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CAREIT -first accomondation REIT Post Reply Rate topic
Alignment Elite	26-Nov-2025 10:05        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Given it is the only SGX accomodation REIT it certainly helps to diversify a portfolio.
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huattuatua Elite	26-Nov-2025 09:41        huattuatua About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fidelity funds has been gradually increasing their stakes in this company on behalf of their clients (think basically all these high nett worth individuals are buying thru their nominees) this kind of company is not for gamblers/traders,but those looking on a longer term horizon with a good yield and possibly cap appreciation. https://links.sgx.com/FileOpen/_eform3v2_FIL_final_24112025.ashx?App=Announcement& FileID=867983
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Alignment Elite	19-Nov-2025 19:54        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Very generous of Centurion to leave some value on the table in the IPO for buyers.
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Sgvale Supreme	19-Nov-2025 15:24        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Centurion Accommodation is performing very well since hived off from Centurion.
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Cadence88 Veteran	27-Oct-2025 13:33        Cadence88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	why drop today?
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Alignment Elite	24-Oct-2025 11:19        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	It has hit my $1.10 target. The market has since moved up a bit so I would probably add another couple of percent to the valuation on a relative value basis, on top of which there is still the diversification premium I mentioned before. And there is the accrued dividend inherent in the share that I did not factor into my previous analysis. So perhaps $1.20 is fair value now.   Whitelotus33      ( Date: 02-Oct-2025 09:01) Posted: Very helpful thank you. I think the Centurion REIT is more attractive than office and hospitality exposure in the medium term because of the resilient demand and the barriers to entry in worker accomodation (zoning, regulation, MOM gradual tightening of non-PBWA). Even if you look longer than 5 years out, a bullish case is that any drop in foreign worker numbers due to moderating construction / productivity gains (questionable) will be offset by MOM taking non-PBWA off the market.  Alignment      ( Date: 01-Oct-2025 10:25) Posted: Thinking about what the right price is for this REIT on a relative (i.e. compared to other SREITs) basis, my thinking is as follows. Looking for a starting point I pick OUE REIT. The market cap is almost identical and it is one of the smaller manager/sponsor. OUE REIT is trading at a DPU yield of 6.2% at the current share price of 34 cents. The leverage is 40% excluding preference shares and 44% including preference shares. Centurion REIT has a DPU for the initial portfolio of 7.02 cents in 2027 at a leverage of 20.9% and a DPU for the expanded portfolio of 7.14 cents at a leverage of 31%. Extending this on a linear basis to a leverage of 44% gives a DPU of 7.3 cents. At a 6.2% DPU yield the implied share price for Centurion REIT is $1.18. Finally, discount this by a year to the start of 2026 assuming a cost of equity of 6.5% and you get to a valuation of $1.10 a share as at the start of 2026. Can debate the inputs etc but the framework is hopefully clear. If you disagree with the inputs you can put in your own. I would argue this REIT should trade at a slight premium to the $1.10 I calculated because of rarity/diversification premium.
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Whitelotus33 Member	22-Oct 23:29        Whitelotus33 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Centurion NAV must be something like 1.39 now...
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huattuatua Elite	22-Oct-2025 17:02        huattuatua About Contact  Quote this Post!
x 0   x 0  Alert Admin	huat ar gonna close at 113?
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huattuatua Elite	22-Oct-2025 16:11        huattuatua About Contact  Quote this Post!
x 0   x 0  Alert Admin	since its debut few weeks ago, hv never seen this tirns red, support for this ipo is simply incredible🤓
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Newbie85 Veteran	14-Oct-2025 23:14        Newbie85 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This Reit will fly tomorrow with the newly acquired dorm!!!!!!!
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Alignment Elite	14-Oct-2024 10:09        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	REITs are typically targeting investors who are looking for high cash yields. High end commercial and retail properties in particular are priced too expensive to provide this, so industrial properties fill a sweet spot for this investor base.
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Tob231 Elite	14-Oct-2025 12:29        Tob231 About Contact  Quote this Post!
x 0   x 0  Alert Admin	i don' t understand why suddenly so many industrial reits IPO maybe got backing ...
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Alignment Elite	14-Oct-2025 11:02        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Finally break above 1.05 after consolidation period.
