MREIT（MREIT）株式概要MREITは不動産投資信託として運営されている。 詳細MREIT ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長2/6過去の実績2/6財務の健全性4/6配当金2/6報酬当社が推定した公正価値より30.8%で取引されている 収益は年間6.91%増加すると予測されています 過去5年間の収益は年間20.7%増加しました。 リスク分析7.2%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない 過去1年間で株主の希薄化が進んだ すべてのリスクチェックを見るMREIT Community Fair Values Create NarrativeSee what 258 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₱Current Price₱13.921.5% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-133m11b2016201920222025202620282031Revenue ₱10.9bEarnings ₱11.2bAdvancedSet Fair ValueView all narrativesMREIT, Inc. 競合他社RL Commercial REITSymbol: PSE:RCRMarket cap: ₱135.3bAREITSymbol: PSE:AREITMarket cap: ₱145.3bFilinvest REITSymbol: PSE:FILRTMarket cap: ₱19.6bDDMP REITSymbol: PSE:DDMPRMarket cap: ₱18.7b価格と性能株価の高値、安値、推移の概要MREIT過去の株価現在の株価₱13.9252週高値₱15.0452週安値₱13.20ベータ0.141ヶ月の変化-0.43%3ヶ月変化-0.43%1年変化1.61%3年間の変化-4.00%5年間の変化n/aIPOからの変化-16.65%最新ニュースReported Earnings • May 05First quarter 2026 earnings released: EPS: ₱0.27 (vs ₱0.26 in 1Q 2025)First quarter 2026 results: EPS: ₱0.27 (up from ₱0.26 in 1Q 2025). Revenue: ₱1.72b (up 69% from 1Q 2025). Net income: ₱1.28b (up 33% from 1Q 2025). Profit margin: 74% (down from 95% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Office REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Declared Dividend • May 02First quarter dividend of ₱0.26 announcedShareholders will receive a dividend of ₱0.26. Ex-date: 14th May 2026 Payment date: 29th May 2026 Dividend yield will be 7.2%, which is about the same as the industry average.お知らせ • Apr 22MREIT, Inc., Annual General Meeting, May 29, 2026MREIT, Inc., Annual General Meeting, May 29, 2026, at 14:00 W. Australia Standard Time. Location: ph/asm2026, PhilippinesNew Risk • Apr 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 134% Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding).Declared Dividend • Mar 04Fourth quarter dividend of ₱0.25 announcedShareholders will receive a dividend of ₱0.25. Ex-date: 13th March 2026 Payment date: 26th March 2026 Dividend yield will be 7.1%, which is lower than the industry average of 7.5%.Reported Earnings • Mar 03Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ₱1.18. Revenue: ₱5.58b (up 61% from FY 2024). Net income: ₱4.40b (up 11% from FY 2024). Profit margin: 79% (down from 115% in FY 2024). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 9.8%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Office REITs industry in Asia.最新情報をもっと見るRecent updatesReported Earnings • May 05First quarter 2026 earnings released: EPS: ₱0.27 (vs ₱0.26 in 1Q 2025)First quarter 2026 results: EPS: ₱0.27 (up from ₱0.26 in 1Q 2025). Revenue: ₱1.72b (up 69% from 1Q 2025). Net income: ₱1.28b (up 33% from 1Q 2025). Profit margin: 74% (down from 95% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Office REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Declared Dividend • May 02First quarter dividend of ₱0.26 announcedShareholders will receive a dividend of ₱0.26. Ex-date: 14th May 2026 Payment date: 29th May 2026 Dividend yield will be 7.2%, which is about the same as the industry average.お知らせ • Apr 22MREIT, Inc., Annual General Meeting, May 29, 2026MREIT, Inc., Annual General Meeting, May 29, 2026, at 14:00 W. Australia Standard Time. Location: ph/asm2026, PhilippinesNew Risk • Apr 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 134% Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding).Declared Dividend • Mar 04Fourth quarter dividend of ₱0.25 announcedShareholders will receive a dividend of ₱0.25. Ex-date: 13th March 2026 Payment date: 26th March 2026 Dividend yield will be 7.1%, which is lower than the industry average of 7.5%.Reported Earnings • Mar 03Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ₱1.18. Revenue: ₱5.58b (up 61% from FY 2024). Net income: ₱4.40b (up 11% from FY 2024). Profit margin: 79% (down from 115% in FY 2024). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 9.8%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Office REITs industry in Asia.Recent Insider Transactions • Feb 14Chairman of the Board recently bought ₱7.0m worth of stockOn the 10th of February, Kevin Andrew Tan bought around 500k shares on-market at roughly ₱13.97 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Kevin Andrew's only on-market trade for the last 12 months.New Risk • Dec 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.Declared Dividend • Nov 15Third quarter dividend of ₱0.25 announcedShareholders will receive a dividend of ₱0.25. Ex-date: 28th November 2025 Payment date: 19th December 2025 Dividend yield will be 7.2%, which is about the same as the industry average.Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ₱0.26 (vs ₱0.26 in 3Q 2024)Third quarter 2025 results: EPS: ₱0.26 (in line with 3Q 2024). Revenue: ₱1.43b (up 86% from 3Q 2024). Net income: ₱959.3m (up 33% from 3Q 2024). Profit margin: 67% (down from 94% in 3Q 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Office REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Sep 16Now 21% undervaluedOver the last 90 days, the stock has risen 1.3% to ₱13.96. The fair value is estimated to be ₱17.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 0.3% in the next 2 years.Buy Or Sell Opportunity • Aug 27Now 20% undervaluedOver the last 90 days, the stock has risen 8.5% to ₱14.80. The fair value is estimated to be ₱18.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 0.3% in the next 2 years.Declared Dividend • Aug 14Second quarter dividend of ₱0.25 announcedShareholders will receive a dividend of ₱0.25. Ex-date: 27th August 2025 Payment date: 11th September 2025 Dividend yield will be 7.0%, which is lower than the industry average of 7.5%.Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: ₱0.26 (vs ₱0.26 in 2Q 2024)Second quarter 2025 results: EPS: ₱0.26 (in line with 2Q 2024). Revenue: ₱1.03b (up 29% from 2Q 2024). Net income: ₱965.8m (up 31% from 2Q 2024). Profit margin: 94% (up from 93% in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Office REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Aug 12MREIT, Inc., Annual General Meeting, Sep 29, 2025MREIT, Inc., Annual General Meeting, Sep 29, 2025, at 14:00 W. Australia Standard Time.Recent Insider Transactions • Jun 26President recently bought ₱1.4m worth of stockOn the 18th of June, Jose Arnulfo Batac bought around 100k shares on-market at roughly ₱13.77 per share. This transaction increased Jose Arnulfo's direct individual holding by 100x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jose Arnulfo's only on-market trade for the last 12 months.Reported Earnings • May 09First quarter 2025 earnings released: EPS: ₱0.26 (vs ₱0.26 in 1Q 2024)First quarter 2025 results: EPS: ₱0.26. Revenue: ₱1.34b (up 60% from 1Q 2024). Net income: ₱963.1m (up 31% from 1Q 2024). Profit margin: 72% (down from 88% in 1Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Office REITs industry in Asia.お知らせ • Apr 10MREIT, Inc., Annual General Meeting, May 30, 2025MREIT, Inc., Annual General Meeting, May 30, 2025, at 14:00 W. Australia Standard Time.Declared Dividend • Mar 08Fourth quarter dividend of ₱0.25 announcedShareholders will receive a dividend of ₱0.25. Ex-date: 20th March 2025 Payment date: 4th April 2025 Dividend yield will be 7.3%, which is about the same as the industry average.Reported Earnings • Mar 01Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: ₱1.37 (up from ₱0.062 in FY 2023). Revenue: ₱4.51b (up 40% from FY 2023). Net income: ₱3.97b (up ₱3.81b from FY 2023). Profit margin: 88% (up from 5.2% in FY 2023). Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Office REITs industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.お知らせ • Jan 16+ 1 more updateMREIT, Inc. Appoints Giancarlo V. Inacay as Chief Financial OfficerMREIT, Inc. approved the following matters in relation to list of officers of the company. The company announced the appointment of Mr. Giancarlo V. Inacav as Chief Financial Officer, effective January 16, 2025. Mr. Giancarlo V. Inacay, 30 years old, Filipino, served as Financial Director of the Company since July 2024. Prior to joining the Company, Mr. Inacay was associated with Whitestone Holdings Inc., Philippines, Bayfront Capital Advisors, Singapore and PwC Philippines. Mr. Inacay graduated from De La Salle University Manila with a degree in Applied Economics and Business Management.New Risk • Nov 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 33% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 157% Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (33% increase in shares outstanding).Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ₱0.26 (vs ₱0.26 in 3Q 2023)Third quarter 2024 results: EPS: ₱0.26 (in line with 3Q 2023). Revenue: ₱1.00b (up 26% from 3Q 2023). Net income: ₱719.6m (flat on 3Q 2023). Profit margin: 72% (down from 90% in 3Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Office REITs industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance.Declared Dividend • Nov 07Second quarter dividend of ₱0.25 announcedShareholders will receive a dividend of ₱0.25. Ex-date: 15th November 2024 Payment date: 3rd December 2024 Dividend yield will be 7.3%, which is about the same as the industry average.Buy Or Sell Opportunity • Aug 29Now 21% undervaluedOver the last 90 days, the stock has risen 3.3% to ₱12.98. The fair value is estimated to be ₱16.