Centurion Accommodation REIT (8C8U) released its inaugural condensed interim financial statements for the period from Aug, 12 2025 (date of constitution) to Dec, 31 2025 at the UOB Kay Hian ASEAN Conference on Mar, 10 2026.

The trust posted revenue of 50.7 million Singapore dollars, 3.4 per cent above the IPO forecast of 49.0 million Singapore dollars. Net property income reached 36.1 million Singapore dollars, exceeding projections by 4.1 per cent, while finance costs of 3.9 million Singapore dollars were 17.6 per cent lower than expected.

Amount available for distribution totalled 30.0 million Singapore dollars, allowing Centurion Accommodation REIT to announce a distribution per unit of 1.739 Singapore cents, 6.7 per cent higher than the forecast 1.630 Singapore cents. Annualised, this represents a 5.84 per cent yield based on the Dec, 31 2025 closing price of 1.11 Singapore dollars. The distribution will be paid on Mar, 31 2026 to unitholders on record as at Mar, 03 2026.

As at Dec, 31 2025, the trust’s aggregate leverage stood at 22.1 per cent, rising to 30.7 per cent after January 2026 borrowings related to a retention payment and the acquisition of Epiisod Macquarie Park in Australia. Weighted average financing cost was 3.46 per cent, with 55.8 per cent of debt on fixed rates and no maturities until FY2028.

Portfolio occupancy averaged 97.6 per cent for the Singapore purpose-built worker accommodation segment and 99.1 per cent for the United Kingdom and Australia purpose-built student accommodation segment. The portfolio comprised 14 operational properties with approximately 25,154 beds valued collectively at 1.88 billion Singapore dollars.

Key post-IPO developments included receipt of temporary occupation permits for new blocks at Westlite Toh Guan on Oct, 25 2025 and Westlite Mandai on Jan, 07 2026, regulatory approval to retain additional beds at both sites, and the Jan, 13 2026 completion of the 732-bed Epiisod Macquarie Park in Sydney, which is backed by a master lease providing fixed rental of 14.1 million Australian dollars for FY2026 and 20.0 million Australian dollars for FY2027.

Centurion Accommodation REIT reiterated its strategy of driving organic growth through asset enhancement, pursuing accretive acquisitions sourced from sponsor Centurion Corporation and third parties, and maintaining prudent capital and risk management.