{"id":331381,"date":"2025-02-05T23:23:47","date_gmt":"2025-02-05T15:23:47","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=331381"},"modified":"2025-02-05T23:23:49","modified_gmt":"2025-02-05T15:23:49","slug":"trade-the-news-filrt-eyes-30-growth-from-festival-mall-takeover","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-filrt-eyes-30-growth-from-festival-mall-takeover\/","title":{"rendered":"Trade the News: FILRT eyes 30% growth from Festival Mall takeover"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Filinvest REIT Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>FILRT<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 3.48<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Filinvest REIT Corp. (FILRT) expects a sharp increase in profit prospects with its P6.2-billion purchase of the Festival Mall in Alabang.<\/p>\n\n\n\n

The real estate investment trust arm of Filinvest Land Inc. said the asset injection will result in a jump in earnings before interest, taxes, depreciation and amortization, or Ebitda, by \u201cat least 30 percent per quarter\u201d from its latest financial results in the third quarter last year.<\/p>\n\n\n\n

\u201cThis, in turn, translates to higher dividends per share (DPS) for FILRT shareholders with DPS growth of 5.65 percent,\u201d it said in a stock exchange filing on Thursday.<\/p>\n\n\n\n

Filinvest REIT will purchase the mall by issuing 1.63 billion shares to Filinvest Land at P3.85 per share.<\/p>\n\n\n\n

The deed of exchange is expected to be completed on March 2025, the filing showed.<\/p>\n\n\n\n

With the infusion of the Festival Mall-main mall, its income portfolio will consist of offices (67 percent), retail (27 percent) and hospitality (6 percent).<\/p>\n\n\n\n

Offices previously accounted for 91 percent of its gross leasable area.<\/p>\n\n\n\n

Moreover, the mall will increase its gross leasable area by 37 percent to 452,210 square meters.<\/p>\n\n\n\n

(News Source: Insider PH<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-331381","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=331381"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331381\/revisions"}],"predecessor-version":[{"id":331383,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331381\/revisions\/331383"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=331381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=331381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=331381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}