MREIT, Inc., the real estate investment trust (REIT) of listed Megaworld Corp. said it has earmarked P184 million from the proceeds of the recent block sale of its shares for ongoing township projects in Bacolod, Cebu and Palawan.
In its reinvestment progress report, Megaworld said P70.7 million was allocated for the development of its eco-tourism township in Paraguay Coastown, San Vicente, Palawan.
Its unit is Megaworld San Vicente Coast, Inc. The funds distributed through will be used for building and land improvements within the township.
mREIT acquired Megaworld Bacolod Properties, Inc. It also allocated P63.98 million for its Bacolod projects, including planned expansions such as malls, offices and land developments.
Meanwhile, Megaworld Oceantown Properties, Inc. P49.5 million was earmarked for The Mactan Newtown in Cebu.
The mREIT said the payments were made between December 23 and 31, 2025.
The funds came from the sale of 98 million common shares of mREIT in December, which raised P1.32 billion. As of December 31, mREIT's remaining proceeds from sales were P1.14 billion.
In a separate disclosure, the MREIT said it has distributed P380 million between Oct. 1 and Dec. 31, 2025, from a separate block sale transaction of 168.63 million common shares of the MREIT in September.
Of the P2.21 billion net income, mREIT earmarked P160 million for The Mactan Newtown, P130 million for Paraguay Coastown, and P90 million for its Bacolod projects.
The mREIT's asset portfolio includes office, retail, residential condominiums, residential and commercial lots and hotels, all located in megaworld townships such as Eastwood City, McKinley Hill, McKinley West, Iloilo Business Park and Davao Park District.
Parent firm Alliance Global Group, Inc. Chairman and Chief Executive Officer Kevin Andrew L. Tan said Megaworld planned to add 250,000 square meters (sq m) of new office and mall properties to the mREIT this year.
This is in line with the mREIT's goal of expanding its asset portfolio to one million square metres. of gross leasable area by 2027.
In the first nine months of 2025, mREIT reported a 27% increase in distributable income, reaching P2.8 billion, driven by its newly acquired office properties.
Shares of MREIT fell 0.43% or six centavos to close at P13.90 on Wednesday. — Beatriz Marie D. Cruz