Citicore Energy REIT Corporation (“CREIT” or the “Company”), the country’s first energy REIT, was voted the Philippines’ Best Company in the recently concluded FinanceAsia’s 22nd Best Companies in Asia Poll.
The Company also bagged seven country awards which includes Best Investor Relations, Best Managed Company and Best Small-cap Company in the Philippines. Oliver Tan, CREIT President and CEO also voted Best CEO of the year.
“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 Oliver Tan.
CREIT was also chosen as the Regional Awardee of Best Managed Company under the Energy Category in the recently concluded FinanceAsia’s 22nd Best Companies in Asia Poll.
The Company bested other nominees in the energy industry from Thailand, Taiwan, Pakistan, Malaysia, India, and Hongkong, among others, to slowly rank among the companies in the region, which exhibited notable corporate behavior and performance over the past 12 months, despite being relatively a new kid on the block.
“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,” Oliver Tan, President and CEO of CREIT.
FinanceAsia, a Hong Kong-based publication covering financial and capital markets in Asia, conducts an annual poll among members of the finance industry to determine the best managed companies in the region in categories that include overall management, corporate governance, corporate social responsibility, and corporate leadership. Capital providers, including lenders and investors, participate in the survey and voting process.
CREIT debuted in the Philippine Stock Exchange last February 22, 2022, closing 11% higher at P2.84/share from the P2.55/share IPO price, and was recognized as the best IPO debut in the PSE since 2007. The Company trailblazed the diversification of the local REIT market, going beyond the traditional commercial REITs and launched the first renewable energy-themed REIT in the country.