The said record was supported by the consistent growth in its recurring income businesses and steady residential revenue bookings.
In its disclosure, property giant Megaworld Corporation saidnthat its net income reached PHP19.0 billion in the first nine months of 2026, which is a 6% year-on-year increase.
It noted that consolidated revenues also increased 3% to PHP66.5 billion, with its office, mall, and hotel operations contributing to growth alongside real estate sales.
Megaworld Global Hotels and Resorts, which houses the hospitality unit, was the fastest-growing recurring income segment during the period, with hotel revenues rising 12% year-on-year to PHP4.6 billion.
Meanwhile, its Megaworld Lifestyle Malls unit also recorded a 9% increase in rental revenues to PHP5.5 billion, with by high occupancy of 95% and a 10% rise in average daily tenant sales.
“The mall portfolio welcomed almost 36,000 square meters of new store openings during the first nine months, spanning food, fashion, and experiential retail concepts,” the company explained, noting that these broadened the offerings available to township residents, office workers, and visitors.
Pre-sales of residential pre-sales rose 9% year-on-year to PHP96.6 billion in spite of market headwinds, with provincial projects accountinf for nearly half of total pre-sales.
The nine-month period is notably 77% of the company’s PHP125.0 billion full-year target for 2026.
Real estate sales bookings climbed to PHP40.6 billion, supported by steady construction progress across ongoing developments.
Meanwhile, office rental revenues also rose 7% to PHP11.9 billion, which it said was driven by take-up from Global Capability Centers (GCCs).
“These tenants carry out knowledge-intensive, business-critical functions embedded in their parent organizations’ global operations, supporting longer-term space requirements,” Megaworld explained.
As of September 2026, it had also secured renewals covering approximately 90% of office leases scheduled to expire in 2026.
Apart from that, it also secured close to 250,000 square meters in total office lease transactions in Metro Manila and in the regions during the first nine months of 2026.
Earlier, Paris-based Fortune Global 500 financial institution BNP Paribas was announce to be occupying tbe Uptown Eastgate in Uptown Bonifacio, Taguig City for a delivery center supporting its global Corporate and Institutional Banking business.
Of the total, nearly 100,000 square meters came from fresh leases, while renewals reached around 150,000 square meters.
Metro Manila properties accounted for 76% of total renewals, or around 113,000 square meters, while provincial locations contributed the remaining 24%, equivalent to 37,000 square meters.
As for fresh leases, Metro Manila similarly led by accounting for 63,000 square meters, or 63% of the total, while provincial properties contributed 37% or nearly 37,000 square meters.
“The strong pace of new leases and renewals shows continued demand for strategically located, high-quality office spaces, particularly in the provinces where more businesses are expanding,” said Roland Tiongson, head of Megaworld Premier Offices.
He also said that the company will continue to grow its office portfolio in key regional centers, while strengthening their established townships in Metro Manila to capture these opportunities.
Meanwhile, Francis Roxas, head of Megaworld Global Offices, shared: “As global companies continue to reassess their workplace strategies and expand their presence across key markets, we see opportunities to position the Philippines as a strategic destination for their operations.”
He said that the company’s office portfolio combines “globally competitive workspaces with access to talent, infrastructure, and integrated business ecosystems that support companies’ long-term growth.”
Megaworld said that its long-term leasing expansion strategy includes targeting two million square meters of office gross leasable area (GLA) and one million square meters of retail GLA by 2030, which will bring a total leasing GLA to three million square meters.
On a wider picture, Lourdes Gutierrez-Alfonso, president and CEO of Megaworld stated: “Our nine-month results demonstrate the strength of Megaworld’s township model and the importance of prudent financial management in delivering growth amid property market and macroeconomic headwinds.”
She also stressed that financial discipline remains central to their strategy, which they achieve by balancing investments in their townships with the need to preserve liquidity and maintain a sound balance sheet.
“This approach gives us the flexibility to navigate near-term challenges while pursuing opportunities that create long-term value for our shareholders,” Gutierrez-Alfonso added.
