The Pinnacle Group International, in collaboration with Sustainable Technology Center (Singapore) Limited, brought together over 150 industry leaders, investors, and innovators in the REIT sector all over Asia Pacific.  

The REIT summit featured the Asia Pacific Best of the Breeds REITs & Real Estate Investment Awards 2024 to honor outstanding companies and REIT managers with the highest standards and performance for leadership, financial expertise and innovation toward having a sustainable impact on the REIT industry, including those from mature REIT environments like Singapore and Malaysia.  

“Receiving the ‘Most Sustainable REIT’ award is an honor that elevates our role in advancing sustainable practices within the industry,” said Maricel Brion-Lirio, President and CEO of FILRT. “This recognition underscores our commitment to integrating sustainability into our core strategies, demonstrating that environmental responsibility and profitability can coexist. By prioritizing eco-friendly practices, we enhance our portfolio's value while positively impacting the communities we serve,” she added. 

The winners of the ‘Most Sustainable REIT’ awards were evaluated based on exceptional environmental initiatives, comprehensive sustainability reporting and high transparency, and significant community impact. The awards were presented by Professor Ong Seow Eng from the National University of Singapore who shared the sector’s continued evolution through sustainable practices and technological advancements. 

FILRT bested other comparable companies by size from Singapore, Malaysia, Philippines, and Taiwan. FILRT is one of only two Philippine companies that were recognized during the awards ceremony.  

Singapore, where the awards ceremony was held, is one of the frontrunners in the REIT industry, having the largest REIT market in Asia (ex-Japan). Singapore has over 42 active REIT companies in six sub-categories – ranging from Healthcare, Hospitality, Retail, Office, Commercial and Industrial. Total market capitalization of the industry stands at approximately USD74.4 million or about 12 per cent of the capitalization of the Singapore Exchange (SGX). 

For more information about FILRT and its sustainability initiatives, visit www.filinvestreit.com or reach out at info@filinvestreit.com