Trading View | Citicore Energy REIT's Net Income, Revenue Soar in 2021

Posted on April 20, 2022

Citicore Energy REIT (PSE:CREIT) posted a net income attributable to owners of 209.5 million Philippine pesos ($4 million) in 2021, higher than 104.1 million pesos recorded in 2020.


Basic earnings per share rose to 0.08 pesos from 0.04 pesos, according to a Tuesday filing.


Revenue for the twelve months amounted to 352.3 million pesos, higher than 269.1 million pesos a year earlier, driven mainly by the sale of electricity from the Clark Solar plant and land lease revenues from Citicorp Solar Tarlac 1 and 2.


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Citicore Energy REIT Corp. (C-REIT)is the country’s first energy REIT, focused on delivering excellent value and attractive returns to shareholders by responsibly harnessing nature’s resources and empowering communities. C-REIT operates as a REIT upon compliance with the Philippine REIT Law.

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