MREIT: Is 8% Dividend Yield Better Than Owning a BGC Condo? | The Dividend Investor Podcast

MREIT is one of the highest-yielding REITs today, higher than the rental yield on most BGC condos minus all the headache. But is it actually a better investment? In this episode, we sit down with Andy Dela Cruz, CFA, Head of Investor Relations for both Megaworld Corporation and MegaWorld REIT (MREIT) to break down the real investment case for one of the most talked-about REITs in the Philippines. We cover MREIT's ₱482,000 sqm office portfolio, its 92% occupancy rate versus 81% for other REITs, the BPO and GCC client mix, the AI and automation risk for MREIT, and whether the Iran conflict and rising oil prices will push tenants to work from home. Note: MREIT's dividend yield was approximately 8% at the time of recording in early April 2026. As of April 16, 2026, the yield is approximately 7.2%. Yield changes daily based on market price as the stock price moves. CHAPTERS 0:00 - Why MREIT vs. Owning a Condo? 0:22 - Introduction 1:25 - Meet Andy Dela Cruz: From Equity Analyst to MREIT's Head of IR 2:16 - What 5 Years as an Analyst Taught Him About IR 7:57 - Why Having a CFA Charter Makes a Difference in IR 12:10 - What is MREIT? How It Makes Money Explained Simply 15:15 - MREIT vs. Buying a Condo in BGC The Numbers 19:00 - What Makes MREIT's Properties "Prime"? 22:44 - McKinley Hill: The Crown Jewel of MREIT's Portfolio 24:09 - BPO Tenants, AI, and Automation, Is MREIT Exposed? 28:52 - Iran Conflict + Oil Prices: Will Work-From-Home Hurt MREIT? 33:00 - What Happens If Tenants Pre-Terminate Their Contracts? Invest Ambitiously through DragonFi Buy MREIT and other Philippine dividend stocks directly through the DragonFi app, starting from just 1,000 pesos. Watch PART 2 now.    • MREIT Is Doubling Its Assets, What Happens...   MREIT's plan to reach 1 million sqm, the hard questions on loan sustainability, Uptown BGC as the next big infusion, and Andy's one-sentence case for buying now. SUBSCRIBE for more episodes of the dividend investor podcast