Total revenues rose 8 percent to P64.41 billion, lifted by gains across its townships, residences, and hospitality units.
Management’s view
“Our year-to-date performance continues to reflect the strength of our recurring income portfolio and the sustained demand across our residential and hotel offerings,” says Lourdes Gutierrez-Alfonso, president at Megaworld.
“Even as we navigate mixed market conditions, we remain focused on delivering long-term value through innovation, operational efficiency, and township-led growth,” she added.
Mall revenues power leasing growth
Office leasing revenues climbed 16 percent to P11.14 billion as Megaworld Premier Offices secured almost 140,000 square meters in new leases and 120,000 square meters in renewals, buoyed by demand from BPOs and multinational firms.
Mall leasing revenues rose 13 percent to P5.10 billion as foot traffic and tenant expansion grew across Uptown Bonifacio, Eastwood City, and Lucky Chinatown, while hotel revenues increased 13 percent to P4.13 billion on higher room rates and new openings such as the Grand Westside Hotel.
Resilient sales, luxury segment entry
Real estate sales grew 6 percent to P40.24 billion, backed by solid take-up in Uptown Bonifacio, ArcoVia City, Maple Grove in Cavite, and The Upper East in Bacolod.
The company also introduced its Megaworld Luxe Collection, marking its entry into the ultra-luxury residential segment.
36 township projects
Megaworld reinforced shareholder value through a cash dividend of about P0.094 per share and a share buyback program worth up to P2 billion, reflecting its strong cash position and confidence in its growth outlook.
It now has 36 township developments across roughly 7,000 hectares and plans to launch another outside Metro Manila before year-end.
By 2030, Megaworld aims to expand its office gross leasable area to two million square meters and retail space to one million square meters, bringing its total leasing portfolio to three million square meters.
—Edited by Miguel R. Camus
