Centurion Asset Management Pte. Ltd., the manager of Centurion Accommodation REIT (CAREIT), has reported that the distribution per unit (DPU) for the financial period from 12 August 2025 to 31 December 2025 (FP 2025) reached 1.739 cents. This figure outperformed the initial forecast of 1.630 cents by 6.7%.
Net property income for FP 2025 was S$36.1m, exceeding projections by 4.1%. This was largely due to higher rental rates and increased financial occupancy across the Purpose-Built Worker Accommodation (PBWA) and Purpose-Built Student Accommodation (PBSA) portfolios. The PBWA and PBSA assets achieved financial occupancy rates of 97.6% and 99.1%, respectively, indicating strong demand.
The portfolio’s stability is further supported by a healthy aggregate leverage of 30.7%, following the acquisition of Epiisod Macquarie Park. This leaves CAREIT with a debt headroom of S$348m, based on a 40% leverage threshold, to support both organic growth and potential acquisitions.
The results highlight CAREIT’s robust performance in its inaugural financial period, setting a positive precedent for future growth and stability.
