Megaworld REIT income jumps 34% as MREIT reports ₱2.49B in H1 2026

MREIT raises dividends as portfolio growth and improved occupancy lift earnings.

Megaworld’s real estate investment trust, MREIT, posted a 34% jump in distributable income to ₱2.49 billion in the first half of 2026, as its bigger portfolio helped lift earnings and dividends.

The Tan-led property group generated ₱3.41 billion in revenues during the period, up 26% from a year earlier, as new assets from its Wave 4 acquisition started contributing to its income base.

MREIT’s net operating income margin also rose to 81%, while portfolio occupancy improved to 90% from 89% a year earlier. The company said its office properties within Megaworld townships continued to attract tenants despite higher costs and a challenging operating environment.

The stronger earnings allowed MREIT to raise its second-quarter cash dividend to ₱0.2630 per share, 5% higher than the previous year. Total dividends for the first six months reached ₱0.5260 per share, equivalent to an annualized dividend yield of 7.6% based on its latest closing price.

The company is also preparing for its next growth move through Wave 5, a proposed ₱27-billion asset infusion that could expand its portfolio to more than 950,000 square meters of leasable space once approved by regulators.

The results show how MREIT’s property acquisitions are translating into higher earnings, while giving investors exposure to a wider pool of income-generating assets.

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