Citicore Energy REIT Corp. (CREIT or the “Company”), the country’s first and largest renewable energy REIT, recorded steady revenues of Php 1.88 billion in 2025, sustaining its stable income from leases to operating solar power plants and land parcels with solar farms for commissioning. EBITDA and net income stood firm at Php 1.84 billion and Php 1.42 billion, respectively.
Guaranteed base lease revenue totaled Php 1.67 billion, while the anticipated year-end component of income, variable lease revenue, amounted to Php 50.29 million for the year. CREIT recognizes variable rental income equivalent to 50% of the incremental gross revenue earned by the lessees from any excess in the agreed base revenue for the period.
“Our 2025 performance reflects the strength and resilience of CREIT’s business model, anchored on stability, consistency, and long-term value creation. As a REIT backed by essential infrastructure to the country’s energy targets, we are inherently positioned to navigate volatility better than traditional REITs, enabling us to deliver reliable and sustainable returns to our investors,” said CREIT President and CEO Oliver Tan.
CREIT has a gross leasable area of 7.1 million square meters of land used for operating and under construction solar assets of as part of the sponsor’s first gigawatt (GW) in its 5GW in 5 years goal.
CREIT also maintained its 100% year-round occupancy rate across its assets and has a weighted average lease expiry of 19.44 years, assuring its shareholders stable operations and a sustainable income.
The Company’s performance in 2025 resulted in an annual dividend of Php 0.203 per share, or a 6.3% dividend yield based on the closing price of Php 3.22 per share based on March 24, 2026.
For the fourth straight year, CREIT paid out 106% of the Company’s distributable income, derived from the guaranteed and variable leases, well-above the 90% required under the REIT Law.
Sustained Strength in Credit Ratings and Governance
CREIT affirmed its position as one of the country’s most stable and trusted issuers after maintaining its PRS Aa+ (corp.) Issuer Credit Rating with a Stable Outlook, while CREIT’s ASEAN Green Bonds also retained its PRS Aa+ Issue Credit Rating with a Stable Outlook, from the Philippine Rating Services Corporation (PhilRatings).
The Institute of Corporate Directors (ICD) also awarded CREIT with a Golden Arrow Award for 2024 and 2025. This reinforces the company’s sustained excellence in corporate governance among publicly listed companies in the Philippines based on global benchmarks set by the ASEAN Corporate Governance Scorecard (ACGS).
