CREIT Stock Overview

CREIT, the Philippines’ first renewable energy real estate investment trust and largest renewable energy landlord is powered by its sponsor, Citicore Renewable Energy Corporation. More details

CREIT fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	3/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 30.4% below our estimate of its fair value

Earnings have grown 42.3% per year over the past 5 years

Risk Analysis

Has a high level of debt

My Notes

Capture your thoughts, links and company narrative

Citicore Energy REIT Corp. Competitors

DDMP REIT

PSE:DDMPR

₱18.4b

Filinvest REIT

PSE:FILRT

₱13.9b

Premiere Island Power Reit

PSE:PREIT

₱7.1b

RL Commercial REIT

PSE:RCR

₱90.4b

Price History & Performance

Summary of share price highs, lows and changes for Citicore Energy REIT
Historical stock prices
Current Share Price	₱3.03
52 Week High	₱3.10
52 Week Low	₱2.55
Beta	0.50
1 Month Change	0.66%
3 Month Change	0.66%
1 Year Change	18.36%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	6.69%

Recent updates

Shareholder Returns

	CREIT	PH Specialized REITs	PH Market
7D	0%	-2.3%	-2.3%
1Y	18.4%	3.6%	7.9%

Return vs Industry: CREIT exceeded the PH Specialized REITs industry which returned 3.6% over the past year.

Return vs Market: CREIT exceeded the PH Market which returned 7.9% over the past year.

Price Volatility

Is CREIT's price volatile compared to industry and market?
CREIT volatility
CREIT Average Weekly Movement	2.0%
Specialized REITs Industry Average Movement	2.2%
Market Average Movement	5.2%
10% most volatile stocks in PH Market	10.9%
10% least volatile stocks in PH Market	2.8%

Stable Share Price: CREIT has not had significant price volatility in the past 3 months compared to the PH market.

Volatility Over Time: CREIT's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2010	6	Oliver Tan	www.creit.com.ph/

CREIT, the Philippines’ first renewable energy real estate investment trust and largest renewable energy landlord is powered by its sponsor, Citicore Renewable Energy Corporation. CREC aims to lead the renewable energy revolution by empowering Filipino communities through positive energy. CREC is committed to powering a First-World Philippines with Pure Renewable Energy.

Citicore Energy REIT Corp. Fundamentals Summary

How do Citicore Energy REIT's earnings and revenue compare to its market cap?
CREIT fundamental statistics
Market cap	₱19.83b
Earnings (TTM)	₱1.42b
Revenue (TTM)	₱1.87b

14.0x

P/E Ratio

10.6x

P/S Ratio

Is CREIT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CREIT income statement (TTM)
Revenue	₱1.87b
Cost of Revenue	₱103.56m
Gross Profit	₱1.77b
Other Expenses	₱346.82m
Earnings	₱1.42b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.22
Gross Margin	94.46%
Net Profit Margin	75.91%
Debt/Equity Ratio	99.0%

How did CREIT perform over the long term?

See historical performance and comparison

Dividends

7.1%

Current Dividend Yield

79%

Payout Ratio

Does CREIT pay a reliable dividends?

See CREIT dividend history and benchmarks

When do you need to buy CREIT by to receive an upcoming dividend?
Citicore Energy REIT dividend dates
Ex Dividend Date	Dec 11 2024
Dividend Pay Date	Jan 13 2025
Days until Ex dividend	9 days
Days until Dividend pay date	24 days

Does CREIT pay a reliable dividends?

