// Our Company
We operate as a Real Estate Investment Trust (REIT).
MREIT, Inc. a company designated by Megaworld Corporation to operate as a Real Estate Investment Trust (REIT), leases a portfolio of ten (10) office and commercial assets to a diversified tenant base across the Philippines with an aggregate gross leasable area of 224,430.8 square meters.
The REIT Law defines a REIT as a stock corporation established in accordance with the Corporation Code of the Philippines and the rules and regulations promulgated by the Securities and Exchange Commission of the Philippines principally for the purpose of owning income-generating real estate assets. Although under the REIT Law, such entity is called a “trust,” the term was adopted for the sole purpose of aligning with global best practices and terminology, and a REIT organized under Philippine laws is subject to the Corporation Code as a stock corporation and does not operate under the same regime as trusts generally under applicable laws and regulations governing trusts.