MREIT, Inc., the real estate investment trust of Megaworld Corp., saw distributable income climbing 18 percent to P3.7 billion last year from 2024, lifted by higher occupancy and sustained leasing momentum.

Revenues rose 24 percent to P5.6 billion, fueled by stronger rental income, healthy tenant demand, and contributions from newly infused assets. The performance underscores the strength of MREIT’s office platform and its ability to execute in a competitive leasing environment.

Building on this momentum, MREIT is targeting regulatory approval within the first half of 2026 for its Wave 4 property for share swap. Announced in December 2025, the transaction covers nine Grade A office buildings in McKinley Hill, Taguig, within Megaworld’s integrated township.

The portfolio adds approximately 165,500 square meters of gross leasable area and is anchored by multinational occupiers. More than 80 percent of the space is leased to Global Capability Center tenants, known for long term mandates and lower relocation risk, enhancing income resilience and earnings visibility.

“Our 2025 results demonstrate the strength of our platform and the consistency of our execution,” said Jose Arnulfo C. Batac, president and chief executive officer of MREIT. “Wave 4 marks our transition toward a more disciplined and accretive phase of growth.”

Following Wave 4, MREIT is preparing for further expansion later this year, including a planned entry into select mall assets, subject to due diligence and regulatory approvals. These potential infusions could expand its portfolio to 750,000 square meters.

MREIT declared cash dividends of P0.250478 per share, equivalent to a 7.0 percent annualized yield based on its February 26, 2026 closing price of P14.26, reinforcing its commitment to stable shareholder returns.