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UOB Kay Hian's Loh initiates coverage on Centurion Accommodation REIT with target price of $1.23

The Edge Singapore
The Edge Singapore  • 2 min read
UOB Kay Hian's Loh initiates coverage on Centurion Accommodation REIT with target price of $1.23
UOBKH's Loh, citing the REIT's high-occupancy and balanced yet growing portfolio, expects steady and visible income growth / Photo: Centurion Accommodation REIT
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Adrian Loh of UOB Kay Hian has joined the growing ranks of analysts covering Centurion Accommodation REIT, with a "buy" call and $1.23 target price.

This REIT, spun off Centurion Corp recently, is the first and only pure-play living accommodation REIT with global diversification, serving both the students' and workers' markets in Singapore, Malaysia, UK, Australia and so on.

Loh, citing the REIT's high-occupancy and balanced yet growing portfolio, expects steady and visible income growth.

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