MREIT, Inc.
PPSE:MREIT13.64
PHP
-0.04
(-0.29%)
MREIT, Inc.
PSE:MREIT
(Philippine Stock Exchange)
Recent
price
13.64
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- MREIT, Inc. is a Philippines-based real estate investment trust sponsored by Megaworld Corporation, a subsidiary of Alliance Global Group, Inc., engaged in acquiring, owning, leasing, and managing a portfolio of income-producing commercial real estate assets. The company operates primarily through its commercial real estate leasing segment, providing prime Grade A and premium office spaces; IT-BPM-tailored commercial office facilities; ground-floor and integrated commercial retail leasing; build-to-suit office leasing solutions; tenant lease management and property administration services; and parking and building facility management services. Its property portfolio consists of Philippine Economic Zone Authority-accredited office towers and commercial spaces situated across master-planned integrated urban townships, including Eastwood City in Quezon City, McKinley Hill and Uptown Bonifacio in Taguig City, Iloilo Business Park in Mandurriao, Iloilo City, and The Mactan Newtown in Lapu-Lapu City, Cebu. The company serves multinational corporations, business process outsourcing and information technology companies, financial and banking institutions, retail merchants, and corporate enterprise tenants across the Philippines. In recent developments, MREIT, Inc. has significantly expanded its asset base through consecutive property-for-share asset infusion transactions with its sponsor Megaworld Corporation, acquiring prime Grade A office properties in Metro Manila and regional business hubs to increase its total gross leasable area toward its target of 500,000 square meters and long-term goal of 1,000,000 square meters. The company has also expanded its tenant base into emerging enterprise segments, increased renewable energy procurement across its office towers to advance environmental sustainability goals, and optimized its capital structure to support ongoing dividend distributions and asset acquisitions. MREIT, Inc. was incorporated in 2020 and is headquartered in Taguig City, Philippines.