Citicore Property Management
Citicore Property Management – Business Profile Mission, Vision and Values Board of Directors, Management Team and Executive Officers Organizational Structure Corporate Structure Shareholding Structure Operating Structure Articles of Incorporation and Bylaws
Manual of Corporate Governance Code of Business Conduct and Ethics Annual Corporate Governance Board Committees Enterprise Risk Management Company Policies Corporate Social Responsibility Green Financing Framework
Citicore Property Management
Annual Meeting of Shareholders SEC filings Shareholder and Foreign Ownership Report Notice of Annual or Special Meetings of Shareholders Minutes of all General or Special Meetings of Shareholders PSE disclosures Other disclosures to SEC, PSE and other appropriate agencies
Carbon Farming In The News
IPO Information Center Shareholder Rights Annual Reports SEC Approvals IR Programs IR Offerings C-REIT Prospectus Share Information Share Quote Dividend History Contact IR
Citicore Solar Cebu Citicore Solar Negros Occidental Citicore Solar Tarlac 2 * Citicore Solar Bulacan * Citicore Solar South Cotabato
The operational structure and the relationship of the Company, after the Listing Date, is illustrated in the following diagram:
** The company’s leased properties are those located in Armenia, Toledo, Silay and Dalayap. The Company also generates revenue from wholly owned Clark solar plant.
Burnet Ave #5, North Hills, Ca 91343
*** The company leases properties to Citicore Tarlac 1 (Armenia), Citicore Negros Occidental (Silay), Citicore Cebu (Toledo), and Citicore Tarlac 2 (Dalayap Property). The Tenants own and operate solar power plants on the Rental Properties. Furthermore, the rental prices for ground rent for the leased properties consist of (i) a fixed base rental rate, calculated as [95]% of such tenant’s average historical net operating income for the past four fiscal years, and (ii) a variable rental rate equal to the incremental gross revenue earned by the lessee from any excess of its actual energy generation for the current fiscal year over its average historical energy generation for the past four fiscal years. See “Profit Projection—Assumptions—Revenue and Revenue—Revenue”. Citicore Cebu and Citicore Negros Occidental are wholly-owned subsidiaries of CPI, while Citicore Tarlac 1 and Citicore Tarlac 2 are wholly-owned subsidiaries of CREC.
**** CREC indirectly owns 100% of Citicore Bulacan through Citicore Solar Holdings, Inc., and indirectly owns 100% of Citicore South Cotabato through Sikat Solar Holdco Inc.
# Citicore Solar Bataan, Inc. (“Citicore Bataan”) (formerly Next Generation Power Technology Corp.), an affiliate of the Sponsors, operates a solar power plant with an installed capacity of 18MWpDC in Bataan. Citicore Bataan pays Citicore Negros Occidental certain fees related to the sale of the output of Citicore Bataan, which will contribute to Citicore Negros Occidental’s net operating income and rental payment to the Company for leasing the Silay Property. See “Certain Agreements Relating to the Company and the Properties – Management Agreement between Citicore Bataan and Citicore Negros Occidental.”
Citicore Energy REIT Corp. (C-REIT) is the nation’s first energy REIT, focused on delivering excellent value and attractive returns to shareholders by responsibly utilizing nature’s resources and empowering communities. C-REIT operates as a REIT in compliance with the Philippine REIT Law. Business Profile Mission, Vision and Values Board of Directors, Management Team and Executive Officers Organizational Structure Corporate Structure Shareholding Structure Operating Structure Articles of Incorporation and Bylaws
The Real Deal February 2013 By The Real Deal
Manual of Corporate Governance Code of Business Conduct and Ethics Annual Corporate Governance Board Committees Enterprise Risk Management Company Policies Corporate Social Responsibility Green Financing Framework
Annual Meeting of Shareholders SEC filings Shareholder and Foreign Ownership Report Notice of Annual or Special Meetings of Shareholders Minutes of all General or Special Meetings of Shareholders PSE disclosures Other disclosures to SEC, PSE and other appropriate agencies
IPO Information Center Shareholder Rights Annual Reports SEC Approvals IR Programs IR Offerings C-REIT Prospectus Share Information Share Quote Dividend History Contact IR
Citicore Solar Cebu Citicore Solar Negros Occidental Citicore Solar Tarlac 2 * Citicore Solar Bulacan * Citicore Solar South Cotabato
C 3.31.2015 10q
Megawide Construction Corp. ‘s privately held sister company, Citicore Power Corp., may list its solar assets via the nation’s first energy-focused Real Estate Investment Trust (REIT) offering by October of this year.
Citicore President Oliver Tan said the initial public offering under Citicore Energy REIT Corp. could raise P8 billion to P10 billion and support its bid to become the country’s largest solar power producer.
Tan said their goal was to expand the portfolio to 1,500 MW by 2025, although the current project pipeline would enable them to overtake Vena Energy, the largest solar producer, by the end of 2021.
Citicore could shake up the country’s burgeoning REIT sector, an avenue for listing favored by property developers but whose rules also cater to infrastructure companies.
