[ad_1]
The money dividends can be payable on Could 31, 2022 to stockholders on file as of Could 10, 2022.
MREIT’s dividend coverage contemplates quarterly distribution of dividends.
Reflecting the resiliency of the corporate’s property portfolio, the newest tranche of dividends is greater than the earlier quarter’s P0.2399 per share.“This dividend is simply the primary tranche of the whole quantity we goal to distribute for the yr 2022.
Not together with the impression of the acquisitions scheduled for this yr, we’re declaring dividends amounting to P1.00 per share, which interprets to a 6.2 p.c dividend yield versus our IPO value.
At present costs, the yield is at 5.7 p.c,” mentioned Kevin Tan, president and CEO.
The corporate earlier introduced an expanded acquisition plan for the yr 2022 amounting to P20 billion, with the deed of alternate for the preliminary acquisition of 4 prime properties value P5.3 billion already signed between MREIT and sponsor Megaworld. (PR)
Disclaimer
SunStar web site welcomes pleasant debate, however feedback posted on this web site don’t
essentially mirror the views of the SunStar administration and its associates. SunStar reserves the correct to
delete, reproduce, or modify feedback posted right here with out discover. Posts which are inappropriate will
mechanically be deleted.
Discussion board Guidelines
Don’t use obscenity. Some phrases have been banned. Stick with the subject. Don’t veer away from the
dialogue. Be coherent. Don’t shout or use CAPITAL LETTERS!
[ad_2]
Source link