CREIT Voted Philippines' Best Company In FinanceAsia Poll

Citicore Energy REIT (CREIT), the country's first energy REIT, was named Best Company in the Philippines in the recently concluded FinanceAsia's 22nd Best Companies in Asia Poll.

Photo Insert: CREIT President and CEO, Oliver Tan was also named Best CEO of the Year.

In addition, the company received seven country honors, including Best Investor Relations, Best Managed Company, and Best Small-cap Company in the Philippines.

“We would like to thank FinanceAsia for continuing to provide the platform that allows the financial community to vote for deserving and well-managed companies to be recognized. We are very grateful to the investing public for believing and supporting CREIT’s ideals and value proposition, being the first renewable energy REIT in the market. What made this one-of-a-kind offering even more memorable is that the groundworks were completed during the time of the pandemic,” said CREIT President and CEO, Oliver Tan.

Tan was also named Best CEO of the Year.

Despite being a relative newcomer to the energy industry, the Company outperformed other nominees from Thailand, Taiwan, Pakistan, Malaysia, India, and Hong Kong, among others, to gradually rank among the companies in the region that exhibited notable corporate behavior and performance over the past 12 months.

“This recognition speaks volumes of the kind of management, operations, and prospects of the Company, despite being relatively a new kid on the block. We are also grateful to the investment community for recognizing the Company’s efforts and achievements, even in our early days. We look forward to your continued support and confidence as we navigate and power on through these turbulent times,” Tan added.

CREIT debuted on the Philippine Stock Exchange on February 22, 2022, closing 11 percent higher at P2.84/share from the IPO price of P2.55/share, and was hailed as the best PSE IPO debut since 2007.

The Company pioneered the diversification of the local REIT sector by going beyond standard commercial REITs and launching the country's first renewable energy-themed REIT.

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