MREIT Inc., the real estate investment trust of property giant Megaworld, recorded a 34-percent hike in its distributable income to P2.49 billion in the first half, according to Philstar Biz.
The growth was fueled by its latest asset acquisition, improved portfolio occupancy, and further gains in operating efficiency during the period.
MREIT continues to benefit from the strong performance of its office and commercial properties amid steady demand in the Philippine real estate market.