Citicore Energy Reit: The Country’s First Power Reit
“What we are offering is a diversification for the REIT products,” Tan told reporters in an interview on Wednesday.
He said overseas investors have expressed early interest and Citicore may tap a Japanese investment bank for their international roadshow.
“There are many energy-listed REITs in the Tokyo Stock Exchange,” Tan said. “They are familiar with the product.”
Citicore, which has contracts to sell almost all the power it produces, generated about P1.4 billion in revenue last year.
Philippine Stock Market Weekly
The company is also seeking to ride a wave of investor interest in renewable energy sources, given growing awareness for cleaner energy. Tan estimated the company sequesters about 250,000 metric tons of carbon dioxide annually.
Citicore’s solar projects come with an agricultural twist since the company found a way to grow turmeric and other high-value crops under the series of elevated solar panels.
April 20, 2022 Citicore Energy REIT’s net income, revenue rises in 2021 April 20, 2022 Citicore Energy REIT’s revenue jumps to P226m April 20, 2022 more than doubles revenue to ₱226M in 2021 P 20 million April 20,% 20 million to 20 million . in 2021
Citicore Energy REIT Corp. (C-REIT) is the nation’s first energy REIT, focused on delivering excellent value and attractive returns to shareholders by responsibly utilizing nature’s resources and empowering communities. C-REIT operates as a REIT in compliance with the Philippine REIT Law. Business Profile Mission, Vision and Values Board of Directors, Management Team and Executive Officers Organizational Structure Corporate Structure Shareholding Structure Operating Structure Articles of Incorporation and Bylaws
Inside The Philippines: March 2022 « Alamat Capital
Manual of Corporate Governance Code of Business Conduct and Ethics Annual Corporate Governance Board Committees Enterprise Risk Management Company Policies Corporate Social Responsibility Green Financing Framework
Annual Meeting of Shareholders SEC filings Shareholder and Foreign Ownership Report Notice of Annual or Special Meetings of Shareholders Minutes of all General or Special Meetings of Shareholders PSE disclosures Other disclosures to SEC, PSE and other appropriate agencies
IPO Information Center Shareholder Rights Annual Reports SEC Approvals IR Programs IR Offerings C-REIT Prospectus Share Information Share Quote Dividend History Contact IR
Citicore Solar Cebu Citicore Solar Negros Occidental Citicore Solar Tarlac 2 * Citicore Solar Bulacan * Citicore Solar South Cotabato
Businessmirror September 20, 2022 By Businessmirror
Megawide Construction Corp. ‘s privately held sister company, Citicore Power Corp., may list its solar assets via the nation’s first energy-focused Real Estate Investment Trust (REIT) offering by October of this year.
Citicore President Oliver Tan said the initial public offering under Citicore Energy REIT Corp. could raise P8 billion to P10 billion and support its bid to become the country’s largest solar power producer.
Tan said their goal was to expand the portfolio to 1,500 MW by 2025, although the current project pipeline would enable them to overtake Vena Energy, the largest solar producer, by the end of 2021.
Citicore could shake up the country’s burgeoning REIT sector, an avenue for listing favored by property developers but whose rules also cater to infrastructure companies.
Businessmirror August 22, 2022 By Businessmirror
“What we are offering is a diversification for the REIT products,” Tan told reporters in an interview on Wednesday.
He said overseas investors have expressed early interest and Citicore may tap a Japanese investment bank for their international roadshow.
“There are many energy-listed REITs in the Tokyo Stock Exchange,” Tan said. “They are familiar with the product.”
Citicore, which has contracts to sell almost all the power it produces, generated about P1.4 billion in revenue last year.
Bronx Community Board 3 Report
The company is also seeking to ride a wave of investor interest in renewable energy sources, given growing awareness for cleaner energy. Tan estimated the company sequesters about 250,000 metric tons of carbon dioxide annually.
Citicore’s solar projects come with an agricultural twist since the company found a way to grow turmeric and other high-value crops under its series of elevated solar panels.
April 20, 2022 Citicore Energy REIT’s net income, revenue rises in 2021 April 20, 2022 Citicore Energy REIT’s revenue jumps to P226m April 20, 2022 more than doubles revenue to ₱226 million in 2021 P 20 million April 20,% 20 million to 20 million in 2021
Citicore Energy REIT Corp. (C-REIT) is the nation’s first energy REIT, focused on delivering excellent value and attractive returns to shareholders by responsibly utilizing nature’s resources and empowering communities. C-REIT operates as a REIT in compliance with the Philippine REIT Act. AC Energy, the renewable energy unit of Philippines-based conglomerate Ayala Corp., has finished construction on the 72MW Arayat-Mexico PV plant on the island of Luzon, in partnership with Manila-based Citicore Power.
Burnet Avenue, Unit 5, North Hills, Ca 91343
The 72MW array is the first phase of a larger 116MW solar project to be completed by the end of this year.
AC Energy, the renewable energy unit of Philippines-based conglomerate Ayala Corp., and Citicore Power, which is affiliated with Megawide Construction, said the project is already supplying electricity to the local grid. It is now being assessed by National Grid Corp.
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