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Manila Bulletin devider Business devider The Stock Market devider MREIT to double portfolio by 2027, eyes Megaworld retail assets

MREIT to double portfolio by 2027, eyes Megaworld retail assets

Published Sep 29, 2025 02:30 pm

MREIT, Inc. (MREIT), the real estate investment trust of Megaworld Corp., reiterated its plan to acquire mall and retail assets from its sponsor as part of its plan to double its portfolio to one million square meters of gross leasable area (GLA) by 2027.

The firm disclosed to the Philippine Stock Exchange that this move aims to capture the continued growth in consumer spending and the strong momentum in mall leasing, complementing MREIT's established base of high-occupancy office assets.

"Our goal is to diversify our portfolio and expand our revenue base. So while the country is experiencing an impressive growth in consumer activities, we want to tap into these opportunities,” said MREIT Chairman Kevin L. Tan.

He added, “This will enable us to deliver both growth and diversification, keeping our portfolio resilient and relevant for the years ahead."

Megaworld, MREIT's sponsor, continues to hold a substantial portfolio of income-generating assets, including around 1 million sqm of office GLA and 500,000 sqm of retail GLA that may still be infused into MREIT over time.

This deep pipeline provides flexibility and underscores the long-term growth runway as MREIT accelerates toward its one million sqm target.

Across the country, foot traffic and sales in Megaworld Lifestyle Malls have already surpassed pre-pandemic levels, with strong leasing activities from both global and homegrown brands.

Mall occupancy has also reached a record 93 percent as of end-June 2025. This favorable environment underpins MREIT's strategy to bring in more retail assets in the future, ensuring that its portfolio captures both the growth of business process outsourcing and the resurgence of Philippine consumer spending.

MREIT's current portfolio spans across Megaworld's key townships, particularly in Eastwood City, McKinley Hill, McKinley West, Iloilo Business Park, and Davao Park District, with occupancy consistently among the highest in the industry.

The company remains focused on expanding its portfolio through accretive acquisitions while maintaining strong dividend payouts to investors.

Related Tags

MREIT Inc. Megaworld Corporation Kevin L. Tan
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