Filinvest REIT net income drops 20%

By Ed Paolo Salting

May 17, 2023 12:27 am

Revenues dipped by 2 percent to P800.98 million from P823.4 million.

Filinvest REIT said the decline came primarily from lower reimbursements from tenants for common usage service area fees. This was offset slightly by higher rental income in Boracay and rental escalation due to renewal of leases.

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