purpose built student accommodation (PBSA)

REIT results within expectations, with a DPU surge for Keppel DC REIT and challenges for ART - THE EDGE SINGAPORE

REITs

REIT results within expectations, with a DPU surge for Keppel DC REIT and challenges for ART

REITs' results are mainly within expectations, with Keppel DC REIT experiencing a DPU surge, while ART faces challenges

Billion Dollar Club 2020

Accommodation for workers and students more than just a roof and four walls for Centurion Corp

Specialised accommodation operator Centurion Corp prides itself in offering residents more than a roof and four walls.

Broker's Calls

Centurion's battles with Covid-19 gets a 'neutral' call from DBS

DBS Research Group is maintaining its ‘hold’ call on dormitory operatory Centurion Corp, but at a revised target price of 42 cents. This is up 1 cent from its previous 41 cent call, analyst Ling Lee Keng says in a May 18 note.

Results

Dorm operator Centurion braces for slower earnings despite 13% increase in 1Q20 revenue

While the numbers are looking up, Centurion has flagged concerns of rising operating costs amid the Covid-19 pandemic.

Covid-19

Centurion's Covid-19 bug intensifies as it allows UK students to terminate their leases early with an expected £5m revenue loss

While the spread of the virus among migrant workers has intensified in the past week, the operator says the outbreak has not impacted its financial occupancy so far, the group states
Centurion Corp to acquire student accommodation asset in Nottingham for $27 mil - THE EDGE SINGAPORE

M&A

Centurion Corp to acquire student accommodation asset in Nottingham for $27 mil

Dormitory operator Centurion Corporation is acquiring Archer House at a purchase consideration of £15.1 million.
Centurion Corp maintains steady course with accommodation business: RHB - THE EDGE SINGAPORE

Broker's Calls

Centurion Corp maintains steady course with accommodation business: RHB

RHB Group Research is maintaining its “neutral” call on Centurion Corp with an unchanged target price of 43 cents

Property

Wee Hur acquires Melbourne site for $36 mil to develop student dorm

SINGAPORE (Nov 28): Developer Wee Hur Holdings announced that its Australian-focused purpose-built student accommodation (PBSA) trust, Wee Hur PBSA Master Trust, has acquired a 1,038 sqm property in Melbourne, Australia, for A$35 million ($35.8 million).
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