MREIT, Inc. Declares Cash Dividend, Payable on June 14, 2024
May 12, 2024 at 08:28 pm EDT
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MREIT, Inc. declared cash dividends of PHP 0.2460 per share to its shareholders based on its distributable income in the first quarter 2024. The dividends will be payable on June 14, 2024 to shareholders on record as of May 24, 2024. Annualized, this brings MREIT's dividend yield to 7.6%, as of the closing share price of PHP 12.94 per share on May 10, 2024.
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, McKinley Hill, and McKinley West. Iloilo Business Park is an integrated urban township of approximately 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. 
