Centurion - Phillip Securities 2025-11-20: Portfolio Expansion Drives Longer-term Growth

• Centurion (SGX:OU8) released 3Q25 update with limited financials. 3Q25 revenue is within our expectations, and 9M25 revenue is 74% of our FY25e forecast.
• Singapore purpose-built worker accommodation (PBWA) remains the main growth driver as its 3Q25 revenue increased 10% y-o-y to S$49mil, driven by positive rental revisions that we estimate ~5% y-o-y, which we believe will moderate to ~2% in 2026e.
• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

The Positives

Singapore PBWA and UK PBSA maintain growth.

• 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:
2025-09-15 Centurion - REIT Listing Nears Finish Line.

Price targets by 2 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