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MREIT Fair Value & Analysis

Real Estate · PH · Market cap 34.7B PHP

M MREIT MREIT · PSE
Price13.90 PHP
Fair Value23.00 PHP
Upside+65.5%
Quality54/100
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Mixed Growth
Thin margins · 0.0% net margin
Low debt
Mixed vs. peers (4/9)
Moderate moat 56/100
Evidence: High Range 17.26 PHP – 28.76 PHP Share as image

Fair value as of: Jul 10, 2026

From 12 valuation models · updated 30 days ago

Share price +0.9% over the past month.

A solid business, screening 65% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (17.26 PHP). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

16.38 PHP 8.75 PHP Fair Value 23.00 PHP Oct 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 10, 2026.

How to read this chart

57‑month range 8.75 PHP – 16.38 PHP · fair‑value band 17.26 PHP – 28.76 PHP · the 13.90 PHP price screens below the 23.00 PHP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 10, 2026.

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Analysis

MREIT (MREIT) currently trades at 13.90 PHP, while our model-based Fair Value estimate is 23.00 PHP, implying the stock looks roughly 65.5% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

The stock trades on a trailing P/E of 10.3. Fundamentals as of Jul 10, 2026

Our scenario range runs from 17.26 PHP (bear case) to 28.76 PHP (bull case); at 13.90 PHP, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 10% above its 52-week low. For context, the median of 10 Real Estate peers we cover trades at 50% fair-value upside, at 65%, MREIT screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 19.03 PHP 37.68 PHP 74.92 PHP 80
Residual Income 21.12 PHP 21.96 PHP 22.38 PHP 76
Gordon GGM 10.17 PHP 21.14 PHP 33.53 PHP 70
All 12 models by family
DCF Models
FCF DCF 20.31 PHP 33.67 PHP 75.26 PHP 38
5Y Revenue Exit 10.83 PHP 19.67 PHP 37.22 PHP 39
10Y Revenue Exit 13.16 PHP 27.06 PHP 38.87 PHP 36
Dividend Discount
Gordon GGM 10.17 PHP 21.14 PHP 33.53 PHP 70
DDM Multi-Stage 10.17 PHP 17.82 PHP 22.18 PHP 61
Multiples
P/S Multiple 8.82 PHP 11.76 PHP 14.69 PHP 58
P/B Multiple 20.30 PHP 27.07 PHP 33.84 PHP 55
EV/EBIT 20.59 PHP 28.17 PHP 35.76 PHP 53
EV/Revenue 6.69 PHP 10.48 PHP 14.28 PHP 43
Asset-Based
NCAV (Graham) 13.28 PHP 17.80 PHP 26.56 PHP 50
Growth DCF
Growth DCF 19.03 PHP 37.68 PHP 74.92 PHP 80
Economic Profit
Residual Income 21.12 PHP 21.96 PHP 22.38 PHP 76

Widest divergence: Growth DCF (37.68 PHP) versus Multiples (11.76 PHP). Highest evidence: Growth DCF (80).

Quality Score breakdown

Overall quality 54/100

Of which business quality 55 · Market factors (momentum, volatility) 65

Profitability 37
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

Revenue & earnings trend

FY2019 – FY2024 · reported fiscal years

MREIT reported revenue of 4.5B PHP in FY2024 versus 2.2B PHP in FY2019, a compound +15.8%/yr. Reported net income was 4.0B PHP in FY2024.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
4.5B PHP
Latest YoY
+8.6%
Avg. growth/yr (3Y)
+45.7%
Avg. growth/yr (5Y)
+15.8%
Revenue +15.8%/yr
FY19 2.2B PHP
FY21 1.5B PHP
FY22 3.6B PHP
FY23 4.2B PHP
FY24 4.5B PHP
Net income
FY19 −333M PHP
FY21 2.0B PHP
FY22 −177M PHP
FY23 168M PHP
FY24 4.0B PHP

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Cite: Fair Value Calculator (2026). "MREIT Fair Value". https://www.fairvalue-calculator.com/stock/MREIT

Peer Group

Real Estate · 1891 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Residential & Commercial REITs” was too small, so the broader sector is used.)

Quality Score 55 · Above median
Fair Value upside +66% · Top 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Debt / equity 0.11× · Lower than 75% of peers

Valuation Multiples vs Real Estate median · lower = cheaper

P/E (TTM) 10.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 33
FUTURE 0 · sector 8
PAST 0 · sector 15
HEALTH 95 · sector 78
DIVIDEND 0 · sector 68

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Residential & Commercial REITs stocks, each showing price versus our Fair Value estimate (as of Jul 10, 2026).

Stock Price Fair Value vs Fair Value
RCR RCR 7.10 PHP 17.75 PHP +150%
AREIT AREIT 37.40 PHP 93.50 PHP +150%
FILRT FILRT 2.92 PHP 2.74 PHP -6%
DDMPR DDMPR 1.04 PHP 2.60 PHP +150%
CREIT CREIT 3.50 PHP 2.30 PHP -34%
WOTSO WOT A$0.5500 A$0.9400 +71%
HOTU HOTU $0.4200 $0.3263 -22%
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%

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Frequently asked questions

Is MREIT overvalued or undervalued?
As of Jul 10, 2026, our model estimates a fair value of 23.00 PHP versus a price of 13.90 PHP, about +65% (undervalued).
What is the fair value of MREIT?
Our model-based fair value for MREIT is 23.00 PHP (as of Jul 10, 2026), built from audited fundamentals. The current price is 13.90 PHP.
What is the quality score of MREIT?
MREIT has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of MREIT?
The net profit margin of MREIT is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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