MREIT first half 2026 distributable income jumps 34% to P2.5B

Jose Arnulfo C. Batac

MREIT president, CEO 

Insider Spotlight

• Distributable income rises 34 percent to P2.49 billion in the first half.
• Second-quarter dividend increases 5 percent to P0.2630 per share.
• Wave 5 asset infusion worth P27.00 billion moves toward regulatory approval.

 MREIT Inc. reported a 34 percent increase in first-half distributable income to P2.49 billion, outpacing the 26 percent growth in revenue to P3.41 billion as contributions from its Wave 4 acquisition, higher occupancy and improved operating efficiency lifted earnings.

Net operating income margin expanded by 121 basis points to 81 percent despite inflationary pressures and higher energy costs.

Dividend growth continues

Portfolio occupancy improved to 90 percent from 89 percent a year earlier as the real estate investment trust declared a second-quarter cash dividend of P0.2630 per share, up 5 percent year on year and bringing first-half dividends to P0.5260 per share. 

“As promised, we now structure every asset infusion we pursue to deliver material dividend-per-share accretion. The dividends declared in both the first and second quarters of 2026 reflect that commitment and demonstrate how Wave 4 is translating portfolio growth into tangible per-share returns for our shareholders,”said Jose Arnulfo C. Batac, president and CEO of MREIT, Inc.

Expansion pipeline remains active

MREIT said it is advancing its P27  Wave 5 asset infusion, which will expand its portfolio to more than 950,000 square meters, subject to regulatory approval. 

The company said the transaction is structured to further enhance dividend-per-share accretion as it pursues portfolio growth.

—Edited by Miguel R. Camus