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Centurion Corporation Limited ( (SG:OU8) ) has provided an announcement.
CAREIT has entered into a Forward Purchase Agreement to acquire Epiisod Macquarie Park, a PBSA asset in Australia, with the acquisition fully financed through committed loan facilities. The acquisition is contingent on the property’s completion by February 2026, and a master lease agreement is in place to ensure income stability until December 2027. This strategic move enhances CAREIT’s portfolio, which benefits from strong demand-supply dynamics in the PBWA and PBSA sectors, and positions the company for visible growth through active asset management and a global acquisition strategy.
The most recent analyst rating on (SG:OU8) stock is a Buy with a S$2.01 price target. To see the full list of analyst forecasts on Centurion Corporation Limited stock, see the SG:OU8 Stock Forecast page.
More about Centurion Corporation Limited
Centurion Accommodation REIT (CAREIT) is a real estate investment trust focused on investing in income-producing real estate assets primarily for purpose-built worker accommodation (PBWA) and purpose-built student accommodation (PBSA) globally, excluding Malaysia. It is listed on the SGX-ST and operates a diversified portfolio across 15 cities in 6 countries, with a strong presence in Singapore, the UK, and Australia.
Average Trading Volume: 2,071,281
Technical Sentiment Signal: Buy
Current Market Cap: S$1.44B
For an in-depth examination of OU8 stock, go to TipRanks’ Overview page.