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not really bro. they will distribute the units as dividends in specie next year because the shareholders retain about 45% of the REIT through centurian share. I feel the current share price drop in centurian already reflects the anticipated value of the REIT. ITs a bit tricky though. the shareholders wont be rewarded till next 6 months, and thats a long time.
LoudShout ( Date: 25-Sep-2025 16:53) Posted:
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closed at 95c from ipo of 88c ...thought very hot due to over- subscription of 16 times ???
- CapitaLand & rarr CapitaLand Mall Trust (CMT): CapitaLand distributed CMT units to its shareholders when it carved out malls into a REIT.
- Frasers Centrepoint & rarr Frasers Hospitality Trust: Frasers distributed stapled securities of the REIT to shareholders.
- Some other sponsors (e.g., Keppel, Mapletree, Ascendas/SingTel with NetLink Trust): chose combinations of retaining stakes + offering unit allocations, ra0 to ther than full distribution.
Here the shareholders got a kick in the back... of course, we can say one day, the share price will appreciate. Yes even pennies will appreciate. But in this trading of the Reit(unless its price tanked) had it been a clear good deal for the shareholder and perceived by the investors as such, its share price should not have fallen from $1.8 to $1.59
NTA has gone up, and now the NTA is higher if the REIT price holds around here.
Centurion has a lower debt burden and can now recycle capital into developing the additional accomodation that Singapore requires, before selling it to the REIT.
Higher PE multiple is applied to the asset management fees of around 11mil a year.
Centurion has little control over its share price but can reward its shareholders when it distributes REIT units next year. Just have to be patient.
Centurion has a lower debt burden and can now recycle capital into developing the additional accomodation that Singapore requires, before selling it to the REIT.
Higher PE multiple is applied to the asset management fees of around 11mil a year.
Centurion has little control over its share price but can reward its shareholders when it distributes REIT units next year. Just have to be patient.
LoudShout ( Date: 25-Sep-2025 14:49) Posted:
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Mother no face give when son " passed out from the army" training ....
Before the Reit is carved out, Co' s share traded above $1.8. Now it is trading below 1.60. What gives? Cash out? How does carving out to Reit benefits the Co' s share price or its earnings, NTA, P/E, etc?
you guys hold the 13 mil units in the hands of the public. if you dont sell it wont trade down.
spore1 ( Date: 25-Sep-2025 12:56) Posted:
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May be trade below ipo price of 0.89
Indication of interest for Centurion Accommodation REIT&rsquo s 262.1 mil units 16.6 times subscribed
The manager of Centurion Accommodation REIT (CAREIT) says that its 262,160,900 units available for subscription were 16.6 times subscribed, based on indications of interest and valid applications.
The REIT, which is expected to commence trading on Sept 25, 2pm, is offering a total of 262,160,900 units for subscription at the price of 88 cents per unit, made up of an international placement and local Singapore placement.
The international placement comprises 248,960,900 units to investors outside the United States, and the remaining 13,200,000 units will be offered to the public in Singapore. This is subject to the over-allotment option of up to 51,137,000 units.
The indication of interest for the placement tranche was 16 times subscribed, and the indication of interest for the Singapore public offer was about 30.9 times subscribed. This has resulted in the total offering of 262,160,900 units being 16.6 times subscribed.
Joint chairman of Centurion Corporation David Loh and Han Seng Juan have acquired 10 million units and 6 million units respectively. Other persons, including Christine Loh, Daphne Loh, Hong Wen Yee, Loh Loy Ming, and Ivy Loh, have also acquired a few thousand units in CAREIT each, and are immediate family members of David Loh.
Assuming the over-allotment option is fully exercised, Loh&rsquo s and Han&rsquo s interest in CAREIT is deemed to be 746,317,100 units each.
The units in CAREIT are expected to commence trading on Thursday, 25 Sept at 2pm.
Uh, no the 16.6 times oversubscription is underexaggerated. the retail interest was 30.9x.
In total the offering attracted 3.8 billion in interest. The market cap of centurion is only 1.3 billion...
Leave you to connect the dots.
In total the offering attracted 3.8 billion in interest. The market cap of centurion is only 1.3 billion...
Leave you to connect the dots.
CAREIT is offering 262.2 million units at S$0.88 each, with 13.2 million units reserved for Singapore retail investors through its public offer. Less than 5% for retail. The 16.6 times oversubscription is over exerated
I have received my refund on the balance.
Yes, shares allocated shown in CDP .
Yes, shares allocated shown in CDP .
Spike18 ( Date: 25-Sep-2025 11:29) Posted:
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Did not refun fully but CDP don' t have ? Anyone sees in their CDP already ?
Rocket888 ( Date: 24-Sep-2025 21:07) Posted:
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Song Seng Wun said, " the best thing is go on the ground and walk around."
many industrial spaces are empty and up on sale
well i might be wrong .... over-subscribed is true .... better run after release ... i feel it is cashing out app $1.8b for the buildings ... in time to come supply glut
many industrial spaces are empty and up on sale
well i might be wrong .... over-subscribed is true .... better run after release ... i feel it is cashing out app $1.8b for the buildings ... in time to come supply glut
There were 457k work permit holders in construction and marine sectors as of Dec 2024 but only 226k dorm beds.
The number of work permit holders may accelerate in the next three years but you will not see much news reported because it is politically sensitive.
The low end job you are referring to is the 377k non-construction and marine jobs. Even if all of them move to JB, has little impact on demand for beds.
The number of work permit holders may accelerate in the next three years but you will not see much news reported because it is politically sensitive.
The low end job you are referring to is the 377k non-construction and marine jobs. Even if all of them move to JB, has little impact on demand for beds.
near term with so many constructions happening .... low end job will likely move to JB
Thomson Medical anounces $5.5b mega project in JB SEZ ....
there was an article saying " developers should be looking at Johore due to JB SEZ which is expected to significantly boost demand in the industrial, commercial, and residential property sectors through lower costs, improved connectivity via infrastructure like the RTS link, and government incentives ..... "
companies will likely shift their operation there .... many industrial buildings will be empty ..... oversupply kicks in
Thomson Medical anounces $5.5b mega project in JB SEZ ....
there was an article saying " developers should be looking at Johore due to JB SEZ which is expected to significantly boost demand in the industrial, commercial, and residential property sectors through lower costs, improved connectivity via infrastructure like the RTS link, and government incentives ..... "
companies will likely shift their operation there .... many industrial buildings will be empty ..... oversupply kicks in
Whitelotus33 ( Date: 23-Sep-2025 23:40) Posted:
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Not from recent tradings or today' s opening. Reit trades this afternoon.
stlimst ( Date: 24-Sep-2025 23:14) Posted:
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Hope the overwhelming enthusiasm on CAREIT will be reflected in Centurion Corp share price.
Let' s see how CAREIT perform tomorrow.
Good luck investors of CAREIT and CCL.
Let' s see how CAREIT perform tomorrow.
Good luck investors of CAREIT and CCL.
So 白 莲 升 升 you got 几 多 粒 ?
Whitelotus33 ( Date: 24-Sep-2025 22:47) Posted:
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Interest from institutional investors 16x oversubscribed and from Singapore public 30x over.
This is better than the NTT reit. I?m glad some people agree with me? I was losing faith!
https://www.theedgesingapore.com/amp/news/ipo/indication-interest-centurion-accommodation-reits-2621-mil-units-166-times-subscribed
This is better than the NTT reit. I?m glad some people agree with me? I was losing faith!
https://www.theedgesingapore.com/amp/news/ipo/indication-interest-centurion-accommodation-reits-2621-mil-units-166-times-subscribed