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Centurion
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Centurion Corp
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stlimst
Master |
18-Sep-2025 10:15
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The most disappointng stock in my portfolio. Despite all the good news and great business prospect, the share price slump. BBs totally not interested in this one. just keep until the distribute the Accomodation REIT in-specie later.  
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Whitelotus33
Member |
17-Sep-2025 12:04
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Construction bosses telling me they are hiring everyone they can find. Bed rates going up, capacity increasing by 12%, dividend in specie in Q1 2026. People are taking profits? lol.  Buying aggressively at 1.70.  |
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Alignment
Elite |
13-Sep-2025 12:08
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Buy on rumour sell on news is often the way with the market | ||||
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spore1
Supreme |
12-Sep-2025 21:58
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If 1.70 cannot hold up well then perhaps we may see her testing 1.58.
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beng1102
Elite |
12-Sep-2025 21:24
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Anyone looking at the candlestick of yesterday and today will tell u there is a lot of selling pressure.  Likely those who bought the share prior to the news are is good position to take profit.    I thik that is likely a very big number and we can expect selling to continue.
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Joelton
Supreme |
12-Sep-2025 11:08
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Centurion Accommodation Reit to offer 262 million units at S$0.88 apiece in mainboard listing
Spinoff from mainboard-listed Centurion aims to raise S$1.5 billion
 
[SINGAPORE] Mainboard-listed   Centurion Corp   : OU8 +2.27% is spinning off several of its worker accommodation properties into a Singapore-listed real estate investment trust, or S-Reit. 
 
In its initial public offering (IPO) prospectus lodged on Thursday (Sep 11), Centurion said it will offer a total of 262.2 million units - comprising an international placement tranche of 248.96 million units and a public offering of 13.2 million units - at an offer price of S$0.88 per unit. 
 
The manager intends to raise gross proceeds of approximately S$1.5 billion from the offering, the cornerstone units, the sponsor subscription units and the consideration units.
 
Following the offering, the new Centurion Accommodation Reit will have 1.7 billion issued units, of which 787.4 million units will be held by Centurion Holdings, the Reit&rsquo s sponsor, and 614 million units will be held by the 16 cornerstone investors.
 
Its cornerstone investors include Amova Asset Management, DBS Bank, Eastspring Investments and Lion Global Investors.
 
The initial portfolio of Centurion Accommodation Reit will comprise 14 assets, with five purpose-built worker accommodation assets located in Singapore, eight purpose-built student accommodation located in the United Kingdom, and one student accommodation asset located in Australia. The initial portfolio has an aggregate appraised value of approximately S$1.8 billion.
 
The Reit will acquire one more student accommodation in Australia &ndash Epiisod Macquarie Park &ndash following the listing.
 
Centurion said that the Reit will be the first pure-play purpose-built living accommodation Reit listed on the Singapore Exchange (SGX). Its initial exposure to the Singapore, UK and Australia markets will benefit from &ldquo favourable fundamentals and strong growth outlook driven by robust demand and supply dynamics&rdquo . 
 
It noted that there is high demand for foreign labour in Singapore, providing &ldquo favourable fundamentals&rdquo for the purpose-built worker accommodation sector in Singapore. There is also robust growth in the purpose-built student accommodation sectors in the UK and Australia due to strong demand for higher education and insufficient supply of accommodation for this segment.
 
The purpose-built worker accommodation assets in the initial portfolio have an occupancy rate of 96.9 per cent, while the purpose-built student accommodation assets have an occupancy rate of 96.8 per cent for the three-month period ended Mar 31, 2025.
 
Average rents for the worker accommodation assets rose at a compound annual growth rate of 26.3 per cent over FY2022 to FY2024. The Reit&rsquo s student accommodation assets rose at a compound annual growth rate of 11.3 per cent over the same period.
 
The proceeds raised will go towards partial payment of the initial portfolio, payment of transaction costs related to the acquisition of the initial portfolio, the offering, loan facilities and working capital.
 
Centurion said that the enlarged portfolio, which includes the Epiisod Macquarie Park property, is projected to provide distributed per unit yields of 7.47 per cent in FY2026, and 8.11 per cent in FY2027, based on the offering price.
 
The Reit&rsquo s leverage ratio will be about 20.9 per cent at IPO, and around 31 per cent after the acquisition of Epiisod Macquarie Park.
 
On a pro forma basis, the initial portfolio&rsquo s gross revenue is S$161 million, and the net property income is S$113 million in FY2024.
 
Tony Bin, who was previously the chief executive officer of Centurion Properties, will be the CEO of the Reit manager. He has more than three decades of professional experience across banking and various real estate asset classes.
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Joelton
Supreme |
12-Sep-2025 11:07
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Centurion soars 7.4% on the back of IPO for Centurion Accommodation Reit
 
[SINGAPORE] Shares of Centurion soared nearly 7.4 per cent on Thursday afternoon (Sep 11) shortly after it gave details on the proposed listing of its Centurion Accommodation Reit on the main board.
 
The counter jumped $0.13 to S$1.89, peaking at 1.06pm, having closed at S$1.76 on Sept 10. More than 4.6 million shares changed hands as at 3.26pm. 
 
Centurion called for a trading halt before the market opened, and lifted the halt before the midday trading break ended. 
 
Earlier in the day, it said Centurion Accommodation Reit plans to offer 262 million units at S$0.88 apiece in a mainboard listing.
 
Following the offering, the Reit will have 1.7 billion issued units, of which 787.4 million units will be held by Centurion Holdings, the Reit&rsquo s sponsor, and 614 million units will be held by the 16 cornerstone investors.
 
