On capital management, aggregate leverage, weighted average financing cost and interest coverage ratio (ICR) came in at 30.7%, 3.46% and 6.6 times, doing better than the estimated 31%, 4.16% and 4.7 times respectively. This was thanks to a buffer built into its prospectus and a softer-than-expected interest rate environment, which allowed the REIT to lower its weighted average cost of borrowing and bring up its ICR.
Centurion Accommodation REIT’s (CAREIT) first report card came away with gold stars as the REIT’s metrics outperformed on all fronts.
Distribution per unit (DPU) for the period from Aug 12, 2025, the REIT’s date of constitution to Dec 31, 2025, outperformed its initial public offering (IPO) forecasts by 6.7% at 1.739 cents, while revenue and net property income (NPI) outperformed by 3.4% and 4.1% at $50.7 million and $36.1 million respectively.