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 84% in 2 years. Earnings are forecast to grow by 2,358% in the next 2 years.Declared Dividend • Aug 07First quarter dividend of ₱0.25 announcedShareholders will receive a dividend of ₱0.25. Ex-date: 15th August 2024 Payment date: 30th August 2024 Dividend yield will be 7.5%, which is about the same as the industry average.お知らせ • Jul 30MREIT Ltd Announces the Appointment of Sadie Joanna Malim as DirectorMREIT Ltd. announced the appointment of Sadie Joanna Malim as director with effect from 1 April 2024.お知らせ • May 16+ 1 more updateMREIT, Inc. Announces Resignation of Englebert G. Teh as Chief Financial Officer, Effective 16 May 2024The Board of Directors of MREIT, Inc. accepted the resignation of Mr. Englebert G. Teh as Chief Financial Officer of the Company effective 16 May 2024. The resignation is due to personal reasons.Declared Dividend • May 15Fourth quarter dividend reduced to ₱0.25Dividend of ₱0.25 is 0.6% lower than last year. Ex-date: 23rd May 2024 Payment date: 14th June 2024 Dividend yield will be 7.8%, which is about the same as the industry average.お知らせ • May 15MREIT, Inc., Annual General Meeting, Jun 26, 2024MREIT, Inc., Annual General Meeting, Jun 26, 2024, at 14:00 W. Australia Standard Time.Price Target Changed • Mar 26Price target decreased by 8.2% to ₱16.03Down from ₱17.47, the current price target is an average from 3 analysts. New target price is 24% above last closing price of ₱12.98. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₱1.07 for next year compared to ₱0.062 last year.Upcoming Dividend • Mar 08Upcoming dividend of ₱0.25 per shareEligible shareholders must have bought the stock before 15 March 2024. Payment date: 05 April 2024. Trailing yield: 7.3%. Within top quartile of Filipino dividend payers (5.8%). In line with average of industry peers (7.5%).Reported Earnings • Mar 03Full year 2023 earnings released: EPS: ₱0.06 (vs ₱0.07 loss in FY 2022)Full year 2023 results: EPS: ₱0.06 (up from ₱0.07 loss in FY 2022). Revenue: ₱4.16b (up 43% from FY 2022). Net income: ₱168.3m (up ₱344.9m from FY 2022). Profit margin: 4.1% (up from net loss in FY 2022). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Office REITs industry in Asia.Upcoming Dividend • Nov 10Upcoming dividend of ₱0.25 per share at 8.1% yieldEligible shareholders must have bought the stock before 17 November 2023. Payment date: 14 December 2023. Trailing yield: 8.1%. Within top quartile of Filipino dividend payers (5.4%). In line with average of industry peers (7.8%).Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: ₱0.26 (vs ₱0.25 in 3Q 2022)Third quarter 2023 results: EPS: ₱0.26 (up from ₱0.25 in 3Q 2022). Revenue: ₱1.04b (up 46% from 3Q 2022). Net income: ₱713.1m (up 13% from 3Q 2022). Profit margin: 69% (down from 88% in 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Office REITs industry in Asia.お知らせ • Oct 01MREIT, Inc. Announces Executive ChangesThe Board of Directors of MREIT, Inc. accepted the resignation of Atty. Karren Mae C. de Chavez as Compliance Officer and Data Privacy Officer of the Company effective 30 September 2023, and approved the appointment of Atty. Krizelle Marie Poblacion as Compliance Officer of the Company effective 1 October 2023. Atty. Krizelle Marie Poblacion, 37 years old, Filipino, concurrently serves as a Corporate Compliance Lawyer at Megaworld Corporation, the Company's Parent and Sponsor. Prior to joining the Megaworld Group, she was a Partner at the Poblador Bautista & Reyes Law Offices. Atty. Poblacion graduated from the Ateneo de Manila University with a degree in Economics in 2006, and obtained her Juris Doctor degree from the University of the Philippines in 2010. She was admitted to the Philippine Bar in 2011, and has more than ten years of relevant experience in legal, regulatory and compliance work.Buying Opportunity • Sep 15Now 27% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be ₱16.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Meanwhile, the company became loss making.Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ₱0.28 (vs ₱0.27 in 2Q 2022)Second quarter 2023 results: EPS: ₱0.28 (up from ₱0.27 in 2Q 2022). Revenue: ₱1.03b (up 39% from 2Q 2022). Net income: ₱734.0m (up 6.8% from 2Q 2022). Profit margin: 71% (down from 93% in 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Office REITs industry in Asia.Price Target Changed • Jun 01Price target decreased by 16% to ₱17.40Down from ₱20.60, the current price target is an average from 3 analysts. New target price is 26% above last closing price of ₱13.80. Stock is down 17% over the past year. The company is forecast to post earnings per share of ₱0.83 next year compared to a net loss per share of ₱0.07 last