C01275-2025 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 3,721,983,381 |
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Subject of the Disclosure |
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Press Release: MREIT’S Q4 DISTRIBUTABLE INCOME SURGES 37% ON STRATEGIC EXPANSION - Megaworld’s REIT company on track to achieve 1M sqm GLA within the next 5 years |
Background/Description of the Disclosure |
MREIT, Inc., the real estate investment trust of township developer Megaworld Corporation, posted stellar fourth-quarter performance with distributable income rising 37% year-on-year to P969 million. Revenues also surged by 34% to P1.4 billion, driven primarily by the successful acquisition and commencement of income recognition in the fourth quarter of six prime, PEZA-accredited office properties valued at P13.15 billion. The acquisition expanded MREIT’s portfolio by over 156,000 sqm, increasing its total gross leasable area by 48% to 482,000 sqm. |
Other Relevant Information |
Please see attached Press Release. |
Name | Joyce Alviar |
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Designation | Legal Counsel |