CREIT profit steady at P1.43B in 2025

Citicore Energy REIT Corp. (CREIT) reported a net income of P1.43 billion in 2025, roughly flat from the previous year, reflecting sustained earnings from its solar-backed lease portfolio.

In a statement on Thursday, CREIT said its performance was supported by steady revenues of P1.88 billion, largely derived from leases to operating solar power plants and land parcels.

Earnings before interest, taxes, depreciation and amortization stood at P1.85 billion, underscoring the consistency of its income-generating assets.

Guaranteed base lease revenue reached P1.67 billion, while variable lease income contributed P50.29 million, tied to incremental revenues earned by lessees.

CREIT maintained a 100-percent occupancy rate and a weighted average lease expiry of 19.44 years, ensuring long-term visibility of income streams.

The renewable energy REIT ended 2025 with a gross leasable area of 7.1 million square meters supporting operating and pipeline solar projects.

For the year, CREIT declared an annual dividend of P0.203 per share, equivalent to a 6.3-percent yield based on its March 24 closing price.

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The company also paid out 106 percent of its distributable income, exceeding the 90-percent minimum required under the REIT law for the fourth straight year.

Company president and CEO Oliver Tan said the results highlight the resilience of CREIT’s business model, anchored on stable, long-term lease contracts.

“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,” Tan said.