Property giant Megaworld Corp. has raised P147.1 million from a fresh round of sale of shares in its real estate investment trust company, MREIT Inc., as reported by Philstar Biz.
The capital infusion comes as Megaworld continues to leverage its REIT platform to unlock value from its office and commercial portfolio. MREIT, which went public in 2021, holds prime office assets in key Philippine business districts.
The transaction underscores the sustained appetite for REIT shares in the Philippine market, where developers use them to raise funds for expansion while offering investors stable dividend yields. Megaworld has been one of the most active property firms in the country's REIT sector.