MREIT, Inc. (PSE: MREIT), a Real Estate Investment Trust or REIT owned by property giant Megaworld Corporation, announced that its distributable income grew by 18% to reach P3.7 billion in 2025. The company also shared its plans for another round of expansion by adding more office buildings to its portfolio.
What’s a REIT and What Does MREIT Do?
Think of a REIT like a piggy bank that buys buildings and rents them out to companies. When those companies pay rent, the REIT shares most of that money with people who own its shares. MREIT owns office buildings where businesses set up their offices and pay monthly rent, just like how your family might pay rent for an apartment.
Strong Performance in 2025
According to the disclosure filed with the Philippine Stock Exchange on February 27, 2026, MREIT’s total revenues grew even faster at 24%, reaching P5.6 billion for the year. This means more money came in from renting out their office spaces.
Why did they earn more? The company explained that more office spaces were occupied (meaning more tenants rented their buildings), and they also added new buildings to their collection during the year. It’s like having more lemonade stands in your neighborhood – the more stands you have that are selling lemonade, the more money you make.
Wave 4 Expansion: Adding Nine New Buildings
MREIT is waiting for government approval for what they call their “Wave 4” expansion. This involves acquiring nine Grade A office buildings (Grade A means these are high-quality, modern buildings) located in McKinley Hill, Taguig. These buildings are inside a township developed by Megaworld.
These nine buildings have about 165,500 square meters of space that can be rented out – that’s roughly equivalent to 23 football fields! The buildings are already mostly rented, with more than 80% occupied by what are called Global Capability Centers (GCCs). These are offices of international companies that typically stay for a long time, which means steady rental income for MREIT.
MREIT’s President and CEO, Jose Arnulfo C. Batac, said their 2025 results show the strength of their business model. He emphasized that Wave 4 represents a careful and profitable phase of growth focused on providing stable income for shareholders.
Looking Beyond: Mall Assets Coming Soon
After Wave 4, MREIT is preparing for another expansion later in 2026. This time, they plan to diversify by adding shopping malls to their collection of properties. Currently, MREIT only owns office buildings, so adding malls would give them a different type of rental income.
If approved, these new properties would add around 100,000 square meters, bringing MREIT’s total leasable space to 750,000 square meters. The company aims to reach one million square meters by 2027.
Dividends for Shareholders
MREIT announced it will pay dividends of P0.250478 per share on March 26, 2026, to shareholders registered as of March 16, 2026. Based on the stock’s closing price of P14.26 per share on February 26, 2026, this represents an annualized dividend yield of 7.0%.
In simple terms, if you own MREIT shares, you’ll receive cash payments as your share of the company’s earnings – like getting your allowance for helping with the family business.
About MREIT’s Properties
MREIT currently owns office buildings in several Megaworld townships across the Philippines, including Eastwood City, McKinley Hill, McKinley West in Metro Manila, as well as Iloilo Business Park and Davao Park District in the provinces.
The company benefits from having Megaworld and the larger Alliance Global Group as its sponsor, which means it has access to a large pipeline of quality buildings it can potentially acquire in the future. According to the company, this gives MREIT “one of the strongest and most visible expansion runways among Philippine REITs.”
