Here’s a recent interview with CREIT’s Oliver Tan:

It’s good to know that CREIT is working on its expansion plans and they are issuing P 3B in green bonds to finance this. As Oliver mentioned, the solar power plant business will continue to remain robust even in a low or no power demand growth scenario. This means that CREIT’s tenants will continue to pay rent and its stockholders will continue to receive dividends.

Oliver also explained the low share price of all REITs caused by high interest rates but what I never quite understand is how CREIT’s share price is being discounted heavily along with the office REITs who face a different set of challenges with POGO and work from home arrangements. The market is just putting all the REITs in one basket and discounting all of them. The upside is that income investors can load up on CREIT shares which are essentially on sale at the moment.

CREIT aims to be the largest landlord of solar power plants in the country with 700 hectares of leasable area. With a dividend yield of around 9% (at recent share price) and a projected dividend per share (DPS) growth of +20% for next year, I’m not complaining at all.