{"id":330796,"date":"2024-12-05T12:39:12","date_gmt":"2024-12-05T04:39:12","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330796"},"modified":"2024-12-05T12:39:14","modified_gmt":"2024-12-05T04:39:14","slug":"trade-the-news-mreit-targets-1-million-sqm-lease-portfolio","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-mreit-targets-1-million-sqm-lease-portfolio\/","title":{"rendered":"Trade the News: MREIT targets 1 million sqm lease portfolio"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>MREIT Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>MREIT<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 16.05<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

The real estate investment trust (REIT) of Megaworld Corp. plans to amass a portfolio of one million square meters of gross leasable area (GLA) by the end of 2030 as it sets a three-year investment strategy aimed at increasing its shareholder value.<\/p>\n\n\n\n

In a regulatory filing yesterday, MREIT disclosed its three-year investment strategy prepared by MREIT Fund Managers Inc. (MFMI), which aims, among others, to reach a portfolio of one million sqm in GLA by the end of 2030.<\/p>\n\n\n\n

\u201cMFMI maintains its accelerated growth plan to increase the company\u2019s portfolio of high-quality, income-generating assets with GLA of 100,000 sqm each year to reach one million sqm by the end of 2030,\u201d the company said.<\/p>\n\n\n\n

Currently, MREIT has a portfolio of 24 buildings with a GLA of 482,056 sqm. This is composed of buildings in Eastwood in Quezon City, McKinley Hill and McKinley West in Taguig City, as well as Iloilo Business Park and the Davao Park District.<\/p>\n\n\n\n

Another investment objective of the company is to diversify its portfolio by investing in other townships and other real estate properties.<\/p>\n\n\n\n

\u201cAs opportunities arise, the company may choose to diversify to other high-growth geographic areas like Cebu, Bacolod and Pampanga, and other growth areas in the country where the sponsor\u2019s townships are located,\u201d MREIT said.<\/p>\n\n\n\n

It added that diversification plans also include investment in other types of real estate properties such as retail, hospitality, industrial, logistics, warehouse and other real property sectors that meet the company\u2019s investment criteria for Grade A, centrally located, stably occupied and income-producing properties.<\/p>\n\n\n\n

(News Source: Philippine Star<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-330796","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330796"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330796\/revisions"}],"predecessor-version":[{"id":330798,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330796\/revisions\/330798"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}