Citicore Energy REIT Corp. (CREIT), the Philippines’ first and largest renewable energy real estate investment trust (REIT), announced a dividend of P0.049 per share, consistent with the dividend paid for the same period last year.
The company’s stable revenues, earnings before interest, tax, depreciation and amortization (EBITDA), and net income, driven by a slight increase in guaranteed base lease, supported the consistent dividends, it said.
Based on the closing price of P3.51 per share on June 30, 2025, the dividend equates to an annualized yield of 5.6 percent. The dividend will be payable on Oct. 8 to shareholders on record as of Sept. 12.
“CREIT continues to be a strong leader among Philippine REITs, with our consistent revenues through our long-term lease agreements, backed by a guaranteed base lease,” said Citicore president and chief executive Oliver Tan.
“Our performance for the first half of the year translated to stable and consistent dividends, which our shareholders enjoy, with our asset acquisition strategy poised to continue to grow CREIT’s portfolio, translating to more attractive dividends,” said Tan.
Citicore Renewable Energy Corp., CREIT’s sponsor, aims to energize its first gigawatt of renewable energy this year as part of a goal to reach five gigawatts in five years.
This gives CREIT a potential pipeline of assets for acquisition, which would further solidify its “green” asset portfolio.
The company maintains 100-percent occupancy and has a weighted average lease expiry (WALE) of 19.9 years, an industry-leading figure that allows it to consistently declare dividends above the prescribed amount since its listing in February 2022.
