Megaworld Corp.-backed MREIT is pushing ahead with its P27 billion Wave 5 asset infusion, which is expected to expand its portfolio to more than 950,000 square meters, subject to regulatory approval.
Megaworld’s MREIT is set to become a P122-billion real estate investment trust after approving a P27-billion property infusion, its biggest asset infusion to date and the largest announced by a Philippine-listed real estate investment trust this year.
Megaworld Corp. has raised P5.6 billion by selling shares in MREIT over the past four months, using the proceeds to fund its next wave of township developments while preparing another major expansion of its real estate investment trust.
Tycoon Kevin Tan-led MREIT Inc. is set to reach its long-standing goal of one million square meters of gross leasable area three years ahead of schedule as it pursues its largest asset injection to date.
MREIT is making the biggest acquisition in its history, bringing malls and a hotel into its portfolio for the first time as it races toward the 1 million-square-meter mark years ahead of schedule.
MREIT, Inc. is set to distribute about P1.24 billion in dividends for the first quarter after lifting its payout 5 percent to a record P0.263 per share.
MREIT, the real estate investment trust unit of Megaworld Corp., delivered an all-time high first-quarter performance, with distributable income surging 34 percent to P1.25 billion as its expanded asset base amplified earnings and margins.
MREIT Inc. is accelerating its expansion plans, securing early regulatory approval for a P16.2 billion asset infusion that strengthens its push for higher and more predictable dividend growth.
Tycoon Kevin Tan-led MREIT Inc. posted an 18 percent rise in full-year distributable income to P3.7 billion in 2025, supported by higher occupancy and sustained leasing across its office portfolio.