ShareJunction - Stock Forum Messages

Cent Accom REIT Last:1.04 -

CAREIT -first accomondation REIT

Given it is the only SGX accomodation REIT it certainly helps to diversify a portfolio.

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

Very generous of Centurion to leave some value on the table in the IPO for buyers.

Centurion Accommodation is performing very well since hived off from Centurion.

why drop today?

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.

Centurion NAV must be something like 1.39 now...

huat ar

gonna close at 113?

since its debut few weeks ago, hv never seen this tirns red, support for this ipo is simply incredible🤓

This Reit will fly tomorrow with the newly acquired dorm!!!!!!!

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.

i don' t understand why suddenly so many industrial reits IPO
maybe got backing ...

Finally break above 1.05 after consolidation period.

sincerely hope for another new high today

huat to those vested

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.

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.

huat ar

close at 1.04, think more to come

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

Login Register

CAREIT -first accomondation REIT