MREIT, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 08, 2022 at 05:51 am IST
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MREIT, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 726.64 million. Revenue was PHP 892.86 million. Net income was PHP 676.78 million. Basic earnings per share from continuing operations was PHP 0.27. Diluted earnings per share from continuing operations was PHP 0.27.
For the six months, sales was PHP 1,469.36 million. Revenue was PHP 1,794.43 million. Net income was PHP 1,363.95 million. Basic earnings per share from continuing operations was PHP 0.54. Diluted earnings per share from continuing operations was PHP 0.54.
MREIT, Inc. is a Philippines-based company, which operates as a real estate investment trust (REIT). The Company seeks to secure income growth and provide a competitive investment return to the investors through present and future portfolio. Its objectives are primarily to own and invest in income-producing commercial portfolio of office, retail, and hotel properties in the Philippines. The Companyâs investment properties include several buildings for mixed-use, which are being leased out as office, retail, and hotel, including the hotelâs parking spaces. The Company's properties include Eastwood City, Iloilo Business Park, and McKinley Hill. Iloilo Business Park is an integrated urban township in a 72-hectare property in the bustling district of Mandurriao, Iloilo City. McKinley Hill is an integrated urban township on 50 hectares of land inside Fort Bonifacio, a former military camp in Taguig City.
MREIT, INC. 
