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Manila Bulletin devider Business devider The Stock Market devider MREIT 2025 net income jumps 18% as occupancy strengthens and expansion plans advance

MREIT 2025 net income jumps 18% as occupancy strengthens and expansion plans advance

Published Mar 2, 2026 09:53 am

MREIT Inc. (MREIT), the real estate investment trust (REIT) of Andrew Tan-led top township developer Megaworld Corp., reported an 18-percent growth in attributable net income to ₱3.7 billion, driven by higher occupancy and sustained leasing momentum across its office portfolio.

In a disclosure to the Philippine Stock Exchange (PSE) on Monday, March 2, the firm said its revenues grew 24 percent to ₱5.6 billion last year, reflecting improved rental income, stronger tenant demand, and contributions from newly infused assets.

“Our 2025 results demonstrate the strength of our platform and the consistency of our execution,” said MREIT President and Chief Executive Officer (CEO) Jose Arnulfo C. Batac.

Building on this performance, MREIT is anticipating regulatory approval of its wave four property-for-share swap transaction within the first half of 2026, marking a significant step in its next phase of expansion.

Announced in December 2025, wave four involves the acquisition of nine grade A office buildings located in McKinley Hill, Taguig City, within Megaworld’s fully integrated and sponsor-controlled township.

The portfolio comprises around 165,500 square meters (sqm) of gross leasable area (GLA) and is anchored by high-quality multinational tenants, with strong occupancy and long-term income visibility.

More than 80 percent of the portfolio is leased to global capability center (GCC) tenants, which are typically characterized by long-term mandates, higher operational integration, and lower relocation risk.

This enhances the resilience of MREIT’s income profile and supports long-term earnings sustainability.

“Wave four marks our transition toward a more disciplined and accretive phase of growth. We remain focused on expanding our portfolio in a way that strengthens long-term income sustainability for our shareholders,” said Batac.

Following wave four, MREIT is preparing for its next phase of expansion in the latter part of the year, which is expected to initiate the company’s diversification into select mall assets.

Subject to due diligence, valuation, and regulatory approvals, these subsequent infusions would expand the company’s portfolio by around 100,000 to 750,000 sqm, reinforcing its transformation into a larger and more diversified REIT platform.

MREIT also declared cash dividends of ₱0.250478 per share, payable on March 26, 2026, to stockholders on record as of March 16, 2026. This translates to an annualized dividend yield of seven percent, based on the last closing price of ₱14.26 per share as of Feb. 26, 2026.

MREIT’s portfolio consists of prime office assets located within Megaworld’s townships, including Eastwood City, McKinley Hill, McKinley West, Iloilo Business Park, and Davao Park District.

The company continues to focus on delivering accretive acquisitions and stable dividends to its shareholders.

MREIT is firmly on track to expand its GLA to one million sqm by 2027, driven primarily by Megaworld’s substantial pipeline of high-quality, income-generating assets and further reinforced by the broader property portfolio within Alliance Global Group.

With this level of sponsor backing, MREIT commands one of the strongest and most visible expansion runways among Philippine REITs.

Related Tags

MREIT Inc. Megaworld Corporation Jose Arnulfo Batac
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