year.Upcoming Dividend • May 17Upcoming dividend of ₱0.25 per share at 6.7% yieldEligible shareholders must have bought the stock before 24 May 2023. Payment date: 19 June 2023. Trailing yield: 6.7%. Within top quartile of Filipino dividend payers (5.8%). In line with average of industry peers (6.7%).Board Change • Mar 28Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Antonio Llantada was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Jan 12Upcoming dividend of ₱0.24 per shareEligible shareholders must have bought the stock before 19 January 2023. Payment date: 15 February 2023. Trailing yield: 6.9%. Within top quartile of Filipino dividend payers (5.4%). In line with average of industry peers (6.9%).お知らせ • Jan 10MREIT, Inc. Declares Dividend for the Fourth Quarter of 2022, Payable on February 15, 2023MREIT Inc. declared dividends of PHP 0.2428 per share to its shareholders based on its distributable income in the fourth quarter of 2022, payable on February 15, 2023 to stockholders on record as of January 24, 2023.お知らせ • Jan 04MREIT, Inc. Announces Executive ChangesMREIT, Inc. informed that at its meeting held on 03 January 2023, the Board of Directors of MREIT, Inc. approved the appointment of Atty. Karren Mae C. De Chavez-Reodica as Compliance Officer and Data Protection Officer of the Company effective 04 January 2023, in view of the resignation of Ms. Cheryll B. Sereno effective 03 January 2023 due to personal reasons. Atty. Reodica is also the In-House Counsel of the Company who has more than five years of relevant experience in regulatory and compliance work.Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₱14.48, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the REITs industry in Philippines. Total loss to shareholders of 20% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₱25.90 per share.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Antonio Llantada was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Aug 08Mreit, Inc. Approves the Declaration of Dividends for the Second Quarter of 2022MREIT's board also approved the declaration of dividends amounting to P 0.2468 per share for the second quarter of 2022, which is 1.6% higher than the previous quarter. This brings the company's annualized dividend yield to 6.2%. for the second quarter of 2022.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Antonio Llantada was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 25MREIT, Inc. Declares Dividends for the First Quarter of 2022, Payable on May 31, 2022MREIT, Inc. declared dividends of PHP 0.243 per share to its shareholders based on its income for the first quarter of 2022. The cash dividends will be payable on May 31, 2022 to stockholders on record as of May 10, 2022.Board Change • Apr 18Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Antonio Llantada was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 06MREIT, Inc. (PSE:MREIT) agreed to acquire Four Prime, Grade A, Office Properties in PEZA-Accredited Zones for PHP 4.9 billion.MREIT, Inc. (PSE:MREIT) agreed to acquire Four Prime, Grade A, Office Properties in PEZA-Accredited Zones for PHP 4.9 billion on April 1, 2022. Under the terms of the acquisition, the properties will be exchanged for 263,700,000 MREIT primary common shares at a share price of PHP 20 per share. With these acquisitions, MREIT will have 100% ownership of the two Iloilo Business Park properties, and 80% economic interest in the two McKinley West office towers.お知らせ • Apr 04MREIT, Inc., Annual General Meeting, May 27, 2022MREIT, Inc., Annual General Meeting, May 27, 2022, at 09:00 Singapore Standard Time. Agenda: To consider Call to Order; to Proof of Notice and Determination of Quorum; to Approval of the Minutes of the Previous Stockholders' Meetings; to Annual Report of Management; to Appointment of External Auditors; to Ratification of Acts and Resolutions of the Board of Directors, Board Committees, and Management; to Election of Directors; and to consider other matter.お知らせ • Mar 07MREIT, Inc. Declares Dividend for the Fourth Quarter of 2021, Payable on March 31, 2022MREIT, Inc.'s Board declared dividends amounting to PHP 0.24 per share for the fourth quarter of 2021 on March 4, 2022. This compares favorably to the dividends declared by the company for the previous quarter of PHP 0.24 per share, which included a bonus dividend equivalent of PHP 0.05 for income generated by the company in June when it started operations. Total dividends paid by MREIT for 2021 now stands at PHP 0.48 per share. As of the close of trading last week, MREIT's total shareholder return since IPO stood at 25%. The dividends shall be payable on March 31, 2022 to shareholders on record as of March 18, 2022.