Purpose-Built Student Accommodation (PBSA)

Metro Holdings' student accommodation fund acquires property in Bristol, UK for $54.8 mil - THE EDGE SINGAPORE

Property

Metro Holdings' student accommodation fund acquires property in Bristol, UK for $54.8 mil

Metro Holdings, announced on Jan 29, that its student accommodation fund, Paideia Capital UK Trust, has acquired a property in Bristol, UK, for a consideration £30.1 million ($54.8 million).

Ascott Residence Trust acquires first student accommodation asset in US for US$95 mil - THE EDGE SINGAPORE

Property

Ascott Residence Trust acquires first student accommodation asset in US for US$95 mil

Ascott Residence Trust (ART) has acquired its first student accommodation asset in Atlanta, Georgia in the US for US$95 million ($126.3 million) on Jan 27.

Metro forms partnership, establishes fund to grow UK purpose-built student accommodation portfolio - THE EDGE SINGAPORE

Deals, joint ventures & alliances

Metro forms partnership, establishes fund to grow UK purpose-built student accommodation portfolio

Metro Holdings’ wholly-owned subsidiary Sun Capital Assets has, on Dec 21, formed a strategic partnership with Lee Kim Tah Holdings and Aurum Investments (collectively the joint venture partners) t

Covid-19 bug lingers in Centurion as revenue slips by 11% in 3Q2020 - THE EDGE SINGAPORE

Results

Covid-19 bug lingers in Centurion as revenue slips by 11% in 3Q2020

Revenue of Mainboard-listed dormitory developer-cum-operator Centurion Corp slipped by 11% to $29.4 million in 3QFY2020 ended September, from the $33.1 million posted a year ago.

SGX Research Series: 10 in 10

Far East Orchard aims for more recurring income

1. What would the Group maintain or change about its property portfolio?

Dorm operator Centurion Corp gets a thumbs up from UOB Kay Hian - THE EDGE SINGAPORE

Broker's Calls

Dorm operator Centurion Corp gets a thumbs up from UOB Kay Hian

UOB Kay Hian (UOBKH) has taken a liking for dormitory operator Centurion Corporation, due to its “resilient business model” for workers’ accommodation.

Broker's Calls

Centurion looks 'stable so far', says PhillipCapital

Dormitory operator Centurion Corporation, looks “stable so far”, PhillipCapital analyst Timothy Ang notes in a non-rated August 18 report. 

Broker's Calls

DBS maintains a neutral stance on Centurion despite 'decent' 1H2020 earnings, lowers TP

DBS Research Group is maintaining its ‘hold’ call on dormitory operator Centurion Corp, at a revised target price of 39 cents. 

Results

Centurion reels from Covid-19 as earnings dip 10% from costs to manage infection spread

Earnings of Mainboard-listed dormitory operator Centurion Corporation slipped 10% to $9.1 million in 2Q2020 ended June 30, from the $10.2 million posted a year ago.

Broker's Calls

Analysts remain neutral on SPH as it fights off Covid-19 bug

SINGAPORE (July 15): Analysts have adopted a neutral stance towards media and property group Singapore Press Holdings (SPH) since its FY20F profit guidance is looking to drop significantl

×