Centurion - RHB Research 2025-12-08: Adding More Assets To Its Portfolio; Maintain BUY

• Centurion (SGX:OU8) has acquired a 25% equity stake in a new 472-bed purpose-built student accommodation (PBSA) development in Perth, Australia for AUD6m (~S$5.1m).
• - Read this at SGinvestors.io -

Adds Australia PBSA development project to its portfolio of assets.

• - Read this at SGinvestors.io -
• The project has been granted developmental approval and is scheduled for completion in Dec 2027. It is located at 37-43 Stirling Highway, Nedlands, Perth, Australia, within 500 metres or a 10-minute walk from the University of Western Australia’s Crawley campus and walking distance from Queen Elizabeth II Medical Centre. Its location is supported by rail network and reliable, high-frequency buses that connect to Perth’s central business district (CBD).
• Centurion will position the PBSA for the premium market under the EPIISOD brand. This marks Centurion’s entry into its fourth Australian city after EPIISOD Macquarie Park in Sydney (earmarked to be spun-off to CAREIT), Dwell Village in Melbourne, and Dwell East End in Adelaide (spun-off to CAREIT). The acquisition will be funded with internal resources.

Contribution from 2028 is expected to be small.

• 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:
2025-11-18 Centurion - Outlook And Growth Drivers Remain Intact; Still BUY.

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