Good news for investors of MREIT – the real estate investment trust of Megaworld Corp. is making a strategic move to fast-track its growth. The company has announced an ambitious plan to achieve a gross leasable area (GLA) of 1 million square meters by 2027, a full three years ahead of its initial schedule.
This accelerated timeline is a testament to MREIT’s commitment to delivering exceptional value to its shareholders. The company’s Chairman, Kevin L. Tan, stated that this decision is a direct result of their vision to grow faster and exceed market expectations. So, how will they do it? The plan involves a capital raise and the infusion of more prime assets into the company’s portfolio. The Board has already given its nod to increase the authorized capital stock and issue new common shares. The funds from this initiative will be used to further bolster MREIT’s already strong portfolio.
VREIT has a very high dividend yield of 12%, reflecting the high risk that investors attach to it. Although it currently reports an occupancy rate of 97%, it looks like that will not be maintained in the future if we believe what netizens on X are saying:
This is Vista Mall Las Piñas’ Cinema and Appliance Centers now. Karma i guess pic.twitter.com/yHm1KskNaj
DDMP REIT investors rarely get updates from this sleepy REIT and it’s easy to forget that this is the second oldest REIT we have. As a refresher, DDMPR owns a 4.7 hectare property, its namesake, DoubleDragon Meridian Park.
At the time of its IPO in 2021, the buildings in light green above were under construction. A lot has happened since then, including the POGO ban which adversely affected DDMPR’s income and subsequently the dividends.
