MREIT declares record cash dividend

MANILA, Philippines — MREIT Inc., the real estate investment trust company of property giant Megaworld Corp., has declared a record cash dividend for the first quarter, as it anchors its growth strategy on infusions that deliver tangible dividends per share accretion to its shareholders.

MREIT announced a cash dividend of P0.2630 per share for the first quarter, a five percent jump from the previous quarterly payout.

The company said the increase reflects the full quarterly contribution of the nine Grade A office buildings infused under Wave 4, the P16.2-billion property-for-share swap completed in March.

The dividend is payable on May 29 to stockholders on record as of May 15, 2026 and translates to an annualized dividend yield of 7.6 percent based on the closing price of P13.90 per share as of April 29.

MREIT president and CEO Jose Arnulfo Batac called the uplift a defining moment for the company, signaling the start of a new phase of growth. “For the first time, our shareholders are seeing the full power of an infusion that is not just additive in size, but meaningfully accretive on a per-share basis,” Batac said.

“This five percent uplift in dividends per share is the direct outcome of how Wave 4 was structured, and it sets the standard for every acquisition we will pursue from here on,” he said.

MREIT said upcoming future waves would be evaluated and structured with the same discipline applied to Wave 4, prioritizing valuation, transaction structure and asset quality to ensure that portfolio expansion translates directly into stronger per-share returns.

“Scale alone is not the goal. What matters is whether each transaction makes our shareholders better off on a per-share basis. That is the bar we have set, and that is the bar we will keep raising as we move into Wave 5 and beyond,” Batac said.

MREIT said that with Wave 5 already in preparation for the second half, the company remains on track toward its goal of one million square meters of gross leasable area by 2027.