The Business Times

Centurion Accommodation Reit

Companies & Markets

Centurion Corporation H2 profit drops 82% to S$40.9 million on lower fair-value gains

For the full year, net profit was down 67 per cent to S$114.8 million

Centurion Accommodation Reit credited its higher-than-forecast revenue to higher rental rates in Singapore, and better-than-expected occupancy rates in its portfolio. Pictured is its Sydney student housing Epiisod Macquarie Park.
Companies & Markets

Centurion Accommodation Reit posts DPU of S$0.01739 in first results since IPO

This is 6.7% higher than its forecast of S$0.0163; its revenue is also higher than forecast

Centurion Corp chief executive Kong Chee Min said the group is taking "baby steps" into the Middle East, where opportunity is ripe.
Companies & Markets
TOPLINE

Centurion Corp eyes Middle East expansion while shoring up domestic presence

The property player is targeting worker and mid-skilled housing in around three countries in the Middle East

The proposed works will add 540 beds to the Westlite Ubi dorm.
Companies & Markets

Centurion Accommodation Reit gets in-principle approval for Westlite Ubi dorm expansion

The proposed works should start by Q2, and will be completed in about 1.5 years

Analysts expect the construction sector to outperform on a construction upcycle supported by post-pandemic project catch-up and infrastructure investments.
Companies & Markets
BROKERS’ TAKE

CGSI initiates coverage on Centurion Accomodation Reit with ‘add’, S$1.38 target price

RHB upgrades Centurion Corporation’s target price to S$1.88 from S$1.86

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