Slide 1: First Half 2025 Analysts' Briefing
FIRST HALF 2025 ANALYSTS’ BRIEFING
Slide 2: Market Update
MARKET NEW LEASES (‘000 sqm) UPDATE 604,000 sqm • Colliers reported that new office Ortigas 72 leases in the Philippines reached 604,000 sqm in 1H2025, slightly up Makati 92 from 580,000 sqm in 1H2024. • The vacancy rate increased to Taguig 111 20.0% in 1H2025 from 18.3% in 1H2024, showing a rise in
Slide 3: Operating Highlights
OPERATING TENANT MIX HIGHLIGHTS BPO TRADITIONAL RETAIL HOTEL 80% 15% 3% 2% 7% 7% OCCUPANCY RATE 89% 7% TENANT BREAKDOWN 4% WALE (by GLA) 4% (WEIGHTED AVERAGE LEASE EXPIRY) 58% 3% 3% 3.2 YEARS 3% 2% TOTAL TRANSACTIONS 2% TOP 10 TENANTS 59,900 SQM (42%)
Slide 4: Financial Performance
FINANCIAL PERFORMANCE In PHP millions 1H2025 1H2024 YoY% 2Q2025 2Q2024 YoY% Revenues 2,702 2,107 28% 1,361 1,031 32% Direct Operating Costs -511 -491 4% -259 -217 19% RENTAL INCOME VS Gen. & Admin. Expense -24 -26 -10% -12 -14 -19% DISTRIBUTABLE INCOME Net Operating Income 2,167 1,591 36% 1,091 799
Slide 5: Dividend Declaration
DIVIDEND DIVIDEND DECLARATION PER SHARE Dividend Yield DIVIDEND PER SHARE 6.9% based on PHP 0.250478 12 AUGUST 2025 closing price PAYMENT DATE 0.2505 0.25047 0.25048 0.2476 0.2476 0.2474 0.2489 0.2468 0.2444 0.2428 0.2460 0.2460 0.2460 11 SEPTEMBER 2025 0.2400 0.2399 0.2430 3Q21 4Q21 1Q22 2Q22 3Q22
Slide 6: Diversified Portfolio, Sustained Expansion
DIVERSIFIED SUSTAINED EXPANSION PORTFOLIO POST-ACQUISITION VALUE 482k ASSET UNDER MANAGEMENT PHP 76 BILLION 325k 281k INCREASE SINCE IPO 224k 48% 55% 16% 25% 1Q22 Wave 1 Wave 2 Wave 3 The addition of assets in McKinley West, Davao Park District, and Iloilo Business Park reinforces MREIT’s unique pos
Slide 7: Our Target: One Million sqm GLA
OUR TARGET ONE 482k 600k MILLION 224k SQM GLA SQM GLA SQM GLA SQM GLA accelerated by 3 years IPO 2024 2025 2027 Target milestone accelerated by 3 years — MREIT is now on track to reach 1,000,000 sqm of GLA by 2027
Slide 8: Large Pipeline for Growth
LARGE PIPELINE FOR GROWTH OFFICE GLA RETAIL GLA HOTEL (‘000 sqm) (‘000 sqm) (room keys) 100 151 1,068 3,346 490 449 26.6 149 MEG & Affiliates MREIT Portfolio MEG Pipeline Portfolio
Slide 9: MREIT Highlight
MREIT HIGHLIGHT MREIT, Inc. has partnered with coworking leader Common Ground to launch the Digital Park at McKinley Hill - an innovation hub offering flexible workspaces, event areas, and startup incubators. This pilot 9 project is set to expand to other Megaworld townships, including Eastwood City
Slide 10: Our Takeaway
OUR TAKEAWAY • Strong rental income growth, driven by the contribution of Wave 3 assets and steady rental escalations across MREIT’s prime office portfolio. • First-half distributable income rose 26% year-on-year to P1.9 billion, while revenues climbed 28% to P2.7 billion, reflecting the sustained m
Slide 11: First Half 2025 Analysts' Briefing
FIRST HALF 2025 ANALYSTS’ BRIEFING