{"id":331785,"date":"2025-03-06T14:42:16","date_gmt":"2025-03-06T06:42:16","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=331785"},"modified":"2025-03-06T14:42:19","modified_gmt":"2025-03-06T06:42:19","slug":"trade-the-news-mreit-ends-2024-with-37-earnings-jump","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-mreit-ends-2024-with-37-earnings-jump\/","title":{"rendered":"Trade the News: MREIT ends 2024 with 37% earnings jump"},"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 15.64<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

MREIT, Inc. (MREIT), the real estate investment trust of Megaworld Corp., ended 2024 with strong momentum, signaling even bigger expansion ahead as it moves toward its long-term goal of one million square meters of gross leasable area by 2030.<\/p>\n\n\n\n

Fourth-quarter distributable income surged 37 percent to P969 million, fueled by its P13.15-billion acquisition of six PEZA-accredited office buildings that expanded its portfolio by 156,000 square meters, pushing total leasable space 48 percent higher to 482,000 square meters.

\u201cWe are actively assessing new acquisition opportunities to sustain MREIT\u2019s growth trajectory and move closer to our long-term goal of achieving one million square meters of GLA by 2030,\u201d said MREIT president and CEO Kevin Tan.<\/p>\n\n\n\n

\u201cOur commitment to operational excellence and strategic expansion will continue to drive strong performance and increased dividends for our investors,\u201d he added.<\/p>\n\n\n\n

Revenues jumped 34 percent to P1.4 billion, reflecting the company\u2019s growing rental base and aggressive expansion strategy.<\/p>\n\n\n\n

For the full year, distributable income climbed 12 percent to P3.2 billion, while revenues rose 9 percent to P4.5 billion, supported by rental escalations and new asset contributions.<\/p>\n\n\n\n

MREIT maintained a 91 percent occupancy rate, outpacing the Metro Manila average, thanks to strong demand from BPO firms and corporate tenants.<\/p>\n\n\n\n

MREIT\u2019s portfolio comprises 24 prime office properties strategically located in five Megaworld premier townships: Eastwood City, McKinley Hill, McKinley West, Iloilo Business Park, and Davao Park District.<\/p>\n\n\n\n

(News Source: Insider PH<\/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\n\n\n

<\/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-331785","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\/331785","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=331785"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331785\/revisions"}],"predecessor-version":[{"id":331787,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331785\/revisions\/331787"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=331785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=331785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=331785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}