FAR Properties Records Profit

According to the group’s financial results for the year ended June 30, 2021, the group’s portfolio value is P1.35 billion of which 43% is industrial, 49% commercial while nine percent are all backed by long-term leases.

About 78% are retail with national and international brands, 19% is local tenants and medium-sized business, three percent is new start-up companies and small business operations. Vacancies across the portfolio remain below five percent while rent yield remained at a stable level of 10%. The company’s director Vidya Sanooj said they have continued to effectively manage a portfolio that showed resilience despite the impact of COVID-19 in all geographies that the group operates.