reports
- Clarence Chu
Citicore Energy REIT IPO
Citicore Energy REIT is looking to raise around US$170m in its Philippines IPO. Citicore Energy REIT is a Philippine REIT with a focus on sustainable infrastructure projects. The initial portfolio will consist of the Clark Solar Power Plant, Armenia Property, Toledo Property, Silay Property, and the Dalayap Property, which had a total appraised valuation of PHP10.9bn (US$214.3m) In our view, the REIT needs to come at a wider discount to peers, in terms of dividend yield. Its stable income gen...
- Clarence Chu
Citicore Energy REIT IPO
Citicore Energy REIT is looking to raise around US$170m in its Philippines IPO. Citicore Energy REIT is a Philippine REIT with a focus on sustainable infrastructure projects. The initial portfolio will consist of the Clark Solar Power Plant, Armenia Property, Toledo Property, Silay Property, and the Dalayap Property, which had a total appraised valuation of PHP10.9bn (US$214.3m) The REIT will be the first of its kind, and the first non-office REIT listing in the Philippines. Its rental income...
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