Citicore Energy REIT Corp. (CREIT) will pay a cash dividend of PHP 0.049 per share for the second quarter of 2025, unchanged from the same period last year. The renewable energy-focused REIT said the payout is backed by stable revenues, EBITDA, and net income, aided by a slight increase in guaranteed base lease.

“CREIT continues to be a strong leader among Philippine REITS, with our consistent revenues through our long-term lease agreements, backed by guaranteed base lease, built on the fact that we have 100% occupancy at all times,” said Oliver Tan, President and CEO of CREIT. “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.”

The dividend represents an annualized yield of 5.6% based on CREIT’s June 30 closing price of PHP 3.51 per share and will be distributed on October 8 to shareholders of record as of September 12.

CREIT’s sponsor, Citicore Renewable Energy Corporation, is aiming to energize its first gigawatt of capacity this year as part of a five-gigawatt-in-five-years goal, creating a pipeline of potential asset acquisitions for the REIT.

Since its listing on the Philippine Stock Exchange in February 2022, CREIT has maintained 100% occupancy and holds a weighted average lease expiry of 19.9 years, enabling it to declare dividends above the prescribed minimum.

Do you think CREIT’s portfolio and lease structure sustain its above-market dividends over the long term?

Follow Power Philippines on Facebook and LinkedIn or join our Viber community to stay up to date on the latest energy news.