Tag: Kevin L. Tan
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Strong real estate sales, office rentals, and hotel revenues led Megaworld’s growth last year Megaworld, the country’s largest developer of integrated urban townships, grew its net income by 36% to P14.4-billion last year from P10.6-billion recorded in 2020, just as the company registered gains in line with the improving business environment. Net income attributable to…
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Overturning the anticipated effects of the coronavirus pandemic, Megaworld has reported that it booked around 415,000 square meters of office leases since the start of the pandemic early last year. Around 60% of these lease contracts booked since last year were renewals while the remaining 40% were new leases, mostly from the information technology (IT)…
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Company to use planned REIT proceeds to finance these projects in 11 townships Following its filing of registration statement for the planned biggest Real Estate Investment Trust (REIT) offering, Andrew Tan-led property giant Megaworld is strengthening its development pipeline in the next five years as it looks on investing the proceeds from the offer to…
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Company remains optimistic of ‘better days ahead’ as government intensifies efforts to revive the economy Property giant Megaworld’s rental income grew 13% to P3.4-billion during the third quarter from P3-billion in the previous quarter as quarantine restrictions have been eased. The company’s office rental business, under the Megaworld Premier Offices brand, continued its growth momentum…
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Property giant Megaworld is optimistic that it can recover quickly from the pandemic next year following reports of coronavirus vaccines to be released before year-end. In his message at the company’s Annual Stockholders’ Meeting via live webcast, Megaworld chairman and CEO Dr. Andrew L. Tan said the company is ready to bounce back as it…
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Residential, rental, and hotel businesses register double-digit growth Megaworld, the country’s pioneer in and largest developer of townships, grew its net income by 18% to P8.9-billion in the first half of 2019 from P7.5-billion during the same period last year. Excluding a non-recurring gain of about P189-million in the first six months of 2019, the…