𝐵𝑢𝑖𝑙𝑑𝑠 𝑀𝑜𝑚𝑒𝑛𝑡𝑢𝑚 𝑓𝑜𝑟 𝑁𝑒𝑥𝑡 𝐺𝑟𝑜𝑤𝑡ℎ 𝑊𝑎𝑣𝑒

MREIT, Inc., the real estate investment trust of Megaworld, reported a strong third quarter as distributable income climbed 29% year-on-year to ₱935 million, driven by contributions from six newly acquired office properties, higher occupancy, and steady rental escalations.

Revenues likewise surged 42% to ₱1.43 billion, reflecting the continued strengthening of MREIT’s portfolio amid improving market conditions. For the first nine months of 2025, distributable income reached ₱2.8 billion (up 27%), while revenues hit ₱4.13 billion (up 33%), supported by stable tenant demand and cost efficiencies.

Portfolio occupancy improved to 92% as of end-September, rising about 300 basis points from the previous quarter following the onboarding of traditional and BPO tenants across its office towers.

MREIT is awaiting regulatory approval to increase its authorized capital stock to ₱8 billion from ₱5 billion, paving the way for the next round of asset infusions. The company plans to acquire 10 office properties—nine in McKinley Hill and one in Eastwood City—with a combined GLA of about 198,500 sqm.

After completing this round, MREIT is preparing to acquire mall assets to diversify its predominantly office portfolio and allow investors to benefit from the strong performance of Megaworld Lifestyle Malls. Once approved, the planned asset infusion will expand MREIT’s portfolio by 41% to 680,000 sqm from the current 482,000 sqm.

“This quarter’s results highlight the resilience of our office portfolio and our readiness for the next wave of growth,” said Jose Arnulfo Batac, President and CEO of MREIT, Inc. “With improving market conditions, we are positioned to advance our long-term expansion plans and deliver sustained value to shareholders.”

MREIT declared a ₱0.250478 per share cash dividend, payable on December 19, 2025, to stockholders of record as of December 1. This represents an annualized dividend yield of 7.3% based on the November 12 closing price of ₱13.66.

MREIT’s portfolio spans prime office properties in Megaworld’s major townships, including Eastwood City, McKinley Hill, McKinley West, Iloilo Business Park, and Davao Park District. The company aims to expand its GLA to 1 million sqm by 2027, leveraging Megaworld’s robust pipeline of income-generating assets.