“For our next infusion, we are already considering properties from townships in key growth areas outside of Metro Manila where MREIT does not have a presence yet. This will further diversify our portfolio and allow us to tap into other growth centers around the country,” MREIT President and Chief Executive Kevin L. Tan said in a statement.
The firm said that it is maximizing shareholder value by increasing revenue generation from its existing portfolio, improving operational efficiency, and accelerating its acquisition plans. The real estate investment trust said that it started its expansion initiative after it listed in October 2021. It had acquired four properties before the yearend for a total consideration of P9.1 billion.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
7 illegal online cockfighting websites shuttered - BusinessWorld OnlineTHE PHILIPPINES’ Interior department on Wednesday shut down seven online cockfighting websites amid a crackdown of a multibillion-peso industry that President Rodrigo R. Duterte banned early this month.
Source: bworldph - 🏆 9. / 68 Read more »
BW Lounge on ViberNever miss a beat! Join BusinessWorld's interactive Viber Community to be updated with business contents and to grow your network. Enter The Lounge:
Source: bworldph - 🏆 9. / 68 Read more »
IMF’s Georgieva: ‘Trend of fragmentation is strong’ - BusinessWorld OnlineDAVOS, Switzerland — International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Wednesday said she worries less about the risk that the war in Ukraine and a further slowdown in China might trigger a global recession than she does about the strength of the trend toward economic and political fragmentation. The IMF last month slashed […]
Source: bworldph - 🏆 9. / 68 Read more »
Women’s health app partners with TikTok docs - BusinessWorld OnlineEase Healthcare, a women’s health platform, has partnered with doctor influencers on TikTok to raise awareness on contraception in the Philippines. READ:
Source: bworldph - 🏆 9. / 68 Read more »
[B-SIDE PODCAST] Trolls, TikTok, and the 2022 elections - BusinessWorld OnlineFollow us on Spotify BusinessWorld B-Side The use of social media platforms such as Facebook, Twitter, and YouTube during the 2022 elections in the Philippines has exacerbated polarization and personality-oriented politics. In this B-Side episode, Jonathan C. Ong, associate professor of global digital media at the University of Massachusetts Amherst, explains to BusinessWorld senior reporter Arjay L. Balinbin how disinformation […]
Source: bworldph - 🏆 9. / 68 Read more »
PSE warns firms on possible trading suspension - BusinessWorld OnlineTHE Philippine Stock Exchange (PSE) announced that 11 companies are at risk of being suspended from trading due to their noncompliance with the submission of financial reports.
Source: bworldph - 🏆 9. / 68 Read more »