MREIT Inc., the real estate investment trust arm of Megaworld Corp., posted its strongest quarterly performance to date in the first quarter, as a recently completed acquisition and improved operating efficiency combined to drive broad based growth in earnings, revenues, and margins.
MREIT, Inc., the real estate investment trust of Megaworld Corp., has received approval from the Securities and Exchange Commission for its Wave 4 property-for-share swap, clearing the way for a major portfolio expansion in McKinley Hill.
Megaworld Corp., the property development arm of billionaire Andrew Tan, raised fresh capital after selling a portion of its holdings in real estate investment trust, MREIT Inc., through a block sale that raised P945 million.
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.
Megaworld Corp. cashed in on two portfolio investments, raising a combined P1.86 billion and boosting fresh capital for the listed property arm of billionaire Andrew Tan.
Fuel prices will see mixed adjustments again this week, driven by shifting global oil prices tied to tensions in the Middle East, according to a local fuel retailer.
Metro Pacific Tollways Corp. (MPTC) reported a 3 percent drop in net income for the first quarter of 2026, totaling ₱2.25 billion from ₱2.32 billion a year earlier, due to rising costs and expenses.
PLDT Enterprise rolled out free WiFi in quake-hit areas — General Santos City, Sarangani, Glan, Jose Abad Santos, and parts of Davao Occidental — serving thousands of residents.
Globe Telecom is stepping up infrastructure and resiliency upgrades in Aklan and Antique to boost connectivity for residents, businesses, schools, hospitals, and government offices amid the growing digital economy.