Announcement • 4h
Citicore Energy Reit Corp. Announces Executive Changes Citicore Energy REIT Corp. conducted the Organizational Meeting of the Board of Directors on June 8, 2026 via remote communication. The Board of Directors elected Freniel Mikko P. Austria as Chief Audit Executive. The Board of Directors also approved the resignation of Raymund Jay S. Gomez as Chief Compliance Officer, replaced by Atty. Danica C. Evangelista. Upcoming Dividend • Jun 05
Upcoming dividend of ₱0.049 per share Eligible shareholders must have bought the stock before 10 June 2026. Payment date: 08 July 2026. Trailing yield: 5.8%. Lower than top quartile of Filipino dividend payers (6.5%). In line with average of industry peers (5.4%). Price Target Changed • Jun 02
Price target decreased by 8.0% to ₱3.43 Down from ₱3.73, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₱3.52. Stock is up 5.4% over the past year. The company is forecast to post earnings per share of ₱0.22 for next year compared to ₱0.22 last year. Declared Dividend • May 22
Dividend of ₱0.049 announced Shareholders will receive a dividend of ₱0.049. Ex-date: 10th June 2026 Payment date: 8th July 2026 Dividend yield will be 5.7%, which is higher than the industry average of 4.0%. Reported Earnings • May 17
First quarter 2026 earnings released: EPS: ₱0.05 (vs ₱0.055 in 1Q 2025) First quarter 2026 results: EPS: ₱0.05 (down from ₱0.055 in 1Q 2025). Revenue: ₱458.2m (down 3.0% from 1Q 2025). Net income: ₱342.3m (down 4.4% from 1Q 2025). Profit margin: 75% (down from 76% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialized REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 14
Citicore Energy REIT Corp. to Report Q1, 2026 Results on May 15, 2026 Citicore Energy REIT Corp. announced that they will report Q1, 2026 results on May 15, 2026 Upcoming Dividend • Apr 16
Upcoming dividend of ₱0.056 per share Eligible shareholders must have bought the stock before 23 April 2026. Payment date: 21 May 2026. Trailing yield: 5.7%. Lower than top quartile of Filipino dividend payers (6.3%). In line with average of industry peers (5.2%). Reported Earnings • Mar 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₱0.22. Revenue: ₱1.88b (flat on FY 2024). Net income: ₱1.43b (flat on FY 2024). Profit margin: 76% (in line with FY 2024). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 1.4%. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Specialized REITs industry in Asia. Announcement • Mar 26
Citicore Energy Reit Corp. Declares Cash Dividend for the Fourth Quarter of 2025, Payable on May 21, 2026 Citicore Energy REIT Corp. declared total annual dividends of PHP 0.203 per share, a 0.5% increase from 2024's total annual dividend. This marks the Company's largest annual cash dividend declaration since listing in the Philippine Stock Exchange in 2022 and equates to an annualized yield of 6.3%, based on the March 24, 2026 closing price of PHP 3.22. Dividends for the fourth quarter of 2025, amounting to PHP 0.056 per share declared on March 25, 2026, will be payable on May 21, 2026, to shareholders on record as of April 24, 2026. For the fourth quarter of 2025, the Company declared dividends of PHP 0.056 per share, higher than the PHP 0.055 per share distributed in the fourth quarter of 2024. The dividend is comprised of guaranteed base lease revenues for the fourth quarter of 2025, as well as special dividends derived from incremental variable lease revenues generated from its tenants during the year. Announcement • Mar 25
Citicore Energy REIT Corp., Annual General Meeting, Jun 08, 2026 Citicore Energy REIT Corp., Annual General Meeting, Jun 08, 2026, at 10:00 W. Australia Standard Time. Announcement • Jan 05
Citicore Energy REIT Corp. Announces Retirement of Abigail Joan R. Cosico as Chief Investor Relations, Corporate Communications, and Branding Officer, Effective January 1, 2026 Citicore Energy REIT Corp. noted and approved the retirement of Ms. Abigail Joan R. Cosico as Chief Investor Relations, Corporate Communications, and Branding Officer, effective January 1, 2026. The retirement was approved during the special board of directors meeting held on January 5, 2026. Ms. Cosico retired to pursue personal endeavors. Upcoming Dividend • Dec 03
