Centurion Accommodation REIT (SG:8C8U)
SGX:8C8U
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Centurion Accommodation REIT
(SGX:8C8U)
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Rating:51Neutral
Price Target:
S$1.00
▼(-11.50% Downside)
Action:N/A
Date:06/02/26
The score is held back primarily by weakening fundamentals—especially the sharp decline in cash flow and revenue—despite a conservatively leveraged balance sheet. Technical indicators are largely neutral with only mild bearish bias, while valuation is a notable negative given the very high P/E alongside a modest dividend yield.
Positive Factors
Recurring leased revenue model
Centurion’s core model relies on contracted master leases and direct leasing to corporate customers and student-housing operators, creating predictable, recurring rental income. That structural contract basis supports steadier cash flow generation and distribution stability across lease cycles.
Negative Factors
Sharp revenue decline
A roughly 41% year‑over‑year revenue decline signals material loss of occupancy, rate normalization, or contract reductions. Such a large top-line drop can persist across lease renewal cycles and meaningfully reduce distributable income and growth optionality over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring leased revenue model
Centurion’s core model relies on contracted master leases and direct leasing to corporate customers and student-housing operators, creating predictable, recurring rental income. That structural contract basis supports steadier cash flow generation and distribution stability across lease cycles.
Read all positive factors
Centurion Accommodation REIT (8C8U) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.78B
Dividend YieldN/A
Average Volume (3M)6.20M
Price to Earnings (P/E)79.7
Beta (1Y)0.53
Revenue GrowthN/A
EPS GrowthN/A
CountrySG
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Specialty
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,724,965,000
10 Day Avg. Volume7,232,960
30 Day Avg. Volume6,204,923
Financial Highlights & Ratios
PEG Ratio-1.20
Price to Book (P/B)1.28
Price to Sales (P/S)15.82
P/FCF Ratio63.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.35Price Target Upside19.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Centurion Accommodation REIT Business Overview & Revenue Model
Company Description
Centurion Accommodation REIT (CAREIT), listed on the Mainboard of the Singapore Exchange Securities Trading Limited since September 25, 2025, pursues a primary investment strategy of acquiring, either directly or indirectly, income-generating real...
How the Company Makes Money
Centurion Accommodation REIT makes money mainly by leasing bed spaces/units in its accommodation properties and collecting rental income. (1) Rental and accommodation income: The REIT earns recurring revenue from master leases and/or direct leasin...
Centurion Accommodation REIT Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
73
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 44.93M | 121.51M | 160.73M |
| Gross Profit | 27.74M | 79.68M | 97.14M |
| EBITDA | 26.58M | 88.11M | 92.68M |
| Net Income | 21.60M | 23.25M | 73.54M |
Balance Sheet | |||
| Total Assets | 1.92B | 2.00B | 1.92B |
| Cash, Cash Equivalents and Short-Term Investments | 75.43M | 78.56M | 75.14M |
| Total Debt | 396.84M | 372.47M | 396.84M |
| Total Liabilities | 478.31M | 503.38M | 478.18M |
| Stockholders Equity | 1.44B | 1.50B | 1.44B |
Cash Flow | |||
| Free Cash Flow | 28.93M | 30.25M | 140.88M |
| Operating Cash Flow | 28.93M | 30.25M | 140.88M |
| Investing Cash Flow | 96.00K | -636.16M | -672.24M |
| Financing Cash Flow | -49.57M | 684.36M | 652.45M |
Centurion Accommodation REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | S$3.45B | 24.81 | 3.43% | 6.46% | 8.55% | 35.73% | |
70 Neutral | S$1.92B | 17.43 | 4.02% | 8.01% | 0.36% | 28.75% | |
69 Neutral | S$1.18B | 43.00 | 1.50% | 7.16% | 0.94% | -37.07% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
57 Neutral | S$1.01B | -295.40 | -0.10% | 5.84% | 2.78% | -301.74% | |
51 Neutral | S$1.78B | 79.67 | 1.58% | ― | ― | ― |
* Real Estate Sector Average
SG:8C8U
Centurion Accommodation REIT
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Centurion Accommodation REIT Corporate Events
Centurion Accommodation REIT Posts Solid 1Q 2026 Results and Strengthens Capital Position
May 26, 2026
Centurion Accommodation REIT reported first-quarter 2026 revenue of S$52.5 million and net property income of S$37.5 million, both slightly ahead of its IPO forecasts, driven by higher occupancy and rental rates as well as stronger British pound a...
Centurion Accommodation REIT Secures Licence for Mandai Capacity Expansion
May 25, 2026
Centurion Accommodation REIT’s manager has received a Foreign Employee Dormitories Act licence for the Mandai Expanded Capacity of Westlite Mandai, covering 1,980 retained beds within a total application of 9,986 beds. The licence, which ena...
Centurion Accommodation REIT Beats 1Q Forecasts as Occupancy and Portfolio Value Rise
May 5, 2026
Centurion Accommodation REIT reported first-quarter 2026 revenue of S$52.5 million and net property income of S$37.5 million, both slightly ahead of IPO prospectus forecasts, driven by higher occupancies, firmer rental rates and favourable GBP and...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.