株主還元MREITPH Office REITsPH 市場7D-0.4%-0.5%-0.6%1Y1.6%0.6%-11.4%株主還元を見る業界別リターン: MREIT過去 1 年間で0.6 % のリターンをもたらしたPH Office REITs業界と一致しました。リターン対市場: MREIT過去 1 年間で-11.4 % の収益を上げたPH市場を上回りました。価格変動Is MREIT's price volatile compared to industry and market?MREIT volatilityMREIT Average Weekly Movement2.2%Office REITs Industry Average Movement2.4%Market Average Movement5.2%10% most volatile stocks in PH Market10.0%10% least volatile stocks in PH Market2.9%安定した株価: MREIT 、 PH市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: MREITの 週次ボラティリティ ( 2% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイトn/an/aJose Arnulfo Batacmreit.com.phMREIT, Inc.は不動産投資信託として運営されている。フィリピンのオフィス・商業施設10棟を賃貸している。同社は不動産投資信託としての課税を選択している。その結果、純利益のうち株主に分配される部分には法人税が課税されない。同社はフィリピンのタギッグを拠点としている。もっと見るMREIT, Inc. 基礎のまとめMREIT の収益と売上を時価総額と比較するとどうか。MREIT 基礎統計学時価総額₱65.69b収益（TTM）₱4.72b売上高(TTM)₱4.59b13.9xPER（株価収益率14.3xP/SレシオMREIT は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計MREIT 損益計算書（TTM）収益₱4.59b売上原価₱1.20b売上総利益₱3.39bその他の費用-₱1.33b収益₱4.72b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）1.00グロス・マージン73.84%純利益率102.74%有利子負債／自己資本比率8.6%MREIT の長期的なパフォーマンスは？過去の実績と比較を見る配当金7.2%現在の配当利回り130%配当性向MREIT 配当は確実ですか？MREIT 配当履歴とベンチマークを見るMREIT 、いつまでに購入すれば配当金を受け取れますか？MREIT 配当日配当落ち日May 14 2026配当支払日May 29 2026配当落ちまでの日数8 days配当支払日までの日数7 daysMREIT 配当は確実ですか？MREIT 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 17:05終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋MREIT, Inc. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関John Renz AlvaradoCLSARachelle Anne BiacoraCOL Financial Group, Incnull nullDBS Bank Ltd1 その他のアナリストを表示
Reported Earnings • May 05First quarter 2026 earnings released: EPS: ₱0.27 (vs ₱0.26 in 1Q 2025)First quarter 2026 results: EPS: ₱0.27 (up from ₱0.26 in 1Q 2025). Revenue: ₱1.72b (up 69% from 1Q 2025). Net income: ₱1.28b (up 33% from 1Q 2025). Profit margin: 74% (down from 95% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Office REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Declared Dividend • May 02First quarter dividend of ₱0.26 announcedShareholders will receive a dividend of ₱0.26. Ex-date: 14th May 2026 Payment date: 29th May 2026 Dividend yield will be 7.2%, which is about the same as the industry average.
お知らせ • Apr 22MREIT, Inc., Annual General Meeting, May 29, 2026MREIT, Inc., Annual General Meeting, May 29, 2026, at 14:00 W. Australia Standard Time. Location: ph/asm2026, Philippines
New Risk • Apr 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 134% Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding).
Declared Dividend • Mar 04Fourth quarter dividend of ₱0.25 announcedShareholders will receive a dividend of ₱0.25. Ex-date: 13th March 2026 Payment date: 26th March 2026 Dividend yield will be 7.1%, which is lower than the industry average of 7.5%.
Reported Earnings • Mar 03Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ₱1.18. Revenue: ₱5.58b (up 61% from FY 2024). Net income: ₱4.40b (up 11% from FY 2024). Profit margin: 79% (down from 115% in FY 2024). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 9.8%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Office REITs industry in Asia.
Reported Earnings • May 05First quarter 2026 earnings released: EPS: ₱0.27 (vs ₱0.26 in 1Q 2025)First quarter 2026 results: EPS: ₱0.27 (up from ₱0.26 in 1Q 2025). Revenue: ₱1.72b (up 69% from 1Q 2025). Net income: ₱1.28b (up 33% from 1Q 2025). Profit margin: 74% (down from 95% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Office REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Declared Dividend • May 02First quarter dividend of ₱0.26 announcedShareholders will receive a dividend of ₱0.26. Ex-date: 14th May 2026 Payment date: 29th May 2026 Dividend yield will be 7.2%, which is about the same as the industry average.
お知らせ • Apr 22MREIT, Inc., Annual General Meeting, May 29, 2026MREIT, Inc., Annual General Meeting, May 29, 2026, at 14:00 W. Australia Standard Time. Location: ph/asm2026, Philippines
New Risk • Apr 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Cash payout ratio: 134% Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding).
Declared Dividend • Mar 04Fourth quarter dividend of ₱0.25 announcedShareholders will receive a dividend of ₱0.25. Ex-date: 13th March 2026 Payment date: 26th March 2026 Dividend yield will be 7.1%, which is lower than the industry average of 7.5%.
Reported Earnings • Mar 03Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ₱1.18. Revenue: ₱5.58b (up 61% from FY 2024). Net income: ₱4.40b (up 11% from FY 2024). Profit margin: 79% (down from 115% in FY 2024). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 9.8%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Office REITs industry in Asia.