Upcoming dividend of ₱0.049 per share Eligible shareholders must have bought the stock before 10 December 2025. Payment date: 12 January 2026. Trailing yield: 5.5%. Lower than top quartile of Filipino dividend payers (6.1%). In line with average of industry peers (5.2%). Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: ₱0.05 (vs ₱0.05 in 3Q 2024) Third quarter 2025 results: EPS: ₱0.05 (in line with 3Q 2024). Revenue: ₱458.6m (flat on 3Q 2024). Net income: ₱345.2m (flat on 3Q 2024). Profit margin: 75% (in line with 3Q 2024). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialized REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Nov 13
Second quarter dividend of ₱0.049 announced Dividend of ₱0.049 is the same as last year. Ex-date: 10th December 2025 Payment date: 12th January 2026 Dividend yield will be 5.7%, which is higher than the industry average of 4.0%. Upcoming Dividend • Sep 04
Upcoming dividend of ₱0.049 per share Eligible shareholders must have bought the stock before 11 September 2025. Payment date: 08 October 2025. Trailing yield: 5.3%. Lower than top quartile of Filipino dividend payers (6.0%). In line with average of industry peers (5.4%). Declared Dividend • Aug 15
Second quarter dividend of ₱0.049 announced Shareholders will receive a dividend of ₱0.049. Ex-date: 11th September 2025 Payment date: 8th October 2025 Dividend yield will be 5.5%, which is higher than the industry average of 4.0%. Declared Dividend • May 22
First quarter dividend of ₱0.049 announced Shareholders will receive a dividend of ₱0.049. Ex-date: 6th June 2025 Payment date: 4th July 2025 Dividend yield will be 6.2%, which is higher than the industry average of 4.0%. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: ₱0.05 (vs ₱0.055 in 1Q 2024) First quarter 2025 results: EPS: ₱0.05 (down from ₱0.055 in 1Q 2024). Revenue: ₱472.4m (flat on 1Q 2024). Net income: ₱358.0m (flat on 1Q 2024). Profit margin: 76% (in line with 1Q 2024). Revenue is forecast to stay flat during the next 2 years compared to a 6.0% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Upcoming Dividend • Apr 16
Upcoming dividend of ₱0.055 per share Eligible shareholders must have bought the stock before 23 April 2025. Payment date: 21 May 2025. Trailing yield: 6.2%. Lower than top quartile of Filipino dividend payers (6.7%). In line with average of industry peers (5.9%). Buy Or Sell Opportunity • Apr 03
Now 20% undervalued Over the last 90 days, the stock has risen 2.3% to ₱3.14. The fair value is estimated to be ₱3.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to decline by 1.0% in 2 years. Earnings are forecast to grow by 1.3% in the next 2 years. Reported Earnings • Apr 01
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₱0.22 (up from ₱0.21 in FY 2023). Revenue: ₱1.89b (up 5.0% from FY 2023). Net income: ₱1.43b (up 2.2% from FY 2023). Profit margin: 76% (down from 78% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to stay flat during the next 2 years compared to a 5.0% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 27
Third quarter dividend of ₱0.055 announced Shareholders will receive a dividend of ₱0.055. Ex-date: 23rd April 2025 Payment date: 21st May 2025 Dividend yield will be 6.4%, which is higher than the industry average of 4.0%. Announcement • Mar 26
Citicore Energy REIT Corp., Annual General Meeting, Jun 09, 2025 Citicore Energy REIT Corp., Annual General Meeting, Jun 09, 2025, at 10:00 W. Australia Standard Time. Buy Or Sell Opportunity • Mar 19
Now 20% undervalued Over the last 90 days, the stock has risen 3.6% to ₱3.14. The fair value is estimated to be ₱3.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to decline by 0.4% in 2 years. Earnings are forecast to grow by 1.6% in the next 2 years. Price Target Changed • Dec 06
