Centurion's Proposed REIT Listing Appears Positive -- Market Talk

Dow Jones
2025/07/24

0238 GMT - Centurion's proposed listing of an accommodation REIT appears positive, RHB Research's Alfie Yeo says in a report. The REIT will initially have 14 assets, including five purpose-built workers' accommodation properties in Singapore, and will have 19 assets following the listing, the analyst says. The listing will likely help unlock value for Centurion's shareholders through floating the assets, the analyst says. Also, this allows Centurion to be asset-light and focus on growing its fund management business. RHB raises the stock's target price to S$2.01 from S$1.50 to reflect the value of the REIT assets. It maintains a buy rating. Shares are 2.35% higher at S$1.74. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 23, 2025 22:38 ET (02:38 GMT)

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