See CREIT dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 08:57
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Citicore Energy REIT Corp. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Bennette Fajardo	CLSA
Jan Derrick Guarin	CLSA
null null	DBS Bank Ltd

CREIT Stock Overview

Rewards

Risk Analysis

Citicore Energy REIT Corp. Competitors

PSE:DDMPR

₱18.4b

PSE:FILRT

₱13.9b

PSE:PREIT

₱7.1b

PSE:RCR

₱90.4b

Price History & Performance

Recent News & Updates

Price target increased by 11% to ₱3.00

Upcoming dividend of ₱0.049 per share

Now 20% undervalued

Third quarter 2024 earnings released: EPS: ₱0.05 (vs ₱0.06 in 3Q 2023)

Third quarter dividend of ₱0.049 announced

Upcoming dividend of ₱0.049 per share

Recent updates

Price target increased by 11% to ₱3.00

Upcoming dividend of ₱0.049 per share

Now 20% undervalued

Third quarter 2024 earnings released: EPS: ₱0.05 (vs ₱0.06 in 3Q 2023)

Third quarter dividend of ₱0.049 announced

Upcoming dividend of ₱0.049 per share

Citicore Energy REIT Corp. Announces Dividend, Payable on October 4, 2024

Second quarter 2024 earnings released: EPS: ₱0.05 (vs ₱0.05 in 2Q 2023)

First quarter dividend of ₱0.049 announced

Now 21% undervalued after recent price drop

Now 31% undervalued after recent price drop

Citicore Energy REIT Corp. Announces Executive Changes

Now 20% undervalued

Upcoming dividend of ₱0.049 per share

Now 20% undervalued

Dividend of ₱0.049 announced

First quarter 2024 earnings released: EPS: ₱0.05 (vs ₱0.047 in 1Q 2023)

Now 20% undervalued

Now 20% undervalued

Upcoming dividend of ₱0.054 per share

Citicore Energy REIT Corp., Annual General Meeting, Jun 07, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

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.

Third quarter dividend increased to ₱0.054

Citicore Energy REIT Corp. Declares Cash Dividend, Payable on 15 May 2024

Now 20% undervalued

Now 20% undervalued

Upcoming dividend of ₱0.049 per share at 7.6% yield

Citicore Energy REIT Corp. Elects Mr. Emmanuel G. effective 14 December 2023

Third quarter 2023 earnings released: EPS: ₱0.06 (vs ₱0.05 in 3Q 2022)

Price target decreased by 10% to ₱3.05

Upcoming dividend of ₱0.049 per share at 7.6% yield

Second quarter 2023 earnings released: EPS: ₱0.05 (vs ₱0.05 in 2Q 2022)

Leonilo G. Coronel Resignation as Independent Director of Citicore Energy REIT Corp

Insider recently bought ₱510k worth of stock

Citicore Energy Reit Corp. Appoints Danica C. Evangelista as Assistant Corporate Secretary

Upcoming dividend of ₱0.047 per share at 7.5% yield

First quarter 2023 earnings released: EPS: ₱0.05 (vs ₱0.046 in 1Q 2022)

Citicore Energy REIT Corp., Annual General Meeting, Jun 08, 2023

Citicore Energy REIT Corp. Declares Cash Dividend for the First Quarter of 2023

Upcoming dividend of ₱0.051 per share at 7.0% yield

Consensus revenue estimates fall by 13%

High number of new and inexperienced directors

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Third quarter 2022 earnings released: EPS: ₱0.05 (vs ₱0.012 in 3Q 2021)

Upcoming dividend of ₱0.044 per share

Third quarter 2022 earnings released: EPS: ₱0.05 (vs ₱0.02 in 3Q 2021)

Citicore Energy REIT Corp. Declares Cash Dividends, Representing Income from the Third Quarter of the Year Alone, and Payable on January 5, 2023

Insider recently bought ₱6.7m worth of stock

Insider recently bought ₱592k worth of stock

Citicore Energy REIT Corp. Announces Resignation of Elaine O. Wong, Corporate Legal Counsel and Assistant Corporate Secretary

Citicore Energy REIT Corp. Declares Cash Dividend for the Second Quarter of 2022, Payable on September 14, 2022

Chief Financial Officer recently bought ₱482k worth of stock

Citicore Energy REIT Approves the Declaration of Cash Dividends for First Quarter of 2022 Payable on June 24, 2022

Insider recently bought ₱9.9m worth of stock

Citicore Energy REIT Corp. (PSE:CREIT) entered into a letter of deed to acquire BULACAN PROPERTY for 1.75 billion.

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.