MREIT Income Statement

Financials in millions PHP. Fiscal year is January - December.

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	4,589	4,281	3,464	3,223	2,918	2,395
Total Revenue	4,663	4,281	3,464	3,223	2,918	2,395
Revenue Growth (YoY	17.52%	23.57%	7.47%	10.47%	21.83%	513.96%
Property Expenses	1,200	1,169	978.3	940.57	676.21	445.98
Selling, General & Administrative	28.47	28.47	40.82	26.83	15.31	12.12
Depreciation & Amortization	-	-	0.04	0.03	0.03	-
Other Operating Expenses	-1,233	-1,254	-997.7	-897.78	-708.91	-519.29
Total Operating Expenses	-3.99	-57	21.46	69.64	-17.37	-61.19
Operating Income	4,667	4,338	3,443	3,154	2,935	2,456
Interest Expense	-533.03	-530.06	-304.38	-306.98	-309.09	-47.67
Interest & Investment Income	21.55	33.69	50.17	64.69	23.04	16.75
Other Non-Operating Income	-77.94	-76.42	4.56	1.69	0.69	-
EBT Excluding Unusual Items	4,077	3,765	3,193	2,913	2,650	2,425
Asset Writedown	640.86	640.86	790.42	-2,732	-2,822	1,404
Pretax Income	4,718	4,406	3,983	180.93	-172.2	3,829
Income Tax Expense	3.13	6.06	9.57	12.59	4.35	-199.16
Net Income	4,715	4,400	3,974	168.34	-176.55	4,028
Net Income to Common	4,715	4,400	3,974	168.34	-176.55	4,028
Net Income Growth	12.16%	10.71%	2260.57%	-	-	518.79%
Basic Shares Outstanding	3,980	3,722	2,904	2,730	2,532	2,532
Diluted Shares Outstanding	3,980	3,722	2,904	2,730	2,532	2,532
Shares Change (YoY)	27.11%	28.17%	6.37%	7.81%	-	-
EPS (Basic)	1.18	1.18	1.37	0.06	-0.07	1.59
EPS (Diluted)	1.18	1.18	1.37	0.06	-0.07	1.59
EPS Growth	-11.76%	-13.62%	2119.17%	-	-	518.80%
Dividend Per Share	-	-	0.993	0.987	0.977	-
Dividend Growth	-	-	0.57%	1.04%	-	-
Operating Margin	100.09%	101.33%	99.38%	97.84%	100.59%	102.55%
Profit Margin	101.12%	102.78%	114.71%	5.22%	-6.05%	168.20%
EBITDA	-	4,338	3,443	3,154	2,935	-
EBITDA Margin	-	101.33%	99.38%	97.84%	100.60%	-
D&A For Ebitda	-	0.04	0.04	0.03	0.03	-
EBIT	4,667	4,338	3,443	3,154	2,935	2,456
EBIT Margin	100.09%	101.33%	99.38%	97.84%	100.59%	102.55%
Effective Tax Rate	0.07%	0.14%	0.24%	6.96%	-	-
Revenue as Reported	5,962	5,580	4,513	4,157	3,649	2,921

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.