Citicore Energy REIT Corp. (CREIT), the first renewable energy real estate investment trust in the Philippines, announced it will continue paying the same dividend to its shareholders even as its earnings stayed flat in the first half of 2026, according to a press release filed with the Securities and Exchange Commission on August 12, 2026.
What is CREIT?
Think of CREIT as a company that owns land where solar panels are placed. Instead of selling electricity themselves, they rent out these lands to other companies that operate the solar farms. It’s like owning a piece of property and collecting rent from it every month – except the property is used for creating clean energy from the sun.
How Did They Perform?
For the first six months of 2026, CREIT collected Php 916 million in revenues, which is about the same amount they made during the same period last year. The company was able to maintain this because their rental contracts have built-in rent increases over time.
The company also reported:
- Php 895 million in EBITDA (a measure of profit before certain expenses)
- Php 686 million in net income (actual profit after all expenses)
Dividend Payment Details
On August 11, 2026, CREIT’s Board of Directors approved a cash dividend of Php 0.049 per share for the second quarter of 2026. This is the same amount they’ve been paying consistently.
Here are the important dates shareholders need to know:
- Record Date: September 11, 2026 (you must own shares by this date to receive the dividend)
- Payment Date: October 7, 2026 (when the money will be distributed)
Based on CREIT’s stock price of Php 3.50 per share on June 30, 2026, this dividend payment represents an annualized yield of 5.6%.
Why CREIT Says They’re Stable
According to Oliver Y. Tan, the company’s President and CEO, CREIT is more stable than traditional REITs (which usually own malls or office buildings) because their properties support the country’s shift to renewable energy – something the Philippines needs regardless of economic ups and downs.
The company pointed out two key strengths:
- 100% portfolio occupancy – meaning all their lands are rented out with no vacancies
- 19-year weighted average lease expiry (WALE) – meaning their rental contracts won’t expire for a long time on average, ensuring steady income for years
Parent Company’s Growth
CREIT’s sponsor company, Citicore Renewable Energy Corporation (CREC), reached an important milestone in 2026 by achieving one gigawatt of installed capacity (enough to power many homes and businesses). CREC is targeting to reach five gigawatts within five years, which could mean more assets and properties that CREIT might acquire in the future.
About the Company
CREIT has been listed on the Philippine Stock Exchange since February 2022 and describes itself as the country’s largest renewable energy landlord. The company owns 7.1 million square meters of total landholdings – that’s like owning more than 1,000 football fields of land used for solar energy projects.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
