Head Topics

Inside the boardroom with CREIT president Oliver Tan

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 94%

Philippine Stock Exchange News

There are no other power generation companies with a dedicated REIT recycler (AREIT/ACEN is the only other, but it’s not a clear pipeline), and there are certainly no other RE companies that have as clear a long-term development strategy with a REIT subsidiary.

Congratulations on finally getting CREC to the market! It must feel good to be so close to being able to focus entirely on CREC’s development pipeline.There are no other power generation companies with a dedicated REIT recycler , and there are certainly no other RE companies that have as clear a long-term development strategy with a REIT subsidiary. I looked through the prospectus, and the CREIT angle was mentioned but the value of CREIT to CREC wasn’t explicit.

As a long-term investor, this is the type of deal that gets my attention. CREC has a transparent list of projects with a tight focus, and the money raised will go to developing that roster of projects. Once completed, the company plans to "sell" the projects to its REIT subsidiary, freeing up more capital to start the process all over again.

Source: News Formal (newsformal.com)

Stocks Trading

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CREIT earns P359.28M in Q1CITICORE Energy REIT Corp. (CREIT) on Tuesday reported netting P359.28 million in the first quarter, up from P304.96 million a year earlier and attributed to the takeup of newly acquired properties.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

CREIT, MREIT, FILRT all declare Q1 dividendsCiticore Energy REIT and MREIT declared their Q1 dividends on Monday, while Filinvest REIT declared its Q1 dividend on Friday.
Source: PhilstarNews - 🏆 1. / 94 Read more »

Megaworld REIT buying new assetsMREIT Inc. is buying six new assets worth a total of P13.15 billion from sponsor Megaworld Corp. to bring it closer to its 500,000-square-meter (sqm) portfolio target.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

PLDT considers REIT listing for data center businessPangilinan-led PLDT Inc. on Thursday said it is considering having its data center business listed on the Philippine Stock Exchange (PSE) through a real estate investment trust (REIT), with the firm now in talks to sell a stake in the asset to Japan’s Nippon Telegraph and Telephone (NTT).
Source: gmanews - 🏆 11. / 68 Read more »

Cebuano lawyer Oliver Moeller’s breakout momentDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Oliver Almadro relishes first NCAA clash with 'father figure' Roger GorayebMore than two decades later, Oliver Almadro and Roger Gorayeb had a reunion at the exact same stage, only this time as the opposing coaches in NCAA Season 99.  
Source: gmanews - 🏆 11. / 68 Read more »