MREIT - Megaworld REIT Traders and Investors

30/05/2022

Recent acquisitions would allow MREIT to pay a full-year cash dividend of P1 per share or a yield of 6.2 percent, if based on its IPO price.

During the company’s stockholders’ meeting last week, Tan said acquisitions would boost returns to investors.

“In line with our vision, we prepared a roadmap that calls for the expansion of MREIT’s property portfolio to one million square meters before the end of the decade,” Tan said.

“Given our access to Megaworld’s extensive office portfolio amounting to 1.4 million square meters, we believe that this is achievable. In 2022 alone, we are looking to acquire up to P20 billion worth of office properties from our sponsor,” he added.

Read more: https://business.inquirer.net/?p=349053
Follow us: on Twitter | inquirerdotnet on Facebook

https://business.inquirer.net/349053/mreit-to-acquire-additional-p15-b-projects-from-megaworld

Megaworld Corp. is readying a new infusion of P15 billion worth of commercial properties into its real estate investment trust (REIT) arm, MREIT Inc. The transactions would be completed within the

30/05/2022

“For our next infusion, we are already considering properties from townships in key growth areas outside of Metro Manila where MREIT does not have a presence yet. This will further diversify our portfolio and allow us to tap into other growth centers around the country,” stated Kevin L. Tan, MREIT President and CEO.

"In 2022 alone, we are looking to acquire up to P20-billion worth of office properties from our sponsor,” said Tan in his address.

Source: https://edge.pse.com.ph/openDiscViewer.do?edge_no=1d5a6c685282dbc53470cea4b051ca8f

18/05/2022

READ: Official statement of Megaworld Corporation on the BIR issue. (May 18, 2022)

26/04/2022

“This dividend is just the first tranche of the total amount we aim to distribute for the year 2022. Not including the impact of the acquisitions scheduled for this year, we are looking at declaring dividends amounting to P1 per share, which translates to a 6.2 percent dividend yield versus our IPO [initial public offering] price. At current prices, the yield is at 5.7 percent,” Kevin Andrew L. Tan, the company’s president and CEO, said

Mreit Inc., the real estate investment trust sponsored by Andrew Tan’s Megaworld Corp., on Monday said it declared dividends of P0.243 per share based on its income for the first quarter. The cash dividends will be payable on May 31 to stockholders on record as of May 10, the company…

03/04/2022

DOUBLE THE PORTFOLIO BY 2022 END

“Our objective is to accelerate our growth plans and double MREIT’s portfolio by the end of this year while ensuring that our acquisitions will be accretive to our shareholders. We aim to deliver an attractive total return to MREIT investors,” Tan said.

The four prime office properties have an average occupancy rate of 96 percent.

The acquisition will increase MREIT’s asset portfolio by 16 percent to 325,000 sqm of GLA with a total value of P65 billion from the current portfolio of 280,000 sqm.

MREIT Inc., the real estate investment trust company of Megaworld Corp., is expanding its leasing portfolio with the acquisition of four office building properties worth P5.3 billion.

03/04/2022

325,000 SQM (+16% GLA!!)

Megaworld Corp., announced a P5.27 billion deal to acquire four more office buildings as it builds up its portfolio following its public offering last year.

The offices, located in Megaworld’s township projects in Iloilo City and Taguig City in Metro Manila, would increase MREIT’s total leasable space by 16 percent to 325,000 square meters, the company said in a statement over the weekend.

The projects are the Festive Walk 1B and Two Global Center in Iloilo Business Park and One West Campus and Five West Campus in McKinley West, Taguig City.

MREIT, the listed real estate investment trust (REIT) arm of billionaire Andrew Tan’s Megaworld Corp., announced a P5.27 billion deal to acquire four more office buildings as it builds up its

10/03/2022

Towships developer Megaworld Corporation posted a 36 percent growth in net income to P14.4 billion last year from P10.6 billion in 2020, boosted by the listing of its real estate investment trust (REIT).

