-
Centurion (SGX:OU8) released 1Q26 update with limited financials. 1Q26 revenue is within our expectations, at 24% of our FY26e forecast. 1Q26 revenue spiked up 30% y-o-y to S$89.4mil, driven by revenue growth across all PBWA and PBSA segments. 1Q26 revenue included an additional 55% stake of 8000-bed Westlite Mandai, and additional 5,460 new beds (+16% capacity) from AEI expansion, driving Singapore revenue up 29% y-o-y to S$62.6mil.
- - Read this at SGinvestors.io -
The Positives
Asset acquisitions drive growth.
- - Read this at SGinvestors.io -
-
Singapore and Australia revenue also spiked up 29%/107% y-o-y respectively. This was because Centurion Accommodation REIT (SGX:8C8U) acquired the remaining 55% stake in the 8000-bed Westlite Mandai in Sep 2025, and consolidated revenue from the 732-bed newly completed Sydney PBSA, EPIISOD Macquarie Park (+82% Australia capacity).
High occupancy maintained for Singapore and UK.
- 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/.
Yik Ban Chong Phillip Securities Research | https://www.poems.com.sg/ 2026-05-18
Previous report by Phillip:
2026-03-12 Centurion - Preparing For Scalable Fee Income.
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
