Citicore Energy REIT [CREIT 2.88, up 1.1%; 134% avgVol] [link] posted an FY23 net income of P1.40 billion, up 11.6% from its FY22 net income of P1.25 billion, powered by CREIT’s “strong guaranteed lease base” and new contributions from FY23 acquisitions from its parent company, Citicore Renewable Energy Corp. (CREC). Revenues were up 31% to P1.8 billion, with P1.59 billion coming from CREIT’s guaranteed base leases and P33.9 million coming from its variable lease profit-sharing clauses. CREIT said that its financing cost increased 1660% to P292 million, due mainly to coupon payments on its recent green bond issuance. CREIT used the proceeds of the green bond issuance to acquire properties from CREC.