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Centurion Corp
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Alignment
Elite |
29-May-2026 11:16
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London is not really relevant for a discussion on this company. Between Centurion and its REIT they only have one asset (under development) in London, which is the only functioning part of the Uk economy. The rest of their assets in UK are elsewhere in poorer areas economically and also lower quality universities which is where the fall in demand will be felt hardest. | ||||
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JAMMIE
Member |
29-May-2026 10:33
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Its a bloody nightmare finding student accomodation for the children. And not just London, its same across EU , AUS, Canada, Singapore etc. But what also happens is that a lot of the cost for " local" students gets subsidized or is kept controlled. Its the international students who find it hard and more expensive student housing, and all that increased prices do not immediately add to the bottom line of the provider becuase majority of the housing is still earmarked for local students.
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lifeisgood
Supreme |
29-May-2026 09:53
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If you have a son studying or working in London, you will know how expensive and difficult it is to find student accomodations. | ||||
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lifeisgood
Supreme |
29-May-2026 00:29
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These are results for are purpose built student accommodation in london very highly demanded?
Search instead for are purpose built student accomodation in london very highly demanded? AI Overview
Yes, Purpose-Built Student Accommodation (PBSA) in London is in extremely high demand. The city faces a persistent structural shortage of quality, high-amenity student beds, driving fierce competition and pushing up rents as demand vastly outpaces the available supply.
Demand for this specific type of accommodation is driven by several key factors:
If you are looking for student accommodation in London, it is highly recommended to secure a booking as early as possible.
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Alignment
Elite |
28-May-2026 22:07
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I made this point some time ago. It' s not just the international students, even the local student numbers are unsustainable as they are cross subsidised by the international students that will decline and when their main subsidy from the government is shrinking because of their budgetary problems. But Centurion have cleverly passed on much of this risk to the REIT they have recently carved out. |
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francisd
Master |
28-May-2026 16:43
Yells: "BUY LOW SELL HIGH" |
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Right now the UK Student housing market is not doing good due to the new immigration policies by the govt and higher fees charged to international students as per reports. In the coming months one can see the results. Beware. Cheers!
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lifeisgood
Supreme |
28-May-2026 16:20
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I am looking for some positive catalysts to propel this stock upwards. Can some experts share their views here? | ||||
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Joelton
Supreme |
14-May-2026 11:02
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Centurion&rsquo s Q1 revenue up 30% to S$89.4 million with growth in Singapore, Australia The company is sanguine about the headwinds in the UK student accommodation sector [SINGAPORE] Accommodation specialist Centurion Corp posted a 29.5 per cent rise in revenue to S$89.4 million for the three months ended Mar 31, it announced after trading hours on Wednesday (May 13). This was driven by new operational beds in its Singapore purpose-built worker accommodation (PBWA) and Australia purpose-built student accommodation (PBSA) assets, along with high occupancy in its PBSA assets in the UK. The PBWA segment&rsquo s Q1 revenue rose 29.7 per cent to S$69.2 million. This was partly due to the consolidation of the Westlite Mandai asset, following the acquisition of an additional 55 per cent interest in it last year. Centurion also added new beds from completed asset enhancements in Singapore, and recorded contributions from the Harum Megah portfolio in Malaysia, acquired last year. PBSA revenue for the quarter was up 30.5 per cent to S$19.6 million, thanks to sustained high occupancy in the UK, as well as positive rental revisions there and in Australia. The company also recorded contributions from the EPIISOD Macquarie Park student accommodation asset in Sydney. Centurion noted that student visa-management measures and cost-of-living concerns are expected to moderate the UK PBSA sector. However, its portfolio of 10 PBSA assets are &ldquo well-located in cities anchored by Russell Group universities, and the (company) will focus on active management to maintain healthy occupancies and rental rates&rdquo , it said. Centurion&rsquo s Chinese build-to-rent asset &ndash 400 apartments at Centurion-Cityhome Gaolin in Xiamen &ndash hit an average financial occupancy of 83 per cent in Q1, down from 90 per cent in Q4 last year. But the fall is &ldquo typical&rdquo in light of the Chinese New Year holiday, the company said. Chief executive Kong Chee Min is &ldquo confident in the structural fundamentals supporting our living sector assets and business&rdquo . The company is focused on enlarging its portfolio of owned and operated assets, growing fee income from management services, and supporting the Centurion Accommodation real estate investment trust, he said. Centurion ended Wednesday at S$1.67, up by S$0.01 or 0.6 per cent. |