Its cornerstone investors include Amova Asset Management, DBS Bank, Eastspring Investments and Lion Global Investors.
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ysh2006
Supreme |
12-Sep-2025 10:34
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Still early Nov than play... now try Wee Hur also mentioned on Sunday paper highlighted stock.
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iinvestor
Veteran |
12-Sep-2025 10:03
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16 cornerstone investors...minus top one...each $27m. | ||||
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cfdking
Senior |
12-Sep-2025 09:16
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just look at the mother share, if so good why it trade so  strangely??? | ||||
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tonyphua
Member |
12-Sep-2025 00:50
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Accomodation is their prized asset, that' s why the Company is still holding the main bulk of the shares...
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tonyphua
Member |
12-Sep-2025 00:44
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Just look at the issue size, the cornerstone investors & the number allotted for retail, one wld be lucky to get some. Good luck All!   OFFERING PRICE:  SGD0.88 per unit   MARKET CAPITALISATION:  c.SGD1,513.0m / 1,719.3m units outstanding  FREE FLOAT (% OF MARKET CAPITALISATION):  Up to 42.0% (before Over-Allotment Option) Up to 45.0% (assuming Over-Allotment Option is fully exercised)  TOTAL OFFERING SIZE  (CORNERSTONE TRANCHE & BASE OFFERING BEFORE OVER-ALLOTMENT OPTION):  c.SGD771.1m / 876.2m units, which comprise the following: Cornerstone Investors:  c.SGD540.4m / 614.0m units (70.1% of the Total Offering Size) committed by the following investors:
  Base Offering (Excluding Cornerstone Tranche):  SGD230.7m / 262.2m units, comprising (i)                                    249.0m units (SGD219.1m) (c.  28.4%  of the Total Offering Size) for international placement to investors, outside of the United States of America and (ii)                                13.2m units (SGD11.6m) (c.1.5%  of the Total Offering Size) for public offer in Singapore OVER-ALLOTMENT OPTION:  c. Up to SGD45.0m / Up to 51.1m units  |
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Alignment
Elite |
11-Sep-2025 22:58
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Is your comment about the riskiness of centurion reit fair and balanced? Don' t think capland and mapletree reits will be yielding 8% DPU yield anytime soon. |
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cfdking
Senior |
11-Sep-2025 15:53
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There are so many big names sponser reits like capland & mapltree why choose centurion reits which may go burst anytime | ||||
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cfdking
Senior |
11-Sep-2025 15:46
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Projected only...otherwise nobody will be interested nto  subscribing .. NTT DC also 7% n wa happen??
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chinhm88
Member |
11-Sep-2025 15:45
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Wth Go up 10 cent and come all the way down. Pump and dump. | ||||
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stlimst
Master |
11-Sep-2025 15:13
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Centurion REITs prospectus out. 262.2 million units priced at 88 cents Projected DPU is 7.47% (2026) to 8.11% (2027) Everybody huat huat!!
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pc1234
Member |
11-Sep-2025 08:04
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Trading halt, pending announcement. | ||||
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stlimst
Master |
09-Sep-2025 22:53
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Today' s Business Times headline on strong growth of Singapore workers dormitory rental :
Singapore worker dormitory rents up 81.5% since 2019 as demand and costs grow: reportYear on year, rents rise 8.9% in H1 2025 to an average of S$490 per bed per month https://www.businesstimes.com.sg/property/singapore-worker-dormitory-rents-81-5-2019-demand-and-costs-grow-report Bodes very well for Centurion and Wee Hur. Again, surprise that Centurion' s share price still at 1.78. |
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Joelton
Supreme |
03-Sep-2025 12:14
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Centurion unit acquires Johor dorm operator for RM110.8 million, ups bed capacity by 25%
This acquisition expands Centurion&rsquo s Malaysian portfolio to 35,610 beds
 
[SINGAPORE] A unit of dormitory operator Centurion Corporation has acquired another dormitory operator in Johor for RM110.8 million (SG$33.2 million), the mainboard-listed company said in a bourse filing on Tuesday (Sep 2).
 
Centurion&rsquo s wholly owned subsidiary Centurion Dormitories did so by acquiring all the issued shares in Malaysia-incorporated Harum Megah, the group said. The acquisition is funded by the internal resources of the subsidiary.
 
Harum Megah owns and operates a portfolio of six purpose-built worker accommodation in Johor, with a total of 7,197 beds.
 
With the acquisition, Centurion&rsquo s Malaysian portfolio will expand to 35,610 beds, representing a 25 per cent increase in total bed capacity.
 
&ldquo Strategically located in mature industrial estates, the six assets benefit from strong migrant workforce catchment, supported by healthy occupancies and an established customer base, and will be immediately accretive to the group&rsquo s earnings,&rdquo Centurion said.
 
The company noted that all six assets are fully operational and licensed as centralised labour quarters.
 
Centurion noted that it signed a letter of intent with the Iskandar Regional Development Authority, expressing intent to double its bed capacity in Johor in the next five years, with a potential investment of between RM300 million and RM500 million into the Johor-Singapore Special Economic Zone (JS-SEZ).
 
It said the acquisition marks &ldquo a significant step&rdquo in advancing this strategy.
 
Centurion&rsquo s operational worker accommodation assets are managed under the &ldquo Westlite Accommodation&rdquo brand, which has 10 worker accommodation assets in Singapore, eight in Malaysia and one in China.
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