Price target increased by 11% to ₱3.00 Up from ₱2.70, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ₱3.02. Stock is up 18% over the past year. The company is forecast to post earnings per share of ₱0.21 for next year compared to ₱0.21 last year. Upcoming Dividend • Dec 04
Upcoming dividend of ₱0.049 per share Eligible shareholders must have bought the stock before 11 December 2024. Payment date: 13 January 2025. Trailing yield: 7.0%. Within top quartile of Filipino dividend payers (6.7%). Higher than average of industry peers (5.4%). Buy Or Sell Opportunity • Nov 28
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at ₱3.02. The fair value is estimated to be ₱3.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 2.7% in 2 years. Earnings are forecast to grow by 6.2% in the next 2 years. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₱0.05 (vs ₱0.06 in 3Q 2023) Third quarter 2024 results: EPS: ₱0.05 (down from ₱0.06 in 3Q 2023). Revenue: ₱457.8m (down 9.7% from 3Q 2023). Net income: ₱344.9m (down 13% from 3Q 2023). Profit margin: 75% (down from 78% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Global Specialized REITs industry. Declared Dividend • Nov 14
Third quarter dividend of ₱0.049 announced Shareholders will receive a dividend of ₱0.049. Ex-date: 11th December 2024 Payment date: 13th January 2025 Dividend yield will be 6.8%, which is higher than the industry average of 4.0%. Upcoming Dividend • Sep 02
Upcoming dividend of ₱0.049 per share Eligible shareholders must have bought the stock before 09 September 2024. Payment date: 04 October 2024. Trailing yield: 7.1%. Within top quartile of Filipino dividend payers (6.5%). Higher than average of industry peers (5.2%). Announcement • Aug 14
Citicore Energy REIT Corp. Announces Dividend, Payable on October 4, 2024 Citicore Energy REIT Corp. announced that dividends for the first half of 2024 was declared on August 9 amounting to PHP 0.049/share. The PHP 0.049/share equates to an annualized yield of 7.1%, based on June 28 closing price of Php 2.79. This will be payable on October 4, 2024 to shareholders on record as of September 10, 2024. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: ₱0.05 (vs ₱0.05 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.05 (in line with 2Q 2023). Revenue: ₱448.0m (up 5.8% from 2Q 2023). Net income: ₱334.1m (up 5.7% from 2Q 2023). Profit margin: 75% (in line with 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Global Specialized REITs industry. Declared Dividend • Aug 11
First quarter dividend of ₱0.049 announced Shareholders will receive a dividend of ₱0.049. Ex-date: 9th September 2024 Payment date: 4th October 2024 Dividend yield will be 7.0%, which is higher than the industry average of 4.0%. Buy Or Sell Opportunity • Jul 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.4% to ₱2.80. The fair value is estimated to be ₱3.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last year. Earnings per share has grown by 16%. Revenue is forecast to grow by 0.3% in 2 years. Earnings are forecast to grow by 2.3% in the next 2 years. Buy Or Sell Opportunity • Jul 01
Now 31% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.8% to ₱2.80. The fair value is estimated to be ₱4.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last year. Earnings per share has grown by 16%. Announcement • Jun 25
Citicore Energy REIT Corp. Announces Executive Changes Citicore Energy REIT Corp. at its organizational meeting of the Board of Directors held on June 21, 2024, approved the resignation of Atty. Celina Marie S. Hilario as Chief Information Officer. The company also approved the appointment of Abigail Joan R. Cosico as Chief Investor Relations, Corporate Communications, and Branding Officer; Steven C. Sy as Corporate Information Officer and Assistant Corporate Secretary; Freniel Mikko P. Austria as Chief Audit Executive. These changes are effective June 21, 2024. Celina Marie S. Hilario resigned due to Personal reasons. Buy Or Sell Opportunity • Jun 20
