribute at least 90% of the annual Distributable Income will subject the Company, if such failure remains un-remedied within 30 days, to income tax on the taxable net income as defined in Chapter IV, Title II of the National Internal Revenue Code, as amended, instead of the taxable net income as defined in the REIT Law. Accordingly, dividends distributed by the Company may be disallowed as a deduction for purposes of determining taxable net income. Additionally, other tax incentives granted under the REIT Law may be revoked, and the failure to distribute at least 90% of the annual Distributable Income may be a ground to delist the Company from the PSE.

If you buy a share of stock of FILRT, you will have ownership interest of these properties

1. [email protected] A at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is a 6 storey office building, Grade A classified and PEZA Accredited. It has 10,860 square meters of gross leasable area and 64 parking spaces. As of March 2021, this is 100% occupied. Its main tenant is the BPO company Concentrix.

2. [email protected] B at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is a 4 storey office building, Grade A classified and PEZA Accredited. It has 6,488 square meters of gross leasable area and 58 parking spaces. As of March 2021, this is 85.20% occupied. Its main tenant is BPO company codenamed Tenant 10.

3. [email protected] C at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is a 4 storey office building and is Grade A, PEZA Accredited. It has 6,540 square meters of office space and 58 car parking capacity. As of March 2021, this is 100% occupied. Its main tenant is the same Unnamed, codenamed Tenant 10.

4. [email protected] D at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is a 6 storey office space, Grade A classified and PEZA Accredited. It has 10,860 square meters of office space and 64 parking spaces. As of March 2021, this is 83.20% occupied. Its main tenant is a BPO company codenamed Tenant 16.

5. [email protected] E at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is 12 storey office building, Grade A classified and PEZA Accredited. It has 14,859 square meters of gross leasable area and 127 parking spaces. As of March 2021, this is 100% occupied. Its main tenants are BPO companies Majorel, Hinduja Global and EXL Service Philippines.

6. Capital One Building at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is a 5 storey office building, Grade A classified and PEZA Accredited. It has 18,000 square meters of gross leasable area and 93 parking spaces. As of March 2021, this is 100% occupied. Its sole tenant is the BPO company COPSSC (Capital One).

7. 5132 Building at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is 6 storey office building, Grade A classified and PEZA Accredited. It has 9,409 square meters of gross leasable area and 55 parking spaces. As of March 2021, this is 100% occupied. Its sole tenant is the BPO company Genpact Services LLC.

8. iHub 1 at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is a 6 storey office building, Grade A and PEZA Accredited. It has 9,480 square meters of gross leasable area and 46 parking spaces. As of March 2021, this is 70.70% occupied. Its main tenant is the BPO company Genpact Services LLC.

9. iHub 2 at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is a 9 storey office building, Grade A classified and PEZA Accredited. It has 14,181 square meters of gross leasable area and 84 parking spaces. As of March 2021, this is 100% occupied. Its main tenants are BPO companies Concentrix  and AIG.

10. Vector One at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is 14 storey office building, Grade A classified and PEZA Accredited. It has 17,764 square meters of gross leasable area and166 parking spaces. As of March 2021, this is 92% occupied. Its main tenants are Filinvest affiliated companies Filinvest Alabang, Inc., (FAI) and Filinvest Land, Inc., (FLI) and BPO company Concentrix.

11. Vector Two at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is a 14 storey office building, Grade A classified and PEZA Accredited. It has 17,889 square meters of gross leasable area and 153 parking spaces. As of March 2021, this is 100% occupied. Its main tenants are Filinvest affiliated companies Filinvest Hospitality Corporation, Chroma Hospitality, Inc. and Filinvest Supermall, Inc. Its other tenants are BPO companies Genpact Services LLC, Infosys and Tenant 13 (Unnamed tenant).

12. Vector Three at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is a 22 storey building, Grade A classified, PEZA Accredited and LEED Gold Certified. It has 36,345 square meters of gross leasable area and 365 parking spaces. As of March 2021, this is 68.30% occupied. Its main tenants are BPO companies Optum, Majorel, Tenant 18 (Unnamed tenant) and SLK Global Philippines.

