MREIT Inc., the real estate investment trust of property giant Megaworld, is accelerating its 1 million square meters gross leasable area (GLA) target to 2027, three years ahead of its original plan.
Fifteen years after the Real Estate Investment Trust (REIT) law was passed and with the first listings only emerging in the past five years, regulators are preparing to loosen the rules.
AREIT Inc. reported a 43 percent rise in net income to P2.1 billion in the first quarter of 2025, fueled by newly infused high-value commercial properties from Ayala Land and its subsidiaries.
MREIT, Inc., the real estate investment trust arm of Megaworld Corporation, delivered strong first-quarter results as distributable income surged 26 percent year-on-year to P932 million.
Robinsons Land Corp. (RLC) has raised P6.21 billion by selling over 1.04 billion shares in RL Commercial REIT, Inc. (RCR) at P5.95 each, a 5.7 percent discount from RCR’s closing price the previous day.
MREIT, Inc., the real estate investment trust of Megaworld Corp., ended 2024 with strong momentum, signaling even bigger expansion ahead as it moves toward its long-term goal of one million square meters of gross leasable area by 2030.
Filinvest Land Inc. (FLI), led by the Gotianun family, has completed its capped tender offer, swapping 1.87 billion FLI shares for 597.1 million Filinvest REIT Corp. (FILRT) shares.
Gokongwei-led RL Commercial REIT Inc. (RCR), the Philippines’ largest real estate investment trust by geographic reach, reported a 41-percent revenue increase to P5.74 billion for the first nine months of 2024, boosted by asset infusions and strong occupancy rates.
SM Prime Holdings is in no rush to list its shopping mall assets in what could be the country’s largest initial public offering (IPO), as president Jeffrey Lim said the real estate giant has alternative funding sources to bankroll its expansion.