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Centurion Accommodation REIT ( (SG:8C8U) ) has issued an announcement.
Centurion Accommodation REIT has secured a three-year AUD140 million term facility and an AUD5 million revolving credit facility to finance the acquisition of Epiisod Macquarie Park and support working capital and capital expenditure costs. The trust’s financial obligations are guaranteed by Perpetual (Asia) Limited and Centurion REIT Australia Pty Ltd. A mandatory prepayment event may be triggered if the manager resigns or is removed, or if Centurion Corporation Limited loses its controlling interest, potentially affecting approximately S$375 million in borrowings.
The most recent analyst rating on (SG:8C8U) stock is a Buy with a S$1.27 price target. To see the full list of analyst forecasts on Centurion Accommodation REIT stock, see the SG:8C8U Stock Forecast page.
More about Centurion Accommodation REIT
Centurion Accommodation REIT is a real estate investment trust based in Singapore, focusing on the accommodation sector. It is managed by Centurion Asset Management Pte. Ltd. and is involved in the acquisition and management of accommodation properties.
Average Trading Volume: 8,091,875
For detailed information about 8C8U stock, go to TipRanks’ Stock Analysis page.