MREIT seen to post steady earnings

By Brix Lelis

Mar 30, 2024 12:10 am

MREIT Inc., the real estate investment trust of Megaworld Corp., will likely generate 'steady' earnings this year and the next on the back of above-industry occupancy levels and annual rental escalation rates.

In a report by the Maybank Investment Banking Group released on Wednesday, the Tan-led REIT landlord is expected to grow its earnings by 7 percent this year and 5 percent in 2025, driven by a steady occupancy rate of at least 94 percent.

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