Tag: Megaworld
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Megaworld profit rises as provincial demand gains
Megaworld Corp. raised its first-half net income by 5 percent to P12.7 billion, with recurring businesses and strong provincial housing demand providing a cushion against a softer property market and pointing to pockets of opportunity for the country’s biggest developers.
MREIT earnings climb as dividends rise on expansion
MREIT Inc., the real estate investment trust backed by Megaworld Corp., posted a robust first-half performance as recent acquisitions, higher occupancy, and tighter cost controls combined to lift earnings and support bigger shareholder payouts despite a challenging operating environment.
Megaworld channels MREIT share-sale proceeds into township expansion
Property giant Megaworld Corp., the real estate arm of billionaire Andrew Tan, plans to reinvest more than P661 million raised from recent sales of shares in its listed real estate investment trust, MREIT Inc., into expanding key township projects, underscoring its strategy of recycling capital to fund growth.
Megaworld raises P5.6 billion for MREIT expansion push
Property giant Megaworld Corp. has raised P5.6 billion through a series of MREIT Inc. block sales between April and July, providing fresh capital to bankroll the next wave of township developments while expanding the listed real estate investment trust's portfolio.
Megaworld raises P516.5 million through MREIT block sale
Megaworld Corp. has raised about P516.49 million after selling 37.7 million shares in MREIT Inc. through a block sale, a move that provides fresh capital while maintaining the property giant's ability to recycle investments.
