Citicore Energy REIT Corp. (PSE: CREIT), the Philippines’ first renewable energy real estate investment trust, has kept its strong PRS Aa+ credit rating from Philippine Rating Services Corporation (PhilRatings), according to a disclosure filed with the Securities and Exchange Commission on March 17, 2026.
What Does This Rating Mean?
Think of a credit rating like a report card, but instead of grading how well a student does in school, it grades how well a company can pay back money it owes. The PRS Aa+ rating is like getting a very high grade – it means CREIT is very good at managing its money and paying its bills on time.
PhilRatings gave CREIT two important ratings, both with a “Stable Outlook”:
- PRS Aa+ Issuer Credit Rating – This grades CREIT as a company overall
- PRS Aa+ Issue Credit Rating – This specifically grades CREIT’s ASEAN Green Bonds (a type of loan the company took to buy more properties)
A “Stable Outlook” means PhilRatings expects these good grades to stay the same for the next 12 months.
Why Did CREIT Get This High Rating?
According to PhilRatings, there are four main reasons why CREIT earned this strong rating:
- 100% occupied green properties – All of CREIT’s properties are rented out with no vacancies, and these properties are used for renewable energy projects that help the environment
- Experienced owners – The people who own and run the company know what they’re doing
- Good profits – The company makes satisfactory money from its business
- Healthy finances – CREIT has enough cash and doesn’t owe too much money
A Consistent Track Record
CREIT has maintained this PRS Aa+ rating every year since it first started trading on the Philippine Stock Exchange in 2022. This shows that the company has been consistently reliable and well-managed.
Oliver Tan, CREIT’s President and CEO, stated that maintaining this rating “signals continued confidence in our business model, our stability, and our long-term value creation as the Philippines’ foremost renewable energy REIT.”
What Does CREIT Own?
CREIT is like a landlord, but instead of renting out apartments or office buildings, it rents out land to companies that build solar panels and other renewable energy projects. The company owns 7.1 million square meters of land across the Philippines – that’s about 994 football fields put together, making it the country’s largest renewable energy landlord.
In February 2023, CREIT borrowed Php 4.5 billion through ASEAN Green Bonds to buy more properties for renewable energy projects. These bonds were oversubscribed, meaning more investors wanted to lend money to CREIT than the company actually needed – another sign that people trust the company.
Recognition for Good Management
Besides the credit rating, CREIT also received Golden Arrow Awards from the Institute of Corporate Directors in both 2024 and 2025. These awards recognize companies that follow good practices in how they’re managed and governed, based on standards used across Southeast Asian countries.
About Citicore Energy REIT
CREIT became the Philippines’ first renewable energy real estate investment trust when it listed on the Philippine Stock Exchange in February 2022. The company has 6,545,454,004 common shares outstanding under the stock symbol CREIT.
As a REIT, the company is required to distribute most of its earnings to shareholders as dividends, making it an investment option for people looking for regular income from the growing renewable energy sector in the Philippines.
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.
