MREIT boosts income by 18% on strong leasing
MREIT Inc., the real estate investment trust of developer Megaworld Corp., grew its distributable income by 18 percent in 2025 to P3.7 billion, driven by higher occupancy and sustained leasing demand across its office portfolio.
In a statement on Monday, the company said revenues had climbed 24 percent to P5.6 billion last year, reflecting improved rental income, stronger tenant demand and contributions from newly infused assets. This performance underscores the continued recovery and resilience of the office leasing segment, particularly in key business districts.
Building on its gains, MREIT said it expects regulatory approval within the first half of 2026 for its Wave 4 property-for-share swap transaction, which will add nine Grade A office buildings in McKinley Hill, Taguig, to its portfolio.
The assets have about 165,500 square meters (sq m) of gross leasable area that are mostly occupied by multinational firms.
More than 80 percent of the incoming portfolio is leased to global capability center tenants, which typically have long-term mandates and lower relocation risk. This tenant mix is expected to enhance income stability and support long-term earnings visibility.
MREIT president and CEO Jose Arnulfo Batac said the latest results reflected consistent execution and positioned the firm for sustained expansion.
“Our 2025 results demonstrate the strength of our platform and the consistency of our execution,” Batac said, noting that Wave 4 marks a shift toward a more disciplined and accretive growth strategy.
Beyond Wave 4, MREIT is planning another round of acquisitions later this year, including its potential entry into select mall assets.
