Citicore Energy REIT Corp
PPSE:CREIT2.87
PHP
+0.01
(+0.35%)
ISIN
PHY1642D1064
CUSIP
Y1642D106
Return %
Stock
S&P 500
1Y
-18.70
14.20
3Y
13.44
81.12
5Y
- -
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Oliver Y. Tan
- Full Time Employees
- 7
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- San Juan Philippines
- IPO Date
- Feb 22, 2022
- Website
- creit.com.ph
- Similar Companies
- Business
- Citicore Energy REIT Corp. is a Philippines-based real estate investment trust company that specializes in owning, managing, acquiring, and leasing a portfolio of income-generating renewable energy real estate assets. Founded in 2010 and headquartered in San Juan City, Metro Manila, Philippines, the company operates as a subsidiary of Citicore Renewable Energy Corporation (CREC). Citicore Energy REIT Corp. serves as the first renewable energy-dedicated REIT listed on the Philippine Stock Exchange, catering to utility-scale power developers, independent power producers, grid operators, and commercial clean energy off-takers throughout the Philippine energy market. The company organizes its business operations across renewable energy property leasing and electricity generation segments. Its core products and services comprise: long-term freehold and leasehold land leasing dedicated to utility-scale solar energy facilities; wholesale power generation and electricity supply through its owned and operated solar assets, including the Clark Solar Power Plant; Agro-Solar land management integrating agricultural crop cultivation beneath photovoltaic panel arrays; land leasing for electrical substations, transmission lines, and grid connection right-of-way infrastructure; and comprehensive real estate asset management services, including property acquisition, tenant lease administration, land development, and facility maintenance. The company operates land assets across various provinces in the Philippines, such as Bulacan, Bataan, Tarlac, Pampanga, Pangasinan, Batangas, Camarines Sur, Cebu, Negros Occidental, and South Cotabato. In recent developments, Citicore Energy REIT Corp. has accelerated its asset acquisition strategy by purchasing multiple parcels of freehold land in Luzon to expand its total leasable land area and support utility-scale solar farm developments. The company formed a significant strategic partnership with SM Investments Corporation (SMIC), which acquired a substantial minority equity stake in the REIT to support long-term sustainability and clean energy infrastructure initiatives. Additionally, the company successfully issued ASEAN Green Bonds to finance ongoing land portfolio acquisitions and optimize its capital structure. Supported by a pipeline right-of-first-refusal agreement with sponsor CREC, Citicore Energy REIT Corp. continues to scale its long-term, inflation-linked green lease contracts, maintaining full portfolio occupancy with extended weighted average lease durations across its nationwide footprint.