Citicore Energy REIT Records P472 Million in Revenue for Q1 2025

For the first quarter of 2025, Citicore Energy REIT Corp. (CREIT), the country’s first and largest renewable energy REIT, records stable revenues at P472 million, in line with the same period last year.

The stability of the Company’s performance is primarily attributed to a strong, guaranteed base lease of P419 million, which grew 2% from the same period last year. CREIT’s EBITDA registered at P462 million, while net income stands at P358 million for the period.

“CREIT’s stable revenue emphasizes our strengths as a REIT company, operating in an essential energy sector, shielded from market changes and typical cyclicality experienced by traditional REITs. With three years of consistent revenues and dividends, CREIT's solid ground is the foundation of our future acquisition strategies,” said CREIT President and CEO Oliver Tan.

CREIT’s 14 assets, totaling a gross leasable space of 7.1 million square meters, are leased out to solar operators and developers ensuring 100% occupancy rates for the entire life of the long-term lease agreements.

On 09 May 2025, CREIT declared its 1Q2025 dividends of P0.049/share – consistent with its dividend payout at 106% of its distributable income, above the minimum requirement of 90%.

CREIT sponsor, CREC, is also set to complete and energize its first one gigawatt of renewable energy development in 2025. CREC projects are in Batangas, Pampanga, Pangasinan, Negros Occidental - most of which are situated in CREIT land assets.

“CREIT is poised to mirror CREC’s growth trajectory once its sponsor's projects come online, providing CREIT with a growth roadmap for a value-accretive assets acquisition to further solidify our green real estate portfolio,” Tan said.

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.

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.