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huattuatua Elite	02-Oct-2025 10:09        huattuatua About Contact  Quote this Post!
x 0   x 0  Alert Admin	sincerely hope for another new high today huat to those vested
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Whitelotus33 Member	02-Oct-2025 09:01        Whitelotus33 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very helpful thank you. I think the Centurion REIT is more attractive than office and hospitality exposure in the medium term because of the resilient demand and the barriers to entry in worker accomodation (zoning, regulation, MOM gradual tightening of non-PBWA). Even if you look longer than 5 years out, a bullish case is that any drop in foreign worker numbers due to moderating construction / productivity gains (questionable) will be offset by MOM taking non-PBWA off the market.  Alignment      ( Date: 01-Oct-2025 10:25) Posted: Thinking about what the right price is for this REIT on a relative (i.e. compared to other SREITs) basis, my thinking is as follows. Looking for a starting point I pick OUE REIT. The market cap is almost identical and it is one of the smaller manager/sponsor. OUE REIT is trading at a DPU yield of 6.2% at the current share price of 34 cents. The leverage is 40% excluding preference shares and 44% including preference shares. Centurion REIT has a DPU for the initial portfolio of 7.02 cents in 2027 at a leverage of 20.9% and a DPU for the expanded portfolio of 7.14 cents at a leverage of 31%. Extending this on a linear basis to a leverage of 44% gives a DPU of 7.3 cents. At a 6.2% DPU yield the implied share price for Centurion REIT is $1.18. Finally, discount this by a year to the start of 2026 assuming a cost of equity of 6.5% and you get to a valuation of $1.10 a share as at the start of 2026. Can debate the inputs etc but the framework is hopefully clear. If you disagree with the inputs you can put in your own. I would argue this REIT should trade at a slight premium to the $1.10 I calculated because of rarity/diversification premium.
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Alignment Elite	01-Oct-2025 10:25        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Thinking about what the right price is for this REIT on a relative (i.e. compared to other SREITs) basis, my thinking is as follows. Looking for a starting point I pick OUE REIT. The market cap is almost identical and it is one of the smaller manager/sponsor. OUE REIT is trading at a DPU yield of 6.2% at the current share price of 34 cents. The leverage is 40% excluding preference shares and 44% including preference shares. Centurion REIT has a DPU for the initial portfolio of 7.02 cents in 2027 at a leverage of 20.9% and a DPU for the expanded portfolio of 7.14 cents at a leverage of 31%. Extending this on a linear basis to a leverage of 44% gives a DPU of 7.3 cents. At a 6.2% DPU yield the implied share price for Centurion REIT is $1.18. Finally, discount this by a year to the start of 2026 assuming a cost of equity of 6.5% and you get to a valuation of $1.10 a share as at the start of 2026. Can debate the inputs etc but the framework is hopefully clear. If you disagree with the inputs you can put in your own. I would argue this REIT should trade at a slight premium to the $1.10 I calculated because of rarity/diversification premium.
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Whitelotus33 Member	01-Oct-2025 09:06        Whitelotus33 About Contact  Quote this Post!
x 0   x 0  Alert Admin	At 1.04, the yield is 6.3% Is 5.5% an attractive yield for this asset with strong pricing power for the next five years? At that yield, the price is 1.20.
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huattuatua Elite	30-Sep-2025 17:06        huattuatua About Contact  Quote this Post!
x 0   x 0  Alert Admin	huat ar close at 1.04, think more to come
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cfdking Senior	30-Sep-2025 09:08        cfdking About Contact  Quote this Post!
x 0   x 0  Alert Admin	cornerstone investor who own 35.7% of all issued units are not subject to any lockup period??? Whitelotus33      ( Date: 29-Sep-2025 22:14) Posted: Some funds have purchased large % of the REIT. https://links.sgx.com/1.0.0/corporate-announcements/5I5FNSUYSVEQMP0D/25c409d615a639b063752726e8251669bfb3629df722bf62c2903df34cd167fa
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Whitelotus33 Member	29-Sep-2025 22:14        Whitelotus33 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Some funds have purchased large % of the REIT. https://links.sgx.com/1.0.0/corporate-announcements/5I5FNSUYSVEQMP0D/25c409d615a639b063752726e8251669bfb3629df722bf62c2903df34cd167fa
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