Centurion - Phillip Securities 2025-03-07: Positive In All Segments

• Centurion's FY24 revenue/adjusted PATMI beat our expectations, at 106%/105% of our FY24e estimates. Revenue and adjusted PATMI growth were driven by higher rental rates and high occupancies maintained for worker and student accommodations.
• - Read this at SGinvestors.io -
• Centurion is also exploring a REIT listing that would include both worker and student accommodations, though more details have yet to be finalized.

The Positives

Worker accommodation segment still has room for growth.

• - Read this at SGinvestors.io -
• Overall rental rates in Singapore are expected to moderate but remain higher than FY24 as growth will still come from prevailing rental reversions for typical one-year leases in worker accommodations.

Student accommodation continues to perform well.

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Previous report by Phillip:
2024-12-02 Centurion - New Dormitory As Growth Driver.

Price targets by 3 other brokers at Centurion Target Prices.

Listing of research reports at Centurion Analyst Reports.

Relevant links:
Centurion Share Price History,
Centurion Announcements,
Centurion Dividend Payout Dates & Corporate Actions,
Centurion News