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Joelton
Supreme |
06-May-2026 09:24
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Centurion Accommodation Reit&rsquo 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] The manager of on Tuesday (May 5) posted net property income of S$37.5 million for the first quarter ended Mar 31. This is up 2.4 per cent from its prospectus forecast of S$36.6 million, according to the bourse filing. Revenue stood at S$52.5 million for the period, 2.7 per cent higher than the projected S$51.1 million. The better-than-expected results came on the back of higher occupancy and rental rates, as well as stronger currencies such as the British pound and the Australian dollar against the Singapore dollar, partially offset by higher property operating expenses. The business update noted that purpose-built worker accommodation (PBWA) in Singapore registered an occupancy of 94 per cent. It exceeded the expectation of 93.1 per cent. &ldquo This outperformance was driven by higher occupancy, supported by stronger leasing across existing assets and encouraging demand for the newly added bed capacity in Westlite Toh Guan and Westlite Mandai,&rdquo it said. Meanwhile, purpose-built student accommodation (PBSA) assets in the United Kingdom and Australia registered occupancy levels of 99 per cent and 97.5 per cent, respectively. Looking ahead, the Reit&rsquo s accommodation portfolio remains anchored by favourable structural fundamentals across its core markets, said its manager. Tony Bin, CEO of the manager, said: &ldquo We are encouraged by the quarter&rsquo s steady performance, driven by strong occupancy across our portfolio, with results exceeding our initial public offering projections for the second consecutive reporting period.&rdquo The statement added that strong foreign labour demand and limited supply continue to support the PBWA portfolio in Singapore, while robust higher education demand in the United Kingdom and Australia underpins growth in the PBSA portfolio. |
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newbie2019
Veteran |
29-Apr-2026 13:44
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This one, need to have patience before reaching $2.
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Sgvale
Supreme |
29-Apr-2026 08:42
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Target $2.
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Joelton
Supreme |
28-Apr-2026 11:34
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Centurion acquires second key worker accommodation asset in Western Australia for A$28.6 million The freehold property comprises 77 apartments across six storeys [SINGAPORE] Living-accommodation provider Centurion : OU8 -1.82% on Monday (Apr 27) announced that it signed an agreement to buy an operational key worker accommodation in South Hedland, Western Australia, for about A$28.6 million (S$26.1 million). The freehold property comprises 77 apartments across six storeys. It consists of 35 one-bedroom, 36 two-bedroom and six three-bedroom apartments. It sits on a 5,378 square metre site. This will be the second acquisition of such an asset in Western Australia of the group, following its acquisition of Velocity Village and Velocity Motel and Bistro in Karratha earlier this month. The asset commands &ldquo recurring demand&rdquo from workers in the mining and resources sector, alongside essential services workers in government and healthcare sectors requiring quality accommodation and amenities, said the group. It is expected to be earnings accretive upon completion of the acquisition, a statement on Monday noted. Kong Chee Min, chief executive officer of Centurion, said: &ldquo We are moving with intent to scale this new segment, alongside our established worker and student accommodation businesses. We will continue to pursue further opportunities in this segment.&rdquo Shares of Centurion closed flat at S$1.65, prior to the announcement. |
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Joelton
Supreme |
22-Apr-2026 11:16
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Centurion Corp' s A$45 mil acquisition of miners' dorm in Australia is akin to a ' toll road' : UOBKH Adrian Loh of UOB Kay Hian has kept his " buy" call and $1.90 target price on Centurion Corp after the dormitory operator acquired an asset in Australia for miners for A$45 million. " We view this as a strategic opportunity to acquire an operational, income-generating asset at appraised value with zero development risk," says Loh in his April 20 note. On a pro forma basis, if the deal was completed on Jan 1 2025, it would add 5% to its earnings per share - a " modest but meaningful" - given how the size is equivalent to around 3% of the market cap. " In addition, we view the implied 2025 PE acquisition multiple of 7.1x as conservative relative to CENT&rsquo s existing asset base and its 2027E PE of 10.9x," adds Loh. The asset is in the town of Karratha, where some 46,000 mining workers rotate through monthly. The town has a capacity of 13,000 beds for these so-called " fly in, fly out" miners but " severe" shortage remains during peak periods. " Against this backdrop, we view Centurion' s Karratha asset not as a cyclical bet on commodity prices but instead a toll-road on the structural, non-discretionary accommodation needs of a workforce that sustains one of the world&rsquo s most irreplaceable resource export corridors," says Loh. The way Loh sees it, this acquisition is a " logical extension" in what is seen as