Recent Insider Transactions • Feb 14Chairman of the Board recently bought ₱7.0m worth of stockOn the 10th of February, Kevin Andrew Tan bought around 500k shares on-market at roughly ₱13.97 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Kevin Andrew's only on-market trade for the last 12 months.
New Risk • Dec 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
Declared Dividend • Nov 15Third quarter dividend of ₱0.25 announcedShareholders will receive a dividend of ₱0.25. Ex-date: 28th November 2025 Payment date: 19th December 2025 Dividend yield will be 7.2%, which is about the same as the industry average.
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ₱0.26 (vs ₱0.26 in 3Q 2024)Third quarter 2025 results: EPS: ₱0.26 (in line with 3Q 2024). Revenue: ₱1.43b (up 86% from 3Q 2024). Net income: ₱959.3m (up 33% from 3Q 2024). Profit margin: 67% (down from 94% in 3Q 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Office REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Sep 16Now 21% undervaluedOver the last 90 days, the stock has risen 1.3% to ₱13.96. The fair value is estimated to be ₱17.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 0.3% in the next 2 years.
Buy Or Sell Opportunity • Aug 27Now 20% undervaluedOver the last 90 days, the stock has risen 8.5% to ₱14.80. The fair value is estimated to be ₱18.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 0.3% in the next 2 years.
Declared Dividend • Aug 14Second quarter dividend of ₱0.25 announcedShareholders will receive a dividend of ₱0.25. Ex-date: 27th August 2025 Payment date: 11th September 2025 Dividend yield will be 7.0%, which is lower than the industry average of 7.5%.
Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: ₱0.26 (vs ₱0.26 in 2Q 2024)Second quarter 2025 results: EPS: ₱0.26 (in line with 2Q 2024). Revenue: ₱1.03b (up 29% from 2Q 2024). Net income: ₱965.8m (up 31% from 2Q 2024). Profit margin: 94% (up from 93% in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Office REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Aug 12MREIT, Inc., Annual General Meeting, Sep 29, 2025MREIT, Inc., Annual General Meeting, Sep 29, 2025, at 14:00 W. Australia Standard Time.
Recent Insider Transactions • Jun 26President recently bought ₱1.4m worth of stockOn the 18th of June, Jose Arnulfo Batac bought around 100k shares on-market at roughly ₱13.77 per share. This transaction increased Jose Arnulfo's direct individual holding by 100x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jose Arnulfo's only on-market trade for the last 12 months.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: ₱0.26 (vs ₱0.26 in 1Q 2024)First quarter 2025 results: EPS: ₱0.26. Revenue: ₱1.34b (up 60% from 1Q 2024). Net income: ₱963.1m (up 31% from 1Q 2024). Profit margin: 72% (down from 88% in 1Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Office REITs industry in Asia.
お知らせ • Apr 10MREIT, Inc., Annual General Meeting, May 30, 2025MREIT, Inc., Annual General Meeting, May 30, 2025, at 14:00 W. Australia Standard Time.
Declared Dividend • Mar 08Fourth quarter dividend of ₱0.25 announcedShareholders will receive a dividend of ₱0.25. Ex-date: 20th March 2025 Payment date: 4th April 2025 Dividend yield will be 7.3%, which is about the same as the industry average.
Reported Earnings • Mar 01Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: ₱1.37 (up from ₱0.062 in FY 2023). Revenue: ₱4.51b (up 40% from FY 2023). Net income: ₱3.97b (up ₱3.81b from FY 2023). Profit margin: 88% (up from 5.2% in FY 2023). Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Office REITs industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
お知らせ • Jan 16+ 1 more updateMREIT, Inc. Appoints Giancarlo V. Inacay as Chief Financial OfficerMREIT, Inc. approved the following matters in relation to list of officers of the company. The company announced the appointment of Mr. Giancarlo V. Inacav as Chief Financial Officer, effective January 16, 2025. Mr. Giancarlo V. Inacay, 30 years old, Filipino, served as Financial Director of the Company since July 2024. Prior to joining the Company, Mr. Inacay was associated with Whitestone Holdings Inc., Philippines, Bayfront Capital Advisors, Singapore and PwC Philippines. Mr. Inacay graduated from De La Salle University Manila with a degree in Applied Economics and Business Management.
New Risk • Nov 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 33% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 157% Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (33% increase in shares outstanding).
Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ₱0.26 (vs ₱0.26 in 3Q 2023)Third quarter 2024 results: EPS: ₱0.26 (in line with 3Q 2023). Revenue: ₱1.00b (up 26% from 3Q 2023). Net income: ₱719.6m (flat on 3Q 2023). Profit margin: 72% (down from 90% in 3Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Office REITs industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance.
