Citicore Energy REIT Corp. (CREIT), the Philippines’ first renewable energy real estate investment trust, posted P686 million in net income in the first half of 2026 as built-in lease escalations across its solar land portfolio supported recurring earnings.
Revenue reached P916 million for the six months, broadly steady from a year earlier, while EBITDA came in at P895 million, underscoring the high-margin nature of CREIT’s leasing business.
“Our first-half performance highlights the resilience of our portfolio, anchored on stability, consistency, and long-term value creation,” CREIT President and CEO Oliver Y. Tan said.
Tan said CREIT’s assets, which support the country’s shift toward renewable energy, provide some insulation from market volatility while generating recurring returns for shareholders.
The earnings also supported CREIT’s dividend program. Its board declared a P0.049-per-share cash dividend for the second quarter of 2026, equivalent to an annualized yield of 5.6 percent based on the company’s June 30 closing price of P3.50. The dividend is scheduled for payment on Oct. 7 to shareholders of record as of Sept. 11.
CREIT’s growth prospects are closely tied to sponsor Citicore Renewable Energy Corp. (CREC), which reached 1 gigawatt of installed capacity in 2026 and plans to expand to 5 gigawatts within five years.
That pipeline could give CREIT additional opportunities for asset infusions as CREC brings more renewable energy projects online, potentially expanding the REIT’s income-generating portfolio.
CREIT currently maintains 100 percent portfolio occupancy and a 19-year weighted average lease expiry, providing a relatively stable base of contracted revenues.
The combination of long-term leases, built-in escalations, and a growing renewable energy pipeline gives CREIT a defensive earnings profile while positioning it to benefit from the Philippines’ accelerating clean-energy buildout.
