Centurion Last:1.43

-0.02

Centurion Corp

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.

Whitelotus33 ( Date: 17-Sep-2025 12:04) Posted:

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.

Buy on rumour sell on news is often the way with the market

If 1.70 cannot hold up well then perhaps we may see her testing 1.58.

beng1102 ( Date: 12-Sep-2025 21:24) Posted:

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.

Joelton ( Date: 12-Sep-2025 11:08) Posted:

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.