Citicore Energy REIT to issue Green Bonds in 2023
Citicore Energy REIT [CREIT 2.3 0.9%] [link] disclosed its 3-Year Plan, and in it, plans to issue Green Bonds with the proceeds going to acquire a rooftop solar project from its sponsor, and to purchase 475 hectares of land that it will lease to solar operators.
CREIT reiterated its goal to expand its portfolio to 780 MW by the end of 2024, and specifically identified a slate of projects that CREIT could acquire from its sponsor to achieve that goal.
MB BOTTOM-LINE
There are plenty of things to like about CREIT, but one thing that goes overlooked by many is CREIT’s transparency when it comes to identifying what it will do and how it will do it.
Every REIT puts out a 3-year plan that says, in some way or another, that the REIT plans to acquire good projects when possible, but very few actually give any real information to back those pillow-talk statements up.
CREIT not only tells you what it plans to do (780 MW by 2025), but it lists out all the projects that it plans to acquire to get to that goal.
Who knows if CREIT will be able to execute on this plan, but they’ve given us a way to judge for ourselves how well things are going.
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Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.
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