CREIT earnings up 5-fold to P601M in H1

By Eireene Jairee Gomez

Jul 28, 2022 12:15 am

CITICORE Energy REIT Corp., the country's first energy REIT, posted a net income of P601 million in the first six months of 2022, more than five times the P89 million posted in the same period last year.

In a disclosure to the Philippine Stock Exchange on Wednesday, CREIT said gross revenues jumped by 408 percent to P664 million for the first half of the year, which mainly consisted of lease income from the guaranteed base lease from various solar plant companies.

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