Centurion - RHB Research 2025-08-11: Anticipating REIT Listing; Maintain BUY

• We remain positive on Centurion (SGX:OU8) as it plans for the listing of its Centurion Accommodation REIT, which will unlock value for shareholders.
• Fundamentally, Centurion remains well-positioned to yield better rental rates from the dormitory supply shortage situation in Singapore. 1H25 earnings were in line and remain on track to meet our estimates.

1H25 earnings in line.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• Australia’s revenue declined 6% y-o-y to S$8m, on weaker occupancy rate and currency translation, mitigated by positive rental reversion.

Pipeline development projects to continue for Centurion post listing, with spin-off opportunities for matured assets

• Read more at SGinvestors.io.

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

Previous report by RHB:
2025-07-23 Centurion - More Positive On REIT Listing; Stay BUY.

Price targets by 4 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