For the 12 months ended Dec 31, 2025, Centurion Corp’s earnings fell by 67% y-o-y to $114.8 million due to a lower fair value gain of $22.9 million on investment properties, compared to the exceptional fair value gain of $219.1 million in FY2024. The lower earnings were also attributed to the $50.8 million incurred from last year’s REIT spin-off.
The latest FY2025 reporting season was the first for both Centurion Corporation and Centurion Accommodation REIT (CAREIT) after the latter was spun off and listed in September 2025.
Following the REIT listing, Centurion Corporation will serve as the REIT’s sponsor and provide a pipeline of stabilised purpose-built workers’ accommodation (PBWAs) and purpose-built students’ accommodation (PBSAs), given that the REIT can only take on development risk of 10%.
