Centurion Accommodation Reit
Investment story trumps size for Reits; the key is to be sufficiently differentiated
Lessons can be learned from the contrasting fortunes of Centurion Accommodation Reit and UI Boustead Reit
DBS initiates coverage on Centurion Corp with ‘buy’ call on strong bed growth visibility
The brokerage initiates with a target price of S$1.86 per share
Centurion Accommodation Reit’s Q1 NPI of S$37.5 million exceeds expectations
Revenue is 2.7% higher than the projected S$51.1 million; better-than-expected results due to higher occupancy and rental rates
Singapore worker dorm rents could rise 5% in 2026 after a H2 2025 dip, as mandated upgrades roll out
Post-upgrades, rents may be raised to reflect the higher quality and costs of maintaining the facilities
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 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 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
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
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
