EXCERPT

Mreit Inc., the real estate investment trust (REIT) of Megaworld Corp., said its income for the first three months of the year came in at P687.2 million, while revenues reached P901.6 million.

At the end of 2021, the company had a net income of P2 billion and revenues of P1.46 billion as it completed the acquisition of properties from its sponsor Megaworld.

Mreit had its stock market debut in the middle of last year.

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