Tycoon Edgar Saavedra’s Citicore Energy REIT Corp. (CREIT) reported a stable net income of P358 million in the first quarter of 2025, anchored on consistent lease revenue from its renewable energy-focused portfolio.
Tycoon Edgar Saavedra’s Citicore Energy REIT (CREIT) declared a cash dividend of P0.049 per share for the first quarter of 2025, matching its payout from the same period last year.
As of September 2024, CREIT’s asset portfolio consists of 7 million square meters of leasable land across Luzon, Visayas, and Mindanao, hosting a total solar capacity of 145 megawatts at peak output.
Tycoon Edgar Saavedra’s Citicore Energy REIT Corp. won its first Golden Arrow Award from the Institute of Corporate Directors on Sept. 19, 2024, at the Manila Marriott Hotel.
Tycoon Edgar Saavedra’s Citicore Energy REIT Corp. reported a 15 percent increase in revenue to P921 million for the first half of 2024, up from P800 million last year, thanks to new land acquisitions in 2023.