Citicore Energy REIT Corp. (CREIT or “the Company”) posted a 15% increase in revenues at Php 921 million for the half of 2024 from Php 800 million in the same period last year. This is driven by the full impact of the new parcels of land acquired in the same period of 2023 on the company’s financials. This translated to a 14% and 12% increase in EBITDA and net income respectively, solidifying CREIT's position as the largest renewable energy REIT in the Philippines.

Dividends for the first half of 2024 were also declared on August 9 amounting to Php 0.049/share. The Php 0.049/share equates to an annualized yield of 7.1%, based on June 28 closing price of Php 2.79. This will be payable on October 4 to shareholders on record as of September 10.

“CREIT has sustained the delivery of attractive dividends each quarter, driven by growing lease revenues and strategic asset acquisitions aligned with Citicore Renewables’ project pipeline. This approach underscores the resilience of our REIT investment strategy, enabling the company to continually acquire value-accretive assets and closely align CREIT's growth with that of its sponsor, CREC.” said Oliver Y. Tan, President and Chief Executive Officer.

CREIT’s sponsor, CREC, has over 5GW of project pipeline in varying stages of development with its first gigawatt well underway. CREIT’s unique green asset portfolio, with total landholdings of 7,100,000 square meters and backed by 100% occupancy with a weighted average lease expiry of 20.94 years, has allowed the Company to consistently declare aboveprescribed dividends since its listing in the stock market in February 2022.##