13. Filinvest One at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is 10 storey office building, Grade A classified and PEZA Accredited. .It has 19,837 square meters of gross leasable area and 109 parking spaces. As of March 2021, this is 100% occupied. Its main tenant is a BPO-Captive Market company codenamed Tenant 7.

14. Filinvest Two at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is a 14 storey office building, Grade A classified and PEZA Accredited. It has 23,784 square meters of gross leasable area and 89 parking spaces. As of March 2021, this is 100% occupied. Its main tenant is a BPO company codenamed Tenant 20.

15. Filinvest Three at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is 14 storey office building, Grade A classified and PEZA Accredited. It has 23,784 square meters of 87 parking spaces. As of March 2021, this is 66.50% occupied. Its main tenants are Filinvest affiliated company Corporate Technologies, Inc. and BPO companies Capital One and Synchrony Global Services.

16. Axis Tower One at Northgate Cyberzone, Filinvest Alabang, Muntilupa City

This property is a 25 storey office building, Grade A classified, PEZA Accredited, LEED Gold Certified. It has 40,869.4 square meters of gross leasable area and 460 parking spaces. As of March 2021, this is 89.60% occupied. Its main tenants are Filinvest affiliated company Filinvest Alabang, Inc. (FAI) and BPO companies Accenture, and Tenant 6 (Unnamed tenant).

16. Cebu Tower 1 at Salinas Drive cor. W. Geonzon St., Lahug, Cebu City

This property is 13 storey office building, Grade A classified and PEZA Accredited. It has 19,937 square meters of gross leasable area and 274 parking spaces. As of March 2021, this is 99.10% occupied. Its main tenants are BPO companies Optum and Accenture.

Quick summary of the properties mentioned above + Tenants

Note: If you’re using mobile, please use Landscape mode to view this table.

TypeNameAddressFloor Area (Sqm)Occupancy Rate as of End March 2021PEZA Registered LEED Certification Main Tenants
Building[email protected] A Northgate Cyberzone, Filinvest Alabang, Muntilupa City 10,860.00100.00%YesN/AConcentrix
Building[email protected] BNorthgate Cyberzone, Filinvest Alabang, Muntilupa City 6,488.0085.20%YesN/ATenant 10
Building[email protected] CNorthgate Cyberzone, Filinvest Alabang, Muntilupa City 6,540.00100.00%YesN/ATenant 10
Building[email protected] DNorthgate Cyberzone, Filinvest Alabang, Muntilupa City 10,860.0083.20%YesN/ATenant 16
Building[email protected] ENorthgate Cyberzone, Filinvest Alabang, Muntilupa City 14,859.00100.00%YesN/AMajorel, Hinduja Global, EXL Service Philippines
BuildingCapital One BuildingNorthgate Cyberzone, Filinvest Alabang, Muntilupa City 18,000.00100.00% YesN/ACapital One
Building5132 Building Northgate Cyberzone, Filinvest Alabang, Muntilupa City 9,409.00100.00%YesN/AGenpact Services LLC
BuildingiHub 1 Northgate Cyberzone, Filinvest Alabang, Muntilupa City 9480 70.70%YesN/AGenpact Services LLC
BuildingiHub 2 Northgate Cyberzone, Filinvest Alabang, Muntilupa City 14181 100.00%Yes.N/AConcentrix, AIG
BuildingVector One Northgate Cyberzone, Filinvest Alabang, Muntilupa City 17764 92.00%YesN/AConcentrix, Filinvest Alabang, Inc. (FAI) and Filinvest Land, Inc. (FLI)
BuildingVector Two Northgate Cyberzone, Filinvest Alabang, Muntilupa City 17889 100.00%YesN/AFilinvest affiliated companies Filinvest Hospitality Corporation, Chroma Hospitality, Inc., Filinvest Supermall, Inc., Genpact Services LLC, Infosys, Tenant 13
BuildingVector ThreeNorthgate Cyberzone, Filinvest Alabang, Muntilupa City 3634568.30%Yes GoldOptum, Majorel, Tenant 18, SLK Global Philippines.
BuildingFilinvest One Northgate Cyberzone, Filinvest Alabang, Muntilupa City 19637 100.00%Yes.N/ATenant 7
BuildingFilinvest TwoNorthgate Cyberzone, Filinvest Alabang, Muntilupa City 23784 100.00%YesN/ATenant 20
BuildingFilinvest Three Northgate Cyberzone, Filinvest Alabang, Muntilupa City 23784 66.50%YesN/ACorporate Technologies, Inc., Capital One and Synchrony Global Services
BuildingAxis Tower One Northgate Cyberzone, Filinvest Alabang, Muntilupa City 40869.4 89.60%Yes GoldFilinvest Alabang, Inc., Accenture, and Tenant 6
BuildingCebu Tower 1 Salinas Drive cor. W. Geonzon St., Lahug, Cebu City 20,612.0099.10%YesN/AOptum and Accenture

