Manila Times Business
Citicore Energy REIT Corp.
Business overview
Company backgroundCiticore Energy REIT Corp.
(CREIT) is a Real Estate Investment Trust (REIT) in the Philippines focused on owning and investing in income-generating renewable energy real estate properties including land and properties used for power generation. CREIT was originally established as Enfinity Philippines Renewable Resources, Inc. on July 15, 2010, and operates as a REIT upon compliance with Philippine REIT Law requirements.
The company’s renewable energy property portfolio includes a solar power plant with an installed capacity of 22.3 megawatt peak direct current and leasehold rights over land parcels in various locations in the Philippines. CREIT is listed on the Philippine Stock Exchange and offers shareholders stable yields and opportunities for revenue growth supported by strong demand for electricity in the Philippines.
CREIT’s business activities include renewable energy generation and property leasing from both leasehold and freehold land assets.
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