- Strong growth in construction demand over the next few years in key market Singapore (70% of revenues) will be favourable for dormitory operators like Centurion. Newly-launched Westlite Ubi reached full occupancy in Apr 2025 after just four months of operations. BCA projects construction demand to range between S$47bln-S$53bln in 2025 and remain elevated at S$39bln- S$46bln per year from 2026 to 2029.
- - Read this at SGinvestors.io -
- In addition, the capital recycling of mature assets into an upcoming REIT will provide value-unlocking opportunities for Centurion and crystallize some of these huge fair-value gains realized over the past 2-3 years.
1HFY25 Results
- - Read this at SGinvestors.io -
- Gross profit rose 15% to S$108.6mln, backed by higher rental rates and operational efficiencies.
- Excluding net fair value gains of S$18.8mln, core profit for 1HFY25 came in at S$57.8mln, an increase of 19% y-o-y.
REIT Spin-off
- Read more at SGinvestors.io.
Above is an excerpt from a report by Lim & Tan Securities Research.
Clients of Lim & Tan Securities may be the first to access the full PDF report @ https://www.limtan.com.sg/.
Chan En Jie Lim & Tan Securities Research | https://www.limtan.com.sg/ 2025-08-19
Read also LIM's most recent report:
2026-03-18 Centurion - Strong Demand For Beds.
Price targets by 6 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
