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Business > Corporate News
High occupancy seen fueling MREIT growth
By Brix Lelis
Jan 13, 2024 12:17 am

MREIT Inc., the real estate investment trust of Megaworld Corp., will likely deliver stronger growth this year as it maintains high occupancy rates, Maybank Investment Banking Group said Friday.

In a report, Maybank said it expected MREIT's net income to expand by 9.0 percent year on year in 2024, supported by a steady occupancy rate of at least 94 percent and an average annual rental escalation rate of 3.0 percent.

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