Now 20% undervalued Over the last 90 days, the stock has risen 2.6% to ₱2.77. The fair value is estimated to be ₱3.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last year. Earnings per share has grown by 16%. Revenue is forecast to grow by 0.3% in 2 years. Earnings are forecast to grow by 2.3% in the next 2 years. Upcoming Dividend • Jun 04
Upcoming dividend of ₱0.049 per share Eligible shareholders must have bought the stock before 11 June 2024. Payment date: 09 July 2024. Trailing yield: 7.6%. Within top quartile of Filipino dividend payers (5.8%). Higher than average of industry peers (5.9%). Buy Or Sell Opportunity • May 30
Now 20% undervalued Over the last 90 days, the stock has risen 3.7% to ₱2.83. The fair value is estimated to be ₱3.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last year. Earnings per share has grown by 11%. Revenue is forecast to grow by 0.3% in 2 years. Earnings are forecast to grow by 2.3% in the next 2 years. Declared Dividend • May 15
Dividend of ₱0.049 announced Shareholders will receive a dividend of ₱0.049. Ex-date: 11th June 2024 Payment date: 9th July 2024 Dividend yield will be 7.1%, which is higher than the industry average of 4.0%. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ₱0.05 (vs ₱0.047 in 1Q 2023) First quarter 2024 results: EPS: ₱0.05 (up from ₱0.047 in 1Q 2023). Revenue: ₱472.8m (up 26% from 1Q 2023). Net income: ₱359.3m (up 18% from 1Q 2023). Profit margin: 76% (down from 81% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Global Specialized REITs industry. Buy Or Sell Opportunity • May 08
Now 20% undervalued Over the last 90 days, the stock has risen 4.8% to ₱2.82. The fair value is estimated to be ₱3.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 59% over the last 3 years. Earnings per share has grown by 45%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings are also forecast to grow by 1.9% per annum over the same time period. Buy Or Sell Opportunity • Apr 15
Now 20% undervalued Over the last 90 days, the stock has risen 5.6% to ₱2.83. The fair value is estimated to be ₱3.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 59% over the last 3 years. Earnings per share has grown by 45%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 2.2% per annum over the same time period. Upcoming Dividend • Apr 10
Upcoming dividend of ₱0.054 per share Eligible shareholders must have bought the stock before 17 April 2024. Payment date: 15 May 2024. Trailing yield: 7.6%. Within top quartile of Filipino dividend payers (5.9%). Higher than average of industry peers (5.9%). Announcement • Apr 09
Citicore Energy REIT Corp., Annual General Meeting, Jun 07, 2024 Citicore Energy REIT Corp., Annual General Meeting, Jun 07, 2024, at 10:00 Singapore Standard Time. Location: 10F Board Room, Rockwell Santolan Town Plaza, 276 Col. Bonny Serrano Avenue San Juan City Philippines Agenda: To consider certification of Notice and Quorum; to consider approval of the Minutes of the Annual Stockholders' Meeting held last June 8, 2023; to consider President's Report - Annual Sustainability Report; to consider ratification of the Acts, Resolutions, and Proceedings of the Board of Directors; to consider ratification of the Audited Financial Statements for the year ended December 31, 2023; to consider election of Directors; to consider appointment of External Auditor; and to consider other Matters. Reported Earnings • Apr 03
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₱0.21 (up from ₱0.20 in FY 2022). Revenue: ₱1.80b (up 31% from FY 2022). Net income: ₱1.40b (up 12% from FY 2022). Profit margin: 78% (down from 91% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 2.4%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Global Specialized REITs industry. Announcement • Mar 28
SM Investments Corporation (PSE:SM) acquired 28.79% stake in Citicore Energy REIT Corp. (PSE:CREIT) from Citicore Renewable Energy Corporation (PSE:CREC) for PHP5 billion. SM Investments Corporation (PSE:SM) acquired 28.79% stake in Citicore Energy REIT Corp. (PSE:CREIT) from Citicore Renewable Energy Corporation (PSE:CREC) for PHP5 billion on March 27, 2024.SM Investments Corporation (PSE:SM) completed the acquisition of 28.79% stake in Citicore Energy REIT Corp. (PSE:CREIT) from Citicore Renewable Energy Corporation (PSE:CREC) for PHP5 billion on March 27, 2024. Declared Dividend • Mar 22
