Centurion Accommodation's Growth Seen Buoyed by Expansion, Sponsor Pipeline

Dow Jones
08/10

0804 GMT - Centurion Accommodation REIT's distribution per unit growth is likely to be supported by capacity expansion at its assets and its sponsor pipeline, say DBS Group Research analysts in a note. The real-estate investment trust is adding 540 beds to one of its worker accommodation assets, likely by next year, which should boost its earnings visibility and DPU growth over the medium term, the analyst says. Meanwhile, its sponsor has a development pipeline of seven accommodation assets with around 9,200 beds across 2026-2028, which provides the REIT with a clear acquisition pipeline, they say. DBS retains its buy rating and 1.30 Singapore dollar target price. Units last closed flat at S$1.16.

 

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