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Manila Bulletin devider Business devider The Stock Market devider CREIT net income stable amid steady leasing, growth plans

CREIT net income stable amid steady leasing, growth plans

Published Nov 14, 2025 02:19 pm
Citicore Energy REIT Corp. (CREIT) posted a stable net income of ₱1 billion in the third quarter of 2025, in line with the same period last year, driven by its guaranteed base lease and growth opportunities from solar projects.
In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Nov. 14, the company said its financial performance included a ₱1.3-billion base lease and ₱1.4 billion in revenues from July to September.
Its earnings before interest, tax, depreciation, and amortization (EBITDA) also came in at ₱1.3 billion.
CREIT President and Chief Executive Officer (CEO) Oliver Tan said the ₱0.049-per-share dividend for the third quarter, payable on Jan. 12, 2026, would provide investor confidence and stability amid fluctuating market conditions.
“Investors looking for passive income generation will find CREIT as an attractive investment option, and long-term investors looking for capital appreciation can also gravitate towards CREIT as we have a strategic growth roadmap for a value-accretive assets acquisition to further solidify our green real estate portfolio,” he said.
“CREC’s [Citicore Renewable Energy Corp.] plan to construct one gigawatt per year for the next five years provides CREIT a clear roadmap for asset acquisition in the coming years,” Tan added.
Recently, CREC switched on its 42-megawatt-peak (MWp) Citicore Solar Pampanga 1 and 197-MWp Citicore Solar Batangas 1, which is integrated with a 320-megawatt-hour (MWh) battery energy storage system (BESS). According to the company, this would be the country’s first solar plant capable of supplying baseload power.
Most of these projects, alongside other developments located in Pangasinan, Quezon, and Negros Occidental provinces, are situated on CREIT’s land assets.
As the largest renewable energy (RE) landlord in the Philippines, CREIT holds 7.1 million square meters (sqm) of land and operates in a stable, essential RE sector.
CREC, on the other hand, reaffirmed its plans to achieve its first gigawatt (GW) of capacity before the end of this year.
The RE firm generated a 28-percent increase in net income during the first nine months of the year, rising from ₱754.9 million to ₱965.6 million. Revenues likewise jumped by 13 percent to ₱3.82 billion as electricity sales grew by 14 percent to ₱410.6 million with the expansion of its customer base.
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