In a disclosure to the Philippine Stock Exchange, the firm said attributable net income also grew 36 percent to P13.4 billion in 2021 from P9.9 billion the year before.

In 2021, Megaworld Premier Offices hit a record high rental income of P11.1 billion as it closed around 236,000 square meters of new and renewal transactions. Office occupancy rate during the year stood at 90 percent.

In 2021, Megaworld launched its REIT company MREIT which debuted listed in the PSE. To date, Megaworld has received net proceeds of around P23.5-billion from REIT-related transactions, which will be used to support the company’s project pipeline.

Towships developer Megaworld Corporation posted a 36 percent growth in net income to P14.4 billion last year from P10.6 billion in 2020, boosted by the listing of its real estate investment trust (REIT). In a disclosure to the Philippine Stock Exchange, the firm said attributable net income also gr

07/03/2022

Megaworld-backed MREIT Inc. posted a net income of P2 billion in the six months ending December last year, boosted by a fair value gain on investment properties worth P702 million. Revenues rose five percent to P1.5 billion. | RELATED STORIES: Kevin Tan bulks up MREIT’s portfolio with the infus

07/03/2022

P0.24/share!

"The company’s Board declared dividends amounting to P0.24 per share for the fourth quarter of 2021 on March 4, 2022."

https://edge.pse.com.ph/openDiscViewer.do?edge_no=5b6a51f239ad5a6f3470cea4b051ca8f

Dividend: P0.2399/share
Ex-Date: Mar 15, 2022
Payment Date: Mar 31, 2022

https://edge.pse.com.ph/companyPage/dividends_and_rights_form.do?cmpy_id=685

23/02/2022

The Department of Finance said the total market capitalization of real estate investment trust (REIT) is now 1.4 percent of the country's overall economy.

Finance Secretary Carlos Dominguez 3rd said in a prerecorded message at the Citicore Energy Real Estate Investment Trust Corp. listing at the Philippine Stock Exchange on Tuesday that five REITs have already been established in the market with a total capitalization of P280.6 billion in less than two years.

"Today's listing [CREIT] will raise the total market capitalization of REITs to nearly P300 billion. The Philippine REITs now constitute 1.4 percent of our GDP (gross domestic product). This is just the beginning," he emphasized.

THE Department of Finance said the total market capitalization of real estate investment trust (REIT) is now 1.4 percent of the country's overall economy.Finance Secretary...

06/02/2022

The Philippine Stock Exchange is launching the dividend yield index within the first half as part of efforts to attract income seeking equity investors.

The new index will track the performance of high dividend paying listed corporations.

Real Estate Investment Trusts AREIT, Inc., DDMP REIT, Filinvest REIT Corp., RL Commercial REIT and MREIT recorded an aggregate cash dividend payout of P5.77 billion, resulting in 2.16 percent dividend yield, even as three of the five REITs were only listed for an average of four months.

“REITs have become a preferred asset class among investors because of its dividend mandate. With more REITs expected to list this year, including non-property REITs, investors will have a wider selection of companies that can provide passive income,” Monzon said.

The Philippine Stock Exchange is launching the dividend yield index within the first half as part of efforts to attract income seeking equity investors. The new index will track the performance of high dividend paying listed corporations. Companies distribute a portion of their prof

01/02/2022

At a press briefing on Monday, COL chief equities strategist April Lee-Tan said it would not be good to be overly cautious about the COVID-19 pandemic, the uptick in global inflation or even the upcoming May presidential elections.

Tan’s top stock picks for the first half are PLDT, Filinvest REIT, RL Commercial REIT, MREIT, Ayala Corp., GT Capital, Metro Pacific, BDO, BPI, Metrobank, Ayala Land, Robinsons Land, Megaworld, Aboitiz Power, D&L Industries and Puregold.

Read more: https://business.inquirer.net/?p=339953
Follow us: on Twitter | inquirerdotnet on Facebook

This 2022 is an opportune time for investors to buy on dips as the stock market, which is on the early stage of a bull cycle, will benefit from higher corporate earnings amid the reopening of the