Declared Dividend • Nov 07Second quarter dividend of ₱0.25 announcedShareholders will receive a dividend of ₱0.25. Ex-date: 15th November 2024 Payment date: 3rd December 2024 Dividend yield will be 7.3%, which is about the same as the industry average.
Buy Or Sell Opportunity • Aug 29Now 21% undervaluedOver the last 90 days, the stock has risen 3.3% to ₱12.98. The fair value is estimated to be ₱16.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 84% in 2 years. Earnings are forecast to grow by 2,358% in the next 2 years.
Declared Dividend • Aug 07First quarter dividend of ₱0.25 announcedShareholders will receive a dividend of ₱0.25. Ex-date: 15th August 2024 Payment date: 30th August 2024 Dividend yield will be 7.5%, which is about the same as the industry average.
お知らせ • Jul 30MREIT Ltd Announces the Appointment of Sadie Joanna Malim as DirectorMREIT Ltd. announced the appointment of Sadie Joanna Malim as director with effect from 1 April 2024.
お知らせ • May 16+ 1 more updateMREIT, Inc. Announces Resignation of Englebert G. Teh as Chief Financial Officer, Effective 16 May 2024The Board of Directors of MREIT, Inc. accepted the resignation of Mr. Englebert G. Teh as Chief Financial Officer of the Company effective 16 May 2024. The resignation is due to personal reasons.
Declared Dividend • May 15Fourth quarter dividend reduced to ₱0.25Dividend of ₱0.25 is 0.6% lower than last year. Ex-date: 23rd May 2024 Payment date: 14th June 2024 Dividend yield will be 7.8%, which is about the same as the industry average.
お知らせ • May 15MREIT, Inc., Annual General Meeting, Jun 26, 2024MREIT, Inc., Annual General Meeting, Jun 26, 2024, at 14:00 W. Australia Standard Time.
Price Target Changed • Mar 26Price target decreased by 8.2% to ₱16.03Down from ₱17.47, the current price target is an average from 3 analysts. New target price is 24% above last closing price of ₱12.98. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₱1.07 for next year compared to ₱0.062 last year.
Upcoming Dividend • Mar 08Upcoming dividend of ₱0.25 per shareEligible shareholders must have bought the stock before 15 March 2024. Payment date: 05 April 2024. Trailing yield: 7.3%. Within top quartile of Filipino dividend payers (5.8%). In line with average of industry peers (7.5%).
Reported Earnings • Mar 03Full year 2023 earnings released: EPS: ₱0.06 (vs ₱0.07 loss in FY 2022)Full year 2023 results: EPS: ₱0.06 (up from ₱0.07 loss in FY 2022). Revenue: ₱4.16b (up 43% from FY 2022). Net income: ₱168.3m (up ₱344.9m from FY 2022). Profit margin: 4.1% (up from net loss in FY 2022). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Office REITs industry in Asia.
Upcoming Dividend • Nov 10Upcoming dividend of ₱0.25 per share at 8.1% yieldEligible shareholders must have bought the stock before 17 November 2023. Payment date: 14 December 2023. Trailing yield: 8.1%. Within top quartile of Filipino dividend payers (5.4%). In line with average of industry peers (7.8%).
Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: ₱0.26 (vs ₱0.25 in 3Q 2022)Third quarter 2023 results: EPS: ₱0.26 (up from ₱0.25 in 3Q 2022). Revenue: ₱1.04b (up 46% from 3Q 2022). Net income: ₱713.1m (up 13% from 3Q 2022). Profit margin: 69% (down from 88% in 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Office REITs industry in Asia.
お知らせ • Oct 01MREIT, Inc. Announces Executive ChangesThe Board of Directors of MREIT, Inc. accepted the resignation of Atty. Karren Mae C. de Chavez as Compliance Officer and Data Privacy Officer of the Company effective 30 September 2023, and approved the appointment of Atty. Krizelle Marie Poblacion as Compliance Officer of the Company effective 1 October 2023. Atty. Krizelle Marie Poblacion, 37 years old, Filipino, concurrently serves as a Corporate Compliance Lawyer at Megaworld Corporation, the Company's Parent and Sponsor. Prior to joining the Megaworld Group, she was a Partner at the Poblador Bautista & Reyes Law Offices. Atty. Poblacion graduated from the Ateneo de Manila University with a degree in Economics in 2006, and obtained her Juris Doctor degree from the University of the Philippines in 2010. She was admitted to the Philippine Bar in 2011, and has more than ten years of relevant experience in legal, regulatory and compliance work.
Buying Opportunity • Sep 15Now 27% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be ₱16.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Meanwhile, the company became loss making.
