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Centurion Accommodation REIT
(SGX:8C8U)
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Rating:58Neutral
Price Target:
S$1.00
▼(-11.50% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weakening financial momentum and cash flow strength versus the prior year, alongside a high P/E valuation. These are partly balanced by a stable balance sheet with modest leverage and a moderately positive technical trend with supportive momentum indicators.
Positive Factors
Recurring accommodation income
The REIT’s focus on worker and student accommodation provides a recurring rental-based revenue model rather than reliance on asset sales. Lease agreements and accommodation contracts can support visibility of property income and distributions over the next several quarters.
Negative Factors
Sharp revenue contraction
A 41% annual revenue decline signals materially weaker top-line momentum and raises questions about the near-term durability of property income. Unless revenue stabilizes, the contraction could reduce operating leverage, constrain distributions, and weaken the platform’s ability to fund growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring accommodation income
The REIT’s focus on worker and student accommodation provides a recurring rental-based revenue model rather than reliance on asset sales. Lease agreements and accommodation contracts can support visibility of property income and distributions over the next several quarters.
Read all positive factors
Centurion Accommodation REIT (8C8U) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.80B
Dividend Yield5.04%
Average Volume (3M)3.97M
Price to Earnings (P/E)77.6
Beta (1Y)0.31
Revenue GrowthN/A
EPS GrowthN/A
CountrySG
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.01
Shares Outstanding1,727,980,700
10 Day Avg. Volume2,929,045
30 Day Avg. Volume3,974,795
Financial Highlights & Ratios
PEG Ratio-1.21
Price to Book (P/B)1.28
Price to Sales (P/S)15.72
P/FCF Ratio63.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.34Price Target Upside18.88% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.05
Revenue Forecast (FY)S$208.66M
Centurion Accommodation REIT Business Overview & Revenue Model
Company Description
Centurion Accommodation REIT is a real estate investment trust listed on the Mainboard of the Singapore Exchange Securities Trading Limited on 25 September 2025. CAREIT’s principal investment strategy is to invest, directly or indirectly, in a por...
How the Company Makes Money