- Centurion announced its entry into Australia’s Purpose-Built Workers’ Accommodation (PBWA) industry via its A$45m (S$41m) acquisition of Velocity Village and Velocity Motel & Bistro in Karratha, Western Australia. The purchase price was validated by an independent CBRE valuation concluding the same A$45m market value.
- - Read this at SGinvestors.io -
Small EPS accretion.
- According to Centurion, pro forma EPS accretion, assuming deal completion was on 1 Jan 25, was approximately 5% for 2025 which we view as modest but meaningful for a deal representing just 3% of market capitalisation.
- In addition, we view the implied 2025 P/E acquisition multiple of 7.1x as conservative relative to Centurion’s existing asset base and its 2027E P/E of 10.9x.
Logical extension of a strong business segment.
- - Read this at SGinvestors.io -
- The structural similarities are compelling as the Australian and Singaporean PBWAs are asset-heavy, operationally intensive, have long-duration demand driven by institutional rather than retail clients, and will likely be injected into Centurion Accommodation REIT (SGX:8C8U) over time.
The Pilbara macro backdrop provides a structurally durable demand floor.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-04-21
Read also UOB's most recent report:
2026-05-12 Centurion - Plants Its Flag In The World's Most Resource-dense Zip Code.
Price targets by 5 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
