property giant Megaworld, recorded a 29% year-on-year increase in distributable income to P935
million in the third quarter of 2025, driven by the contribution of six newly acquired office
properties in 2024, higher occupancy, and sustained rental escalations.
Revenues surged 42% year-on-year to P1.43 billion during the quarter as MREIT continued to
strengthen its portfolio performance in preparation for the next wave of growth amid improving
market conditions.
For the first nine months of 2025, distributable income rose 27% to P2.8 billion, while revenues
grew 33% to P4.13 billion, supported by sustained tenant demand and cost efficiency across its
portfolio.
MREIT’s portfolio occupancy rose to 92% as of end-September 2025, improving by around 300
basis points from the previous quarter with the successful onboarding of traditional and BPO
tenants across its office towers.
MREIT is also anticipating regulatory approval to increase its authorized capital stock to P8 billion
from P5 billion, which will enable the company to acquire new assets in its upcoming wave of
property infusions. For this next round, MREIT is looking at 10 office properties—nine buildings
in McKinley Hill and one in Eastwood City—with a combined gross leasable area of around
198,500 square meters.
After completing this round of office infusions, MREIT is also preparing to begin the acquisition
of several mall assets to further diversify its portfolio. This will allow investors to benefit from the
strong retail performance and record-high occupancy of Megaworld Lifestyle Malls.
The planned infusion will be based on the valuation of the properties and subject to compliance
with the REIT Law’s minimum public float requirements. Once approved and completed, these
assets will expand MREIT’s portfolio by about 41% to 680,000 sqm, from the current 482,000
sqm.
“Our strong performance this quarter reflects not only the resilience of our office portfolio but
also our readiness for the next wave of growth,” says Jose Arnulfo Batac, President and CEO,
MREIT, Inc. “With market conditions turning more favorable, we are well-positioned to pursue
our long-term expansion plans and deliver sustained value to our shareholders.”
Following its third quarter results, MREIT declared cash dividends of P0.250478 per share,
payable on December 19, 2025 to stockholders on record as of December 1, 2025. This translates
to an annualized dividend yield of 7.3%, based on the last closing price of P13.66 per share as of
November 12, 2025.
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 targets to expand its gross leasable area to one million square meters by 2027, leveraging
Megaworld’s extensive pipeline of high-quality, income-generating properties to fuel the next
phase of its growth. PR
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