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ₱0.28 (vs ₱0.27 in 2Q 2022)Second quarter 2023 results: EPS: ₱0.28 (up from ₱0.27 in 2Q 2022). Revenue: ₱1.03b (up 39% from 2Q 2022). Net income: ₱734.0m (up 6.8% from 2Q 2022). Profit margin: 71% (down from 93% in 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Office REITs industry in Asia.
Price Target Changed • Jun 01Price target decreased by 16% to ₱17.40Down from ₱20.60, the current price target is an average from 3 analysts. New target price is 26% above last closing price of ₱13.80. Stock is down 17% over the past year. The company is forecast to post earnings per share of ₱0.83 next year compared to a net loss per share of ₱0.07 last year.
Upcoming Dividend • May 17Upcoming dividend of ₱0.25 per share at 6.7% yieldEligible shareholders must have bought the stock before 24 May 2023. Payment date: 19 June 2023. Trailing yield: 6.7%. Within top quartile of Filipino dividend payers (5.8%). In line with average of industry peers (6.7%).
Board Change • Mar 28Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Antonio Llantada was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Jan 12Upcoming dividend of ₱0.24 per shareEligible shareholders must have bought the stock before 19 January 2023. Payment date: 15 February 2023. Trailing yield: 6.9%. Within top quartile of Filipino dividend payers (5.4%). In line with average of industry peers (6.9%).
お知らせ • Jan 10MREIT, Inc. Declares Dividend for the Fourth Quarter of 2022, Payable on February 15, 2023MREIT Inc. declared dividends of PHP 0.2428 per share to its shareholders based on its distributable income in the fourth quarter of 2022, payable on February 15, 2023 to stockholders on record as of January 24, 2023.
お知らせ • Jan 04MREIT, Inc. Announces Executive ChangesMREIT, Inc. informed that at its meeting held on 03 January 2023, the Board of Directors of MREIT, Inc. approved the appointment of Atty. Karren Mae C. De Chavez-Reodica as Compliance Officer and Data Protection Officer of the Company effective 04 January 2023, in view of the resignation of Ms. Cheryll B. Sereno effective 03 January 2023 due to personal reasons. Atty. Reodica is also the In-House Counsel of the Company who has more than five years of relevant experience in regulatory and compliance work.
Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₱14.48, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the REITs industry in Philippines. Total loss to shareholders of 20% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₱25.90 per share.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Antonio Llantada was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Aug 08Mreit, Inc. Approves the Declaration of Dividends for the Second Quarter of 2022MREIT's board also approved the declaration of dividends amounting to P 0.2468 per share for the second quarter of 2022, which is 1.6% higher than the previous quarter. This brings the company's annualized dividend yield to 6.2%. for the second quarter of 2022.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Antonio Llantada was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 25MREIT, Inc. Declares Dividends for the First Quarter of 2022, Payable on May 31, 2022MREIT, Inc. declared dividends of PHP 0.243 per share to its shareholders based on its income for the first quarter of 2022. The cash dividends will be payable on May 31, 2022 to stockholders on record as of May 10, 2022.
Board Change • Apr 18Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Antonio Llantada was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 06MREIT, Inc. (PSE:MREIT) agreed to acquire Four Prime, Grade A, Office Properties in PEZA-Accredited Zones for PHP 4.9 billion.MREIT, Inc. (PSE:MREIT) agreed to acquire Four Prime, Grade A, Office Properties in PEZA-Accredited Zones for PHP 4.9 billion on April 1, 2022. Under the terms of the acquisition, the properties will be exchanged for 263,700,000 MREIT primary common shares at a share price of PHP 20 per share. With these acquisitions, MREIT will have 100% ownership of the two Iloilo Business Park properties, and 80% economic interest in the two McKinley West office towers.
お知らせ • Apr 04MREIT, Inc., Annual General Meeting, May 27, 2022MREIT, Inc., Annual General Meeting, May 27, 2022, at 09:00 Singapore Standard Time. Agenda: To consider Call to Order; to Proof of Notice and Determination of Quorum; to Approval of the Minutes of the Previous Stockholders' Meetings; to Annual Report of Management; to Appointment of External Auditors; to Ratification of Acts and Resolutions of the Board of Directors, Board Committees, and Management; to Election of Directors; and to consider other matter.
お知らせ • Mar 07MREIT, Inc. Declares Dividend for the Fourth Quarter of 2021, Payable on March 31, 2022MREIT, Inc.'s Board declared dividends amounting to PHP 0.24 per share for the fourth quarter of 2021 on March 4, 2022. This compares favorably to the dividends declared by the company for the previous quarter of PHP 0.24 per share, which included a bonus dividend equivalent of PHP 0.05 for income generated by the company in June when it started operations. Total dividends paid by MREIT for 2021 now stands at PHP 0.48 per share. As of the close of trading last week, MREIT's total shareholder return since IPO stood at 25%. The dividends shall be payable on March 31, 2022 to shareholders on record as of March 18, 2022.
