MREIT posts record Q1 income of P1.25B

MANILA, Philippines — MREIT Inc., the real estate investment trust of developer Megaworld Corp., reported a record P1.25-billion distributable income in the first quarter, up 34 percent, driven by portfolio expansion. In a disclosure on Thursday, MREIT said its revenues rose 29 percent to P1.72 billion, while net operating income margin improved to 81.6 percent from