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MREIT, Inc., the real estate investment trust of property giant Megaworld Corporation, announced that it has received regulatory approval to increase its authorized capital stock (ACS) to P8 billion from P5 billion, allowing the company to move forward with preparations for its next wave of property infusions.

This approval strengthens MREIT’s capital framework and allows the company to begin the process of issuing new shares for future acquisitions. As previously disclosed, MREIT is evaluating 10 office properties—nine in McKinley Hill and one in Eastwood City—totaling approximately 198,500 square meters of gross leasable area for potential infusion.

Once completed, this infusion would expand MREIT’s portfolio by about 41% to 680,000 square meters, from its existing 482,000 square meters. Megaworld, MREIT’s sponsor, will still have around 900,000 square meters of office and retail assets that are not yet part of MREIT, ensuring a strong runway for future growth rounds.

Following this next round of office acquisitions, MREIT will begin preparing for the inclusion of select retail assets to support portfolio diversification. The move will allow MREIT investors to benefit from Megaworld’s strong mall business, backed by record-high occupancy and sustained growth in foot traffic, subject to appropriate valuations and regulatory requirements. This forms part of MREIT’s broader strategy to expand its income streams and enhance long-term stability.

“With the approval of our ACS increase, we are now structurally positioned to pursue the next phase of our growth strategy,” said Jose Arnulfo C. Batac, President and CEO, MREIT, Inc. “This milestone allows us to prepare for fresh acquisitions that will further scale our portfolio and support long-term value creation for our shareholders.”

MREIT’s portfolio consists of prime, income-generating office assets located within Megaworld townships such as Eastwood City, McKinley Hill, McKinley West, Iloilo Business Park, and Davao Park District. The company remains focused on delivering stable dividends and accretive acquisitions as it progresses toward its target of one million square meters of GLA by 2027.