- Centurion (SGX:OU8) completed the divestment of 14 stabilised PBWA and PBSA assets into Centurion Accommodation REIT (CAREIT, SGX:8C8U) in Sep-25, crystallising value and strengthening its capital recycling framework.
- - Read this at SGinvestors.io -
Fee income is beginning to scale.
- In the unconsolidated post-CAREIT period from 25 Sep 2025 to 31 Dec 2025, management services contributed S$6.5mil of revenue and S$3.2mil of profit from core business attributable to equity holders.
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Core operating performance remained firm in FY25.
- Centurion reported FY25 revenue of S$295.9mil, up 17% y-o-y, driven by sustained high financial occupancies in Singapore and the UK, as well as positive rental revisions across PBWA and PBSA. Net profit from core business operations rose 26% y-o-y to S$139.2mil.
- Core NPAT attributable to equity holders came in at S$108.6mil, while reported NPAT attributable to equity holders was S$114.8mil, lower y-o-y mainly due to lower fair value gains and CAREIT IPO-related costs.
- The Board proposed a final dividend of 2.0 cents per share and a special distribution in specie of 1 CAREIT unit for every 10 Centurion shares.
Stronger post-CAREIT financial position and improving earnings visibility.
- Read more at SGinvestors.io.