Third quarter dividend increased to ₱0.054 Dividend of ₱0.054 is 5.9% higher than last year. Ex-date: 17th April 2024 Payment date: 15th May 2024 Dividend yield will be 7.4%, which is higher than the industry average of 4.0%. Announcement • Mar 21
Citicore Energy REIT Corp. Declares Cash Dividend, Payable on 15 May 2024 Citicore Energy REIT Corp. declared cash dividends amounting to PHP 0.054 per share 10% higher than the Php0.049/share dividend declared in the previous quarter. This brings total dividends declared out of full year 2023 net income to PHP 0.199 per share, 9% higher than that of 2022 at PHP 0.183 per share. The PHP 0.054 per share is the largest cash dividend declaration since the Company listed in 2022 and equates to an annualized yield of 7.8%, based on the year end 2023 closing price of PHP 2.56. The Dividend Declaration Date is 19 March 2024, Record Date of 18 April 2024, and with a Payment Date slated for 15 May 2024. Buy Or Sell Opportunity • Jan 29
Now 20% undervalued Over the last 90 days, the stock has risen 4.7% to ₱2.65. The fair value is estimated to be ₱3.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 3.0% per annum over the same time period. Buying Opportunity • Jan 15
Now 20% undervalued Over the last 90 days, the stock is up 4.3%. The fair value is estimated to be ₱3.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings is also forecast to grow by 3.0% per annum over the same time period. Upcoming Dividend • Dec 15
Upcoming dividend of ₱0.049 per share at 7.6% yield Eligible shareholders must have bought the stock before 22 December 2023. Payment date: 22 January 2024. Trailing yield: 7.6%. Within top quartile of Filipino dividend payers (5.9%). Higher than average of industry peers (5.7%). Announcement • Dec 15
Citicore Energy REIT Corp. Elects Mr. Emmanuel G. effective 14 December 2023 Citicore Energy REIT Corp. announced that Mr. Emmanuel G. Herbosa was elected as Independent Director of the company last 9 November 2023 to serve the unexpired term of Mr. Leonilo G. Coronel. His election takes effect 14 December 2023. Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: ₱0.06 (vs ₱0.05 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.06 (up from ₱0.05 in 3Q 2022). Revenue: ₱507.2m (up 52% from 3Q 2022). Net income: ₱396.1m (up 30% from 3Q 2022). Profit margin: 78% (down from 92% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Global Specialized REITs industry. Price Target Changed • Sep 29
Price target decreased by 10% to ₱3.05 Down from ₱3.40, the current price target is an average from 2 analysts. New target price is 19% above last closing price of ₱2.56. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₱0.20 for next year compared to ₱0.20 last year. Upcoming Dividend • Sep 01
Upcoming dividend of ₱0.049 per share at 7.6% yield Eligible shareholders must have bought the stock before 08 September 2023. Payment date: 04 October 2023. Trailing yield: 7.6%. Within top quartile of Filipino dividend payers (5.6%). Higher than average of industry peers (5.1%). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: ₱0.05 (vs ₱0.05 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.05 (in line with 2Q 2022). Revenue: ₱423.5m (up 28% from 2Q 2022). Net income: ₱316.1m (up 5.1% from 2Q 2022). Profit margin: 75% (down from 91% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Global Specialized REITs industry. Announcement • Aug 09
Leonilo G. Coronel Resignation as Independent Director of Citicore Energy REIT Corp Mr. Leonilo G. Coronel tendered his resignation as an Independent Director of Citicore Energy REIT Corp. effective 07 August 2023. Reason(s) for Resignation/Cessation: Personal Reason. Recent Insider Transactions • Aug 02
