FILREIT - SEC Form 17-C - Press Release - Filinvest REIT Declares Dividends (8.31.21)
FILREIT - SEC Form 17-C - Press Release - Filinvest REIT Declares Dividends (8.31.21)
FILREIT - SEC Form 17-C - Press Release - Filinvest REIT Declares Dividends (8.31.21)
A 2 0 0 0 0 0 6 5 2
S.E.C. Registration Number
F I L I N V E S T R E I T C O R P . ( f o r m e r l y ,
C Y B E R Z O N E P R O P E R T I E S , I N C . )
V E C T O R O N E B U I L D I N G , A L A B A N G ,
M U N T I N L U P A C I T Y
(Business Address; No. Street City / Town / Province)
1 7 - C
Month Day FORM TYPE Month Day
Fiscal Year Annual Meeting
C F D
Dept. Requiring this Doc. Amended Articles Number / Section
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To be accomplished by SEC Personnel concerned
STAMPS
7. 5th-7th Floors, Vector One Building, Northgate Cyberzone, Filinvest City, Alabang, Muntinlupa City 1781
Address of principal office Postal Code
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
SIGNATURES
Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused this report
to be signed on its behalf by the undersigned hereunto duly authorized.
SHARON P. PAGALING-REFUERZO
Corporate Secretary
NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA.
Newly listed Filinvest REIT Corp. (FILRT) declared a cash dividend today, barely a month since
its successful debut on the Philippine Stock Exchange (PSE).
In its meeting today, August 31, 2021, the Board of Directors of FILRT approved the declaration
of its first quarterly cash dividend to all stockholders in the amount of Php0.112 per outstanding
common share. The cash dividends will be payable on September 30, 2021 to stockholders on
record as of September 15, 2021. The amount is equivalent to a quarterly yield of 1.6% or an
annualized yield of 6.4%.
During its initial public offering (IPO) listing last August 12, FILRT projected a dividend yield of
6.3% for 2021 and 6.6% for 2022 based on a price of ₱7.00 per share.
Last August 12, the company’s IPO managed to buck the stock market’s downtrend and closed
above its IPO price of P7.00 per share even as the PSE index fell by 1.67% and the property
index declined by 3.14% on the same day.
FILRT’s portfolio consists of 17 Grade A office buildings totaling over 300,000 square meters of
gross leasable area (GLA). Of these, 16 of the 17 buildings are in Northgate Cyberzone in
NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA.
Filinvest City in Alabang, a PEZA Special Economic Zone and IT park while another building is
located in the gateway of Cebu IT park in Lahug, Cebu City. The assets were valued by an
independent appraisal company at ₱48.5 billion.
FILRT differentiated itself as a “green” or sustainability-themed REIT as its portfolio includes two
LEED Gold-certified office buildings and 16 buildings are in Northgate Cyberzone in Filinvest
City in Alabang, the first central business district in the country and the largest in Southeast Asia
to receive Gold Certification from LEED® v4 for Neighborhood Development Plan. The buildings
are cooled by the country’s largest district cooling system that reduces carbon emissions and
energy consumption, the result of Filinvest’s partnership with Engie, a world leader in
developing sustainable technology solutions. These sustainability features resonated well with
investors, particularly those adhering to Environmental, Social, and Governance (ESG)
principles of investing, said Maricel Brion-Lirio, president of FILRT.