‘Undervalued’ Philippine builder sees some love after REIT IPO


MANILA, June 13 (Bloomberg): Filinvest Land Inc, the cheapest among the biggest builders in the Philippines, expects a valuation boost when its real estate investment trust venture goes public later this year.

The planned third-quarter float of 17 office buildings in a real estate investment trust should also help Filinvest Land finance projects and return to pre-pandemic-level earnings within three years, Chief Executive Officer Josephine Gotianun-Yap said in an interview.

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Philippines , Filinvest Land Inc , IPO

   

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