Lease Terms & Conditions

Two Types of Office Space Leasing:

  1. Standard office spaces – As of 3/31/2021, this makes up 93% of the 268,520 square meters gross leasable area.
  2. Build-to-suit office spaces – As of 3/31/2021, this makes up 6.7% of the 268,520 square meters gross leasable area.

Standard Lease Terms & Conditions:

  1. Standard office spaces – Minimum 3 years.
  2. Build-to-suit office spaces – Minimum 6 years.
  3. Security Deposit equivalent to 3 months rents. Forfeited upon pre-termination before lease expires or pre-terminates without 3-6 months written notice or default in payments.
  4. Advance rental payment – Equivalent to 3 months lease. Applied to the first 3 months of the lease.
  5. Misc. Payments – Tenant pays monthly service charge for maintenance of building, public utility, services and upkeep of common areas. (association dues).
  6. Schedule of Lease Payment – Quarterly. On or before the 5th day of the first month of the quarter to which the lease corresponds.

Other Conditions:

  1. All alterations, additions, improvements of the tenant becomes part of the property at the end of the lease contract, without compensation to the tenant.
  2. Only exception to #1 is when the alterations, additions, improvements are movable or detachable without defacing, injuring or damaging the leased property.
  3. The Company/Landlord may require tenant to restore the leased property to its original condition prior to the start of the lease. Wear and tear excepted.

Retail Leasing:

  1. Minimum of 1 year – As of 3/31/2021, the committed leases for the retail properties range from 1 to 6 years.
  2. Right to renew – Tenants have a right to renew their contract of lease for an additional 5 years, subject to 2 conditions;
    1. First, tenant have to notify the Company/Landlord of its intention to renew at least 6 months before the lease expires.
    2. Second, rental rate for the renewed contract shall be prevailing rate of rent and escalation of buildings in the same area of similar in size, location, age and quality.
TypeNameAddressFloor Area
BuildingVertis NorthNorth Avenue, North Triangle, Quezon City39,305.76 sqm (Retail)125,507.39 sqm (Offices)
Condominium UnitsBPI-Philam Life Bldg19th Floor, Ayala Life FGU Center, 6811 Ayala Avenue, Makati City1,072 sqm
Condominium UnitsBPI-Philam Life Bldg7th Floor, BPI-Philam Alabang, Alabang-Zapote Road corner Acacia Avenue, Muntinlupa City551 sqm
BuildingBacolod Capitol Corporate CenterNorth Capitol Drive corner Aguinaldo Street, Bacolod City11,313.14 sqm
BuildingAyala Northpoint TechnohubThe District North Point, Barangay Zone 15, Talisay City4,653.50 sqm
BuildingOne EvotechLakeside Evozone, Nuvali, Sta. Rosa, Laguna12,049.16 sqm
BuildingTwo EvotechLakeside Evozone, Nuvali, Sta. Rosa, Laguna11,674.11 sqm

Info taken from: Property-for-Share Swap between AREIT, Inc. (“AREIT”) and Ayala Land, Inc. (“ALI”), Westview Commercial Ventures Corp. (“WCVC”), and Glensworth Development, Inc. (“GDI”)