Insider recently bought ₱510k worth of stock On the 27th of July, Jaime Del Rosario bought around 200k shares on-market at roughly ₱2.55 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱8.3m more in shares than they have sold in the last 12 months. Announcement • Jun 10
Citicore Energy Reit Corp. Appoints Danica C. Evangelista as Assistant Corporate Secretary Citicore Energy REIT Corp. at Organizational Meeting of the Board of Directors on 08 June 2023 the company appointed Danica C. Evangelista as Assistant Corporate Secretary. Upcoming Dividend • May 30
Upcoming dividend of ₱0.047 per share at 7.5% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 06 July 2023. Trailing yield: 7.5%. Within top quartile of Filipino dividend payers (5.8%). Higher than average of industry peers (5.4%). Reported Earnings • May 21
First quarter 2023 earnings released: EPS: ₱0.05 (vs ₱0.046 in 1Q 2022) First quarter 2023 results: EPS: ₱0.05 (up from ₱0.046 in 1Q 2022). Revenue: ₱376.4m (up 14% from 1Q 2022). Net income: ₱305.0m (up 1.6% from 1Q 2022). Profit margin: 81% (down from 91% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Global Specialized REITs industry. Announcement • May 20
Citicore Energy REIT Corp., Annual General Meeting, Jun 08, 2023 Citicore Energy REIT Corp., Annual General Meeting, Jun 08, 2023, at 15:00 Singapore Standard Time. Agenda: To consider Approval of the Minutes of the Annual Stockholders' Meeting held last 8 June 2022; to consider President's Report Annual Sustainability Report; to consider Ratification of the Acts, Resolutions and Proceedings of the Board of Directors and Officers up to 8 June 2023; to consider Ratification of the Audited Financial Statements for the year ended Dec. 31, 2022; to consider Election of Directors (including independent directors) to serve for 2023-2024; to consider Appointment of External Auditor; to consider Amendment of By-Law with respect to the fixing of record date; and to consider other matters. Announcement • May 11
Citicore Energy REIT Corp. Declares Cash Dividend for the First Quarter of 2023 Citicore Energy REIT Corp. declared cash dividends amounting to PHP 0.047/share for the first quarter of 2023 - 6.81% higher than the Php0.044/share dividend declared in the same period last year. Upcoming Dividend • Apr 11
Upcoming dividend of ₱0.051 per share at 7.0% yield Eligible shareholders must have bought the stock before 18 April 2023. Payment date: 15 May 2023. Trailing yield: 7.0%. Within top quartile of Filipino dividend payers (5.4%). Higher than average of industry peers (5.5%). Major Estimate Revision • Apr 05
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₱1.93b to ₱1.67b. EPS estimate fell from ₱0.23 to ₱0.20 per share. Net income forecast to grow 6.1% next year vs 1.2% decline forecast for Specialized REITs industry in Philippines. Consensus price target down from ₱3.60 to ₱3.40. Share price was steady at ₱2.53 over the past week. Board Change • Apr 04
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Chief Corporate Affairs & Branding Officer and Director Manuel Ferrer is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 29
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₱0.20 (up from ₱0.081 in FY 2021). Revenue: ₱1.37b (up 290% from FY 2021). Net income: ₱1.25b (up 455% from FY 2021). Profit margin: 91% (up from 64% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Global Specialized REITs industry. Reported Earnings • Dec 23
Third quarter 2022 earnings released: EPS: ₱0.05 (vs ₱0.012 in 3Q 2021) Third quarter 2022 results: EPS: ₱0.05 (up from ₱0.012 in 3Q 2021). Revenue: ₱333.3m (up 456% from 3Q 2021). Net income: ₱305.3m (up ₱275.9m from 3Q 2021). Profit margin: 92% (up from 49% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 12% growth forecast for the REITs industry in Philippines. Upcoming Dividend • Nov 28