a " strong" business segment. The " structural similarities" are " compelling" as workers dormitories in Australia and Singapore are seen as asset-heavy, operationally intensive, have long duration demand driven by institutional rather than retail clients. Over time, this asset, according to Loh, will likely be injected into Centurion Accommodation REIT, which UOB Kay Hian has a " buy" rating and $1.51 target price. For now, Loh is keeping his earnings forecast for the current FY2026 to FY2028. His target price of $1.90 is based on 12.4x earnings, which is 1sd above Centurion' s long term average PE, excluding the COVID-19-affected years of 2019-23. " We believe that this target PE multiple is undemanding given the company&rsquo s earnings growth over the next two years. " With expanding bed capacity, structurally undersupplied living sectors and improved leverage metrics, earnings visibility for 2026-27 appears strong, in our view," he adds. |
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stlimst
Master |
21-Apr-2026 12:30
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Centurion Corp should be a $2 share. Honestly, don' t understand why this one is languishing at $1.6X. Look at the huge cash horde and the good business of purposed-built accommodation. They also successfully listed Cent Acco REIT which is doing well too. I guess it is the SGX factor..sigh
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Joelton
Supreme |
21-Apr-2026 11:29
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Centurion enters new key worker segment with S$41.1 million Australian buy It provides stay options for essential workers [SINGAPORE] Living accommodation provider Centurion on Monday (Apr 20) said it has entered the specialised &ldquo key worker accommodation&rdquo segment with the buy of an operational property in Western Australia for about S$41.1 million. The region accounts for about two-thirds of national mining production and produces more than 90 per cent of the country&rsquo s iron ore, supporting 13,000 jobs. Most of this workforce is &ldquo fly-in, fly-out&rdquo , spending a few weeks near the job site before returning home, and requires accommodation, said Centurion. As an existing operating asset with established facilities and amenities, the property is also expected to be earnings accretive. Had the purchase been completed on Jan 1, 2025, earnings per share would have climbed from S$0.1365 to S$0.1434, added Centurion. The asset comprises Velocity Village, a 93-room worker accommodation facility with 186 beds and Velocity Motel & Bistro, which offers 135 executive-style single-occupancy rooms and associated amenities. Velocity Village serves the operational workforce in the resources sector, while the Motel & Bistro caters to the industry&rsquo s professional and managerial staff. The property primarily serves corporate clients, with stays booked and managed by employers. The Western Australia acquisition, in Karratha, marks Centurion&rsquo s entry into the specialised key worker accommodation (KWA) segment. The group has operated businesses in purpose-built worker accommodation and purpose-built student accommodation since 2011 and 2014, respectively. Following the spin-off and listing of Centurion Accommodation Reit, the group added that it is &ldquo well-positioned to deploy capital strategically into new growth areas&rdquo and is &ldquo actively exploring further opportunities in the KWA segment across Australia and in other markets&rdquo . Shares of Centurion rose 0.6 per cent to close S$0.01 higher at S$1.68 on Friday. |
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stlimst
Master |
10-Apr-2026 11:49
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At current price, Cent Accom REIT is worth $1.13 Dividend is $0.02, If you hold 10000 CCL shares,total payout expected to be $1330. This is a whopping 7.9% payout. You may think that after XD, price of CCL will drop. But if you follow their business updates, CCL holds huge cash warchest. So I think there' s more to come.
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stlimst
Master |
10-Apr-2026 09:31
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Invested in this one. The in-specie disribution of Cent Accom REIT coming soon. Still have dividend. More goodies to come. |
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stargazer88
Member |
06-Apr-2026 10:20
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https://links.sgx.com/1.0.0/corporate-announcements/KZWRBXHDDDQY8KS6/a59dd124a91a0c0639017fcb198e060d1ca3af1e974061bddf5840cf7df96dc9
https://links.sgx.com/1.0.0/corporate-announcements/MU59X9PSJFJL21JP/3546b11cb4091e2a8a8608d6232aa5ad10bf2604a4034728765a65953a235b3a
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pasttime
Supreme |
23-Mar-2026 15:51
Yells: "gold silver are real money. not others iou." |
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this one should be safe from the war. as economy bad will have more projects to churn economy. more demand for accomodations. |
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Joelton
Supreme |
23-Mar-2026 11:18
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Centurion CEO and chairmen continue buying
Executive director and joint chairman David Loh and non-executive director and joint chairman Han Seng Juan continued to increase their interests in the accommodation assets group.
Between Mar 13 and 18, Han acquired 588,600 shares at an average price of S$1.45 each, raising his total interest to 56.05 per cent from 55.99 per cent.
On Mar 17, Loh purchased 200,000 shares at an average price of S$1.45 apiece. This lifted his total interest to 60.04 per cent from 60.02 per cent.
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