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Showing posts with label megaworld. Show all posts
Showing posts with label megaworld. Show all posts
Thursday, July 14, 2022

Fall of a giant: Ayala Land loses premium as Sy-blings’ SM Prime, Frederick Go’s Robinsons Land take top spot among property stocks – JP Morgan

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  JP Morgan is projecting a seismic shift in Philippine property stocks with former industry leader Ayala Land Inc. losing its premium valua...
Friday, May 6, 2022

Andrew Tan’s REIT posts 18% rise in distributable net income

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  MREIT, the real estate investment trust of ultra bilyonaryo Andrew Tan’s Megaworld Corp., chalked up distributable income of P639 million ...
Tuesday, April 12, 2022

Andrew Tan’s leisure unit bounces back with positive growth numbers: GERI posts P1.3B earnings in 2021

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The leisure estate development arm of ultra bilyonaryo Andrew Tan, Global-Estate Resorts Inc. (GERI) swung back to positive territory with p...
Friday, March 11, 2022

Andrew Tan’s Megaworld swings to positive growth, earns P13.4B profit in 2021

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Megaworld Corp., the property arm of bilyonaryo Andrew Tan, returned to familiar ground with a 36 percent jump in profit last year. In a sta...
Monday, March 7, 2022

Andrew Tan’s MREIT books P2B profit in first 6 months of operations

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 Megaworld-backed MREIT Inc. posted a net income of P2 billion in the six months ending December last year, boosted by a fair value gain on ...
Friday, January 28, 2022

Kevin Tan bulks up MREIT’s portfolio with the infusion of P20B worth of office assets

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 The real estate investment trust (REIT) unit of township developer Megaworld will see its portfolio expand to P78.5 billion this year with ...
Thursday, January 20, 2022

Andrew Tan strikes deal with Boy Reyno to buy P1.9B Manila Jockey lot

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Bilyonaryo Andrew Tan is further expanding Megaworld Corp.’s presence in Manila with the planned purchase of a 2.2 hectare property owned by...
Saturday, January 1, 2022

Converge, Wilcon, Globe rule index stocks in 2021; investors lose the most in JG Summit, LT Group, Megaworld

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 Investors who stuck with bilyonaryo Dennis Anthony Uy had the biggest payoff in 2021. The Pampanga businessman’s Converge ICT Solutions (CN...

Andrew Tan’s MREIT to invest in townships, logistics

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The real estate investment trust (REIT) of bilyonaryo Andrew Tan’s Megaworld Corp. is diversifying its portfolio to include townships as wel...
Thursday, December 2, 2021

Andrew Tan prepping for tourism’s rebound: Megaworld selling P5B worth of boutique hotel, commercial lots in Palawan

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Megaworld is eyeing to generate around P5 billion from the sale of lots in its planned Mercato Shophouse and Porto Hotel District in San Vic...
Saturday, November 13, 2021

Kevin Tan pleased with Megaworld’s strong Q3 showing

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Benefiting from the resurgence in demand for residential properties, Megaworld saw its third quarter net income surge 57% to P3.2 billion du...
Thursday, November 11, 2021

Kevin Tan pleased with Megaworld’s strong Q3 showing

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Benefiting from the resurgence in demand for residential properties, Megaworld saw its third quarter net income surge 57% to P3.2 billion du...
Tuesday, October 26, 2021

Andrew Tan’s office buildings see upswing in demand in first 9 months

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As cities spring back to life following the easing of movement restrictions, bilyonaryo Andrew Tan’s property arm Megaworld Corp. has seen a...
Monday, October 4, 2021

MREIT delivers best first-day returns among REITs

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Megaworld-sponsored MREIT Inc. had a solid stock market debut last week, closing nearly four percent higher than its initial offer price, ...
Monday, September 20, 2021

Megaworld to develop P40B eco-tourism estate in Palawan

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Betting big on tourism regaining its footing, bilyonaryo Andrew Tan’s Megaworld Corp. is spending P40 billion in the next 10 to 15 years to...
Friday, September 17, 2021

Overwhelming response: MREIT IPO attracts steady stream of investors

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The initial public offering of Megaworld-sponsored MREIT Inc. is shaping up to be a big success. In an interview with ANC, BDO Capital presi...
Tuesday, September 14, 2021

REIT dividend yield to continue luring investors

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HAVING an attractive dividend yield will continue to lure investors to real estate investment trust (REIT) listings despite cautious sentime...
Monday, September 13, 2021

Kevin Tan: MREIT IPO’s institutional tranche 2x oversubscribed

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  The institutional tranche of MREIT Corp.’s initial public offering is twice oversubscribed, reflecting healthy investor interest for the...
Friday, September 10, 2021

Frederick Go’s RLC still biggest REIT IPO after Megaworld lowers MREIT offer

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Megaworld-sponsored MREIT Inc. cut the size of its initial public offering by nearly a quarter and priced it below the P22 maximum price i...
Sunday, September 5, 2021

GERI zooms up nearly 50% as Andrew Tan forges ahead with plan to build ‘tiny’ casino in Boracay

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Global-Estate Resorts, Inc. (GERI) nearly hit the ceiling as local investors placed their bets on bilyonaryo Andrew Tan’s plan to put up a c...