Upcoming dividend of ₱0.044 per share Eligible shareholders must have bought the stock before 05 December 2022. Payment date: 05 January 2023. Trailing yield: 7.9%. Within top quartile of Filipino dividend payers (5.6%). In line with average of industry peers (7.4%). Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: ₱0.05 (vs ₱0.02 in 3Q 2021) Third quarter 2022 results: EPS: ₱0.05 (up from ₱0.02 in 3Q 2021). Revenue: ₱333.3m (up 456% from 3Q 2021). Net income: ₱305.3m (up ₱275.9m from 3Q 2021). Profit margin: 92% (up from 49% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 13% growth forecast for the REITs industry in Philippines. Announcement • Nov 15
Citicore Energy REIT Corp. Declares Cash Dividends, Representing Income from the Third Quarter of the Year Alone, and Payable on January 5, 2023 Citicore Energy REIT Corp. declared cash dividends of PHP 0.044 per share last November 9, 2022, representing income from the third quarter of the year alone, and payable on January 5, 2023 to shareholders on record as of December 9, 2022. Recent Insider Transactions • Oct 29
Insider recently bought ₱6.7m worth of stock On the 27th of October, Oliver Tan bought around 3m shares on-market at roughly ₱1.99 per share. This transaction amounted to 83% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱18m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 09
Insider recently bought ₱592k worth of stock On the 5th of September, Jaime Del Rosario bought around 250k shares on-market at roughly ₱2.37 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱11m more in shares than they have sold in the last 12 months. Announcement • Aug 23
Citicore Energy REIT Corp. Announces Resignation of Elaine O. Wong, Corporate Legal Counsel and Assistant Corporate Secretary Citicore Energy REIT Corp. announced that Atty. Elaine O. Wong has voluntarily resigned as corporate legal counsel of Company and as the Company's Assistant Corporate Secretary effective August 22, 2022 in order to pursue a different career path. Announcement • Jul 28
Citicore Energy REIT Corp. Declares Cash Dividend for the Second Quarter of 2022, Payable on September 14, 2022 Citicore Energy REIT Corp. declared cash dividend of another PHP 0.044 per share for the second quarter of 2022, payable on September 14, 2022, shareholders on record as of August 19, 2022 are entitled to said cash dividends. Recent Insider Transactions • Jun 21
Chief Financial Officer recently bought ₱482k worth of stock On the 16th of June, Mia Grace Paula Cortez bought around 200k shares on-market at roughly ₱2.41 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₱9.9m. This was Mia Grace Paula's only on-market trade for the last 12 months. Announcement • May 18
Citicore Energy REIT Approves the Declaration of Cash Dividends for First Quarter of 2022 Payable on June 24, 2022 As contemplated in the Citicore Energy REIT Corp. dividend policy, CREIT Board of Directors (BOD) approved the declaration of cash dividends for first quarter of 2022 of PHP 0.044 per share last May 11, 2022 to its shareholders on record as of June 8, 2022 and payable on June 24, 2022. Starting this year 2022, this becomes a quarterly distribution moving forward. Recent Insider Transactions • May 13
Insider recently bought ₱9.9m worth of stock On the 10th of May, Oliver Tan bought around 4m shares on-market at roughly ₱2.48 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱10.0m more in shares than they have sold in the last 12 months. Announcement • Apr 01
Citicore Energy REIT Corp. (PSE:CREIT) entered into a letter of deed to acquire BULACAN PROPERTY for 1.75 billion. Citicore Energy REIT Corp. (PSE:CREIT) entered into a letter of deed to acquire BULACAN PROPERTY for 1.75 billion on March 30, 2022. Announcement • Feb 24
Citicore Energy REIT Corp. has completed an IPO in the amount of PHP 5.563638 billion. Citicore Energy REIT Corp. has completed an IPO in the amount of PHP 5.563638 billion.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 1,527,273,000
Price\Range: PHP 2.55
Discount Per Security: PHP 0.063
Security Features: Income Trust
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 654,546,000
Price\Range: PHP 2.55
Discount Per Security: PHP 0.063
Security Features: Income Trust
Transaction Features: Regulation S 
