Citicore Energy REIT Corp. said Thursday net income reached P1.43 billion in 2025, a flat growth from P1.4 billion in the same period the previous year.
Revenues remained steady at P1.88 billion last year from P1.9 billion in 2024, sustaining stable income from leases to operating solar power plants and land parcels with solar farms for commissioning.
“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 chief executive Oliver Tan.
Earnings before interest, taxes, depreciation and amortization stood at P1.85 billion from P1.8 billion year-on-year.
Guaranteed base lease revenue totaled P1.67 billion, while the anticipated year-end component of income, variable lease revenue, amounted to P50.29 million for the year.
CREIT recognized variable rental income equivalent to 50 percent of the incremental gross revenue earned by the lessees from any excess in the agreed base revenue for the period.
CREIT has a gross leasable area of 7.1 million square meters of land used for operating and under-construction solar assets as part of the sponsor’s first gigawatt in its “5GW in 5 years” goal.
CREIT also maintained its 100 percent 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 P0.203 per share, or a 6.3 percent dividend yield based on the closing price of P3.22 per share as of March 24, 2026.
For the fourth straight year, CREIT paid out 106 percent of the company’s distributable income, derived from the guaranteed and variable leases, well above the 90 percent required under the REIT Law.
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 Corp.
