Premiere Island Power REIT Corporation
PPSE:PREIT0.92
PHP
-0.01
(-1.08%)
Premiere Island Power REIT Corporation
PSE:PREIT
(Philippine Stock Exchange)
Recent
price
0.92
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Premiere Island Power REIT Corporation is a Philippines-based specialized real estate investment trust focused on acquiring, managing, and leasing critical energy infrastructure and power generation real estate assets. Incorporated in 2022 and headquartered in Las Piñas City, Philippines, the company operates as an infrastructure REIT under the sponsor umbrella of Prime Asset Ventures, Inc. (PAVI), the utilities and infrastructure investment arm of the Villar Group. Premiere Island Power REIT Corporation provides long-term real estate and industrial leasing solutions primarily to off-grid utility operators and independent power producers serving missionary electrification areas, including key operating sponsors S.I. Power Corporation (SIPCOR) and Camotes Island Power Generation Corporation (CAMPCOR). The company’s core portfolio and service offerings comprise the leasing of utility-scale land parcels across Siquijor and Camotes Island, Cebu; long-term leasehold rights and ownership of power plant buildings, administrative offices, and control facilities; and the lease of industrial power generation machinery, heavy fuel oil (HFO) systems, diesel generator sets, and auxiliary electrical infrastructure supporting a combined generating capacity of 21.2 megawatts. In recent developments, Premiere Island Power REIT Corporation has implemented a multi-year portfolio expansion and diversification strategy aimed at acquiring renewable energy properties, hybrid generation infrastructure, and battery energy storage systems (BESS), supported by a pipeline of potential asset infusions from clean energy affiliate PAVI Green Renewable Energy Inc. Additionally, the company has actively managed its operational agreements and asset utilization following regulatory rulings from the Energy Regulatory Commission regarding tenant operating provisional authorities in Siquijor, working through legal and commercial mechanisms to normalize lease arrangements, safeguard rental income streams, and advance sustainable power infrastructure development across the Philippine archipelago.