In addition, Centurion is also the sponsor of Centurion Accommodation REIT (CAREIT), which provides a pipeline of assets to support REIT’s growth while advancing its asset-light strategy.
A group of DBS Group Research analysts Derek Tan, Geraldine Wong and Ng Jia Hui have initiated coverage on Centurion Corporation (SGX:OU8
) , citing how the growth in bed counts will help drive growth visibility at the diversified living-sector accommodation provider.
As at end-March, Centurion owns and manages 40 operational assets comprising approximately 81,388 beds, with its Singapore PBWA portfolio operating under the established “Westlite” brand and its PBSA assets under the “Dwell” and “EPIISOD” brands.
