MREIT (MREIT) Stock Overview

Operates as a real estate investment trust. More details

MREIT fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	3/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 37.6% below our estimate of its fair value

Revenue is forecast to grow 19.65% per year

Earnings grew by 2357.5% over the past year

Risk Analysis

Shareholders have been substantially diluted in the past year

Large one-off items impacting financial results

MREIT Community Fair Values

Create Narrative

See what 193 others think this stock is worth. Follow their fair value or set your own to get alerts.

MREIT, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for MREIT
Historical stock prices
Current Share Price	₱13.78
52 Week High	₱14.04
52 Week Low	₱12.60
Beta	0.13
1 Month Change	0.58%
3 Month Change	0.58%
1 Year Change	9.02%
3 Year Change	-11.67%
5 Year Change	n/a
Change since IPO	-17.49%

Recent updates

Shareholder Returns

	MREIT	PH Office REITs	PH Market
7D	0.6%	0.6%	0.7%
1Y	9.0%	17.5%	10.2%

Return vs Industry: MREIT underperformed the PH Office REITs industry which returned 17.5% over the past year.

Return vs Market: MREIT underperformed the PH Market which returned 10.2% over the past year.

Price Volatility

Is MREIT's price volatile compared to industry and market?
MREIT volatility
MREIT Average Weekly Movement	1.6%
Office REITs Industry Average Movement	1.7%
Market Average Movement	5.3%
10% most volatile stocks in PH Market	10.5%
10% least volatile stocks in PH Market	2.8%

Stable Share Price: MREIT has not had significant price volatility in the past 3 months compared to the PH market.

Volatility Over Time: MREIT's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Kevin Andrew Tan	mreit.com.ph

MREIT, Inc. operates as a real estate investment trust. It leases a portfolio of 10 office and commercial assets in the Philippines. The company has elected to be taxed as a real estate investment trust.

MREIT, Inc. Fundamentals Summary

How do MREIT's earnings and revenue compare to its market cap?
MREIT fundamental statistics
Market cap	₱51.29b
Earnings (TTM)	₱4.20b
Revenue (TTM)	₱3.65b

12.2x

P/E Ratio

14.1x

P/S Ratio

Is MREIT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MREIT income statement (TTM)
Revenue	₱3.65b
Cost of Revenue	₱957.36m
Gross Profit	₱2.69b
Other Expenses	-₱1.52b
Earnings	₱4.20b

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	1.13
Gross Margin	73.74%
Net Profit Margin	115.31%
Debt/Equity Ratio	10.9%

How did MREIT perform over the long term?

See historical performance and comparison

Dividends

7.2%

Current Dividend Yield

78%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/18 20:45
End of Day Share Price	2025/06/18 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MREIT, Inc. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John Renz Alvarado	CLSA
Danielo Picache	Credit Suisse
null null	DBS Bank Ltd

MREIT (MREIT) Stock Overview

Rewards

Risk Analysis

MREIT, Inc. Competitors

Filinvest REIT

RL Commercial REIT

DDMP REIT

AREIT

Price History & Performance

Recent News & Updates

First quarter 2025 earnings released: EPS: ₱0.26 (vs ₱0.26 in 1Q 2024)

MREIT, Inc., Annual General Meeting, May 30, 2025

Fourth quarter dividend of ₱0.25 announced

Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

MREIT, Inc. Appoints Giancarlo V. Inacay as Chief Financial Officer

New minor risk - Shareholder dilution

Recent updates

First quarter 2025 earnings released: EPS: ₱0.26 (vs ₱0.26 in 1Q 2024)

MREIT, Inc., Annual General Meeting, May 30, 2025

Fourth quarter dividend of ₱0.25 announced

Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

MREIT, Inc. Appoints Giancarlo V. Inacay as Chief Financial Officer

New minor risk - Shareholder dilution

Third quarter 2024 earnings released: EPS: ₱0.26 (vs ₱0.26 in 3Q 2023)

Second quarter dividend of ₱0.25 announced

Now 21% undervalued

First quarter dividend of ₱0.25 announced

MREIT Ltd Announces the Appointment of Sadie Joanna Malim as Director

MREIT, Inc. Announces Resignation of Englebert G. Teh as Chief Financial Officer, Effective 16 May 2024

Fourth quarter dividend reduced to ₱0.25

MREIT, Inc., Annual General Meeting, Jun 26, 2024

Price target decreased by 8.2% to ₱16.03

Upcoming dividend of ₱0.25 per share

Full year 2023 earnings released: EPS: ₱0.06 (vs ₱0.07 loss in FY 2022)

Upcoming dividend of ₱0.25 per share at 8.1% yield

Third quarter 2023 earnings released: EPS: ₱0.26 (vs ₱0.25 in 3Q 2022)

MREIT, Inc. Announces Executive Changes

Now 27% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: ₱0.28 (vs ₱0.27 in 2Q 2022)

Price target decreased by 16% to ₱17.40

Upcoming dividend of ₱0.25 per share at 6.7% yield

Less than half of directors are independent

Upcoming dividend of ₱0.24 per share

MREIT, Inc. Declares Dividend for the Fourth Quarter of 2022, Payable on February 15, 2023

MREIT, Inc. Announces Executive Changes

Investor sentiment improved over the past week

Less than half of directors are independent

Mreit, Inc. Approves the Declaration of Dividends for the Second Quarter of 2022

Less than half of directors are independent

MREIT, Inc. Declares Dividends for the First Quarter of 2022, Payable on May 31, 2022

Less than half of directors are independent

MREIT, Inc. (PSE:MREIT) agreed to acquire Four Prime, Grade A, Office Properties in PEZA-Accredited Zones for PHP 4.9 billion.

MREIT, Inc., Annual General Meeting, May 27, 2022

MREIT, Inc. Declares Dividend for the Fourth Quarter of 2021, Payable on March 31, 2022

Shareholder Returns

Price Volatility

About the Company

MREIT, Inc. Fundamentals Summary

Earnings & Revenue

Dividends

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources