MREIT (MREIT) 주식 개요는 부동산 투자 신탁으로 운영됩니다. 자세히 보기MREIT 펀더멘털 분석스노우플레이크 점수가치 평가4/6미래 성장2/6과거 실적2/6재무 건전성4/6배당2/6강점공정 가치 추정치보다 낮은 30.6% 에서 거래수익은 매년 6.91% 증가할 것으로 예상됩니다.지난 5년 동안 수입이 매년 20.7% 증가했습니다.위험 분석7.18%의 배당금은 수익이나 자유현금흐름으로 잘 충당되지 않습니다.지난 1년 동안 주주가 희석되었습니다.모든 위험 점검 보기MREIT Community Fair Values Create NarrativeSee what 257 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₱Current Price₱13.961.5% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-133m11b2016201920222025202620282031Revenue ₱10.9bEarnings ₱11.2bAdvancedSet Fair ValueView all narrativesMREIT, Inc. 경쟁사RL Commercial REITSymbol: PSE:RCRMarket cap: ₱135.7bAREITSymbol: PSE:AREITMarket cap: ₱144.9bFilinvest REITSymbol: PSE:FILRTMarket cap: ₱19.2bDDMP REITSymbol: PSE:DDMPRMarket cap: ₱18.7b가격 이력 및 성과MREIT 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가₱13.9652주 최고가₱15.0452주 최저가₱13.20베타0.141개월 변동0%3개월 변동-2.10%1년 변동2.35%3년 변동-2.38%5년 변동n/aIPO 이후 변동-16.41%최근 뉴스 및 업데이트Reported 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.공시 • 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.더 많은 업데이트 보기Recent 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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%).공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.주주 수익률MREITPH Office REITsPH 시장7D-0.3%-0.6%0.2%1Y2.3%1.6%-11.0%전체 주주 수익률 보기수익률 대 산업: MREIT은 지난 1년 동안 1.6%의 수익을 기록한 PH Office REITs 산업과 동일한 성과를 보였습니다.수익률 대 시장: MREIT은 지난 1년 동안 -11%를 기록한 PH 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is MREIT's price volatile compared to industry and market?MREIT volatilityMREIT Average Weekly Movement2.1%Office REITs Industry Average Movement2.5%Market Average Movement5.2%10% most volatile stocks in PH Market9.9%10% least volatile stocks in PH Market2.9%안정적인 주가: MREIT는 지난 3개월 동안 PH 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: MREIT의 주간 변동성(2%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트n/an/aJose Arnulfo Batacmreit.com.ph는 부동산 투자 신탁으로 운영됩니다. 이 회사는 필리핀에 있는 10개의 사무실 및 상업용 자산 포트폴리오를 임대하고 있습니다. 이 회사는 부동산 투자 신탁으로 과세하기로 결정했습니다.더 보기MREIT, Inc. 기초 지표 요약MREIT의 순이익과 매출은 시가총액과 어떻게 비교됩니까?MREIT 기초 통계시가총액₱65.88b순이익 (TTM)₱4.72b매출 (TTM)₱4.59b14.0x주가수익비율(P/E)14.4x주가매출비율(P/S)MREIT는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표MREIT 손익계산서 (TTM)매출₱4.59b매출원가₱1.20b총이익₱3.39b기타 비용-₱1.33b순이익₱4.72b최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)1.00총이익률73.84%순이익률102.74%부채/자본 비율8.6%MREIT의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당7.2%현재 배당 수익률130%배당 성향MREIT는 안정적으로 배당을 지급합니까?MREIT 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 MREIT를 매수해야 하나요?MREIT 배당 일정배당락일May 14 2026배당 지급일May 29 2026배당락일까지 남은 일수13 days배당 지급일까지 남은 일수2 daysMREIT는 안정적으로 배당을 지급합니까?MREIT 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 10:53종가2026/05/26 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스MREIT, Inc.는 4명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관John Renz AlvaradoCLSARachelle Anne BiacoraCOL Financial Group, Incnull nullDBS Bank Ltd1명의 분석가 더 보기
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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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%).
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
