Citicore Energy REIT Declares P0.049 Cash Dividend per Share

Citicore Energy REIT Corp. (CREIT) declares dividends amounting to P0.049 per share – consistent with the same period last year.

The dividend per share amount represents income from its guaranteed lease revenues for the first quarter of 2025, backed by lease contracts from its 14 assets. The company’s land parcels totaling 7.1 million square meters solidifies CREIT's position as the largest landlord for renewable energy real estate properties in the Philippines.

The P0.049/share equates to an annualized yield of 6.2%, based on the March 31 closing price of P3.16.

“CREIT’s third year as the leading renewable energy REIT showcases the consistency of our green business model, which translates positively to our shareholders through stable and long-term leases and consistent dividends. Looking ahead, the growth trajectory of CREIT will mirror its sponsor CREC, providing visibility on asset infusion opportunities, further strengthening leasable income from our lessees and ultimately deliver sustainable returns for our investors.” said CREIT President and CEO Oliver Y. Tan.

CREIT’s sponsor, Citicore Renewable Energy Corporation (CREC), has over 5GW of project pipeline in varying stages of development, with the construction of its first gigawatt in full speed. CREIT’s unique green asset portfolio is backed by 100% occupancy and an above industry weighted average lease expiry (WALE) of 20.19 years – allowing the Company to consistently declare above-prescribed dividends since its listing in the Philippine Stock Exchange in February 2022.

CREIT is the Philippines' first renewable energy real estate investment trust and largest renewable energy landlord, listed in the Philippine Stock Exchange since February 2022. With 7.1 million square meters of total landholdings and operating in a crisis-proof and essential renewable energy industry, CREIT offers an attractive investment platform through its unique green asset portfolio and offers sustainable income with above market returns.