Centurion - Maybank Research 2026-03-02: The Best Is Yet To Come

• Centurion (SGX:OU8)'s 2H25 core earnings came in at S$50.7m, bringing FY25 net profit to S$108.6m (+9% y-o-y), generally in line with street consensus. This was mainly driven by healthy rental revisions across key markets and steady occupancies in Singapore and the UK.
• - Read this at SGinvestors.io -

PBWA continuing on robust growth trajectory.

• - Read this at SGinvestors.io -
• While financial occupancy for Singapore PBWA remained high at 99%, the average occupancy in Malaysia was lowered by 9ppt to 76% in 2H due to tighter worker quota caps.
• In Feb’26, Centurion successfully secured its second Property Management Agreement, to manage a ~1,500-bed dormitory in the Gul Drive vicinity, with expected commencement in Apr this year.

EPIISOD Macquarie Park completed ahead of AY26.

• Read more at SGinvestors.io.

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

Previous report by Maybank:
2025-11-22 Centurion - Powering Growth; Retain BUY With Higher Target Price.

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