MREIT, Inc. posted stronger first-half earnings as its fourth wave of asset acquisitions boosted income and occupancy, according to a report by BusinessWorld.
The real estate investment trust reported a 34% increase in distributable income to P2.49 billion in the first half of the year, supported by higher rental revenues and improved occupancy rates across its portfolio. The company's latest acquisitions contributed significantly to the growth.
MREIT is also advancing a planned P27-billion portfolio expansion that will further diversify its assets beyond office properties, aiming to strengthen its position in the Philippine REIT market.