As of 31 March 2023, Filinvest Land (FLI) holds 72 billion in real estate inventories. The real estate inventories constitute around 36% of its total assets.
The real estate inventories were an increase of 600 million from the end of 2022 after selling real estate costing 1.6 billion.
The financial statements of FLI show that real estate inventories have been piling up. In the first quarter of 2023, FLI was only able to sell inventories costing 1.6 billion as against its inventories at the beginning of the year of 71.3 billion.
FLI has to sell fast its real estate inventories. FLI has to show the market that it can sell its real property inventories otherwise its share price might continue to fall.
The consolation here is that FLI is getting a profit margin of around 43% on its real estate sales.
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