Citicore Energy REIT Corp. (CREIT), formerly, Enfinity Philippines Renewable Resources, Inc., is focused on the ownership of sustainable infrastructure projects such as income-generating renewable energy real estate properties in the Philippines.
The Company is a Real Estate Investment Trust (REIT) formed primarily to own and invest in income-generating renewable energy real estate properties, including land and properties used for harnessing power, that meet CREIT’s investment criteria. Primarily, the Company will be the commercial REIT platform of the Citicore Group. As a REIT, the Company will focus on expanding its income-generating renewable energy real estate properties. The Company offers its shareholders an investment opportunity with a stable yield, opportunities for gross revenue and net operating income growth, high-quality income-generating renewable energy real estate properties supported by a strong and growing demand for electricity in the Philippines, appreciation of land values, strong support from the sponsors, experienced management with incentive to grow the company’s gross revenue and net operating income, and distribution of at least 95% of the company’s distributable income.
The Company’s renewable energy property portfolio consists of (i) a solar power plant with an installed capacity of 22.3 megawatt peak direct current and other real properties which have been leased to Citicore Renewable Corp, located on a 250,318 square meters parcel of land inside Clark Freeport Zone, Pampanga, with the Company owning the leasehold rights over the Clark Land and (ii) land leased to solar power plant operators, comprising (A) Company-owned parcels of land in Baranggay (Brgy.) Armenia, Tarlac City, and (B) leasehold rights over parcels of land located in Brgy. Talavera, Toledo City, Cebu, Silay City, Negros Occidental, and Brgy. Dalayap, Tarlac City.
Average % return by calendar month, up to 1 yearof history. Only a few years back each month, so this is descriptive color, not a predictable “month effect.”
Delayed/EOD data, not real-time. Every figure here is a descriptive statistic on past closing prices — not a forecast, a stock pick, or a buy/sell signal, and not financial advice.