Tag: Megaworld
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Megaworld targets 12,000 hotel rooms by 2032
Megaworld is accelerating its hospitality expansion, targeting nearly 12,000 hotel rooms by 2032 as it moves deeper into some of the Philippines’ fastest-growing tourism destinations, including Palawan and Ilocos Norte.
Megaworld raises dividend to record P3.8B
Property giant Megaworld Corp. is giving shareholders a bigger slice of its growing earnings, declaring a record cash dividend of P0.11733697 per share, 25 percent higher than the P0.09395845 paid in August 2025.
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.
