MREIT, Inc., the real estate investment trust of property giant Megaworld, announced robust financial performance for the third quarter of 2025, reporting a 29% year-on-year increase in distributable income to P935 million. This growth was driven by the contributions of six newly acquired office properties in 2024, sustained rental escalations, and significantly improved portfolio occupancy.
Revenues for the quarter surged by 42% year-on-year to P1.43 billion as MREIT capitalized on favorable market conditions and strong tenant demand, strengthening its portfolio for the next phase of expansion.
For the first nine months of 2025, MREIT maintained its momentum:
- Distributable Income rose by 27% to P2.8 billion.
- Revenues grew by 33% to P4.13 billion.
- Portfolio Occupancy climbed to 92% as of end-September 2025, an improvement of around 300 basis points from the previous quarter, following the successful onboarding of both traditional and Business Process Outsourcing (BPO) tenants.
“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.”
MREIT is advancing ambitious growth plans, beginning with the anticipated regulatory approval to increase its authorized capital stock (ACQ) from P5 billion to P8 billion. This capital increase will facilitate the next wave of accretive property infusions.
The company is currently targeting 10 prime office properties—nine buildings in McKinley Hill and one in Eastwood City—with a combined gross leasable area (GLA) of approximately 198,500 square meters.
Upon completion of this round of office infusions, MREIT’s total portfolio will expand by about 41% to 680,000 square meters, up from the current 482,000 sqm. MREIT remains focused on its goal to expand its GLA to one million square meters by 2027, leveraging Megaworld’s extensive pipeline.
Furthermore, MREIT is preparing to begin the acquisition of several mall assets following the office infusion. This move aims to diversify the portfolio, allowing investors to benefit from the strong retail performance and record-high occupancy of Megaworld Lifestyle Malls.
Following its strong 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, reaffirming its commitment to accretive acquisitions and stable dividend delivery.
