Slide 1: Nine Months 2025 Analysts' Briefing
NINE MONTHS 2025 ANALYSTS’ BRIEFING
Slide 2: Market Office Demand Update
MARKET OFFICE DEMAND UPDATE 689,300 sqm #1 MARKET SHARE • CBRE reported that the overall office demand in the Philippines 20% reached 689,300 sqm in 9M2025, MEG up from 632,400 sqm in 9M2024. 36% Boutique • The vacancy rate in Metro Manila increased to 20.8% in 9M2025 689,300 from 19.9% in 9M2024, s
Slide 3: Operating Highlights
OPERATING TENANT MIX HIGHLIGHTS BPO TRADITIONAL RETAIL HOTEL 79% 16% 3% 2% 7% 7% OCCUPANCY RATE 7% 91.6% TENANT BREAKDOWN 4% WALE (by GLA) 4% (WEIGHTED AVERAGE LEASE EXPIRY) 60% 3% 2% 3.08 YEARS 2% 2% 2% TOP 10 TOTAL TRANSACTIONS TENANTS 70,000 SQM (40%)
Slide 4: Financial Performance
FINANCIAL PERFORMANCE In PHP millions 9M2025 9M2024 YoY% 3Q2025 3Q2024 YoY% Revenues 4,129 3,111 33% 1,427 1,003 42% Direct Operating Costs -830 -694 20% -319 -204 57% RENTAL INCOME VS Gen. & Admin. Expense -36 -40 -9% -13 -13 -6% DISTRIBUTABLE INCOME Net Operating Income 3,262 2,377 37% 1,095 786 3
Slide 5: Dividend Declaration
DIVIDEND DIVIDEND DECLARATION PER SHARE Dividend Yield DIVIDEND PER SHARE 7.3% based on PHP 0.250478 12 NOVEMBER 2025 closing price PAYMENT DATE 0.2505 0.25047 0.25048 0.25048 0.2476 0.2476 0.2474 0.2489 0.2468 19 DECEMBER 2025 0.2400 0.2399 0.2430 0.2444 0.2428 0.2460 0.2460 0.2460 3Q21 4Q21 1Q22 2
Slide 6: Planned Infusion
PLANNED INFUSION SCIENCE HUB TOWER 1 SCIENCE HUB TOWER 4 ONE CAMPUS PLACE BLDG B 21,547 SQM 20,691 SQM 10,635 SQM SCIENCE HUB TOWER 3 8 CAMPUS PLACE A 8 CAMPUS PLACE B 20,450 SQM 9,860 SQM 9,332 SQM SOUTHEAST ASIAN CAMPUS 8 CAMPUS PLACE C ONE CAMPUS PLACE BLDG A 50,094 SQM 9,991 SQM 11,449 SQM GLOBA
Slide 7: Diversified Portfolio, Sustained Expansion
DIVERSIFIED SUSTAINED EXPANSION PORTFOLIO POST-ACQUISITION VALUE 680k *upon approval of asset infusion ASSET UNDER MANAGEMENT 482k PHP 96 BILLION 41% INCREASE SINCE IPO 325k 281k 100% 224k 48% 16% 25% 1Q22 Wave 1 Wave 2 Wave 3 Wave 4 Upon approval of the infusion of assets located in McKinley Hill a
Slide 8: Portfolio Overview
PORTFOLIO OVERVIEW POST-ACQUISITION Buildings Buildings Buildings 8 Buildings Buildings 4 Offices 15 Offices 5 Offices 9 Offices, 1 Hotel 1 Office GLA (sqm) GLA (sqm) GLA (sqm) GLA (sqm) GLA (sqm) 123,730 301,457 113,862 114,682 26,074 PRE-ACQUISITION: 482,000 POST-ACQUISITION: 680,000
Slide 9: Our Target One Million SQM GLA
OUR TARGET 750k ONE 482k 680k SQM GLA MILLION 224k SQM GLA SQM GLA SQM GLA SQM GLA IPO 2024 1H26 2H26 2027 retail asset infusion By the 1H2026, MREIT is targeting 680,000 sqm of GLA, and 750,000 sqm by the 2H2026, as the company accelerates its milestone by three years — now on track to reach 1,000,
Slide 10: Large Pipeline for Growth
LARGE PIPELINE FOR GROWTH OFFICE GLA RETAIL GLA HOTEL (‘000 sqm) (‘000 sqm) (room keys) 89 157 1,068 3,672 490 449 26.6 149 MEG & Affiliates MREIT Portfolio MEG Pipeline Portfolio
Slide 11: MREIT Highlight: Teleperformance Philippines Headquarters
MREIT HIGHLIGHT Teleperformance Philippines Move its Headquarters in Taguig’s 6 West Campus — Boosting Office Leasing Prospects for MREIT The launch of Teleperformance Philippines’s 27th site and their 11 new headquarters, the 6 West Campus, underscores rising demand in the office space market — a s
Slide 12: MREIT Highlight: Golden Arrow Awards
MREIT HIGHLIGHT MREIT bags two Golden Arrows, while Megaworld secures three, highlighting our commitment to top-tier corporate governance. 12
Slide 13: 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 nine months distributable income rose 27% year-on-year to P2.8 billion, while revenues climbed 33% to P4.1 billion, reflecting the sust
Slide 14: Nine Months 2025 Analysts' Briefing
NINE MONTHS 2025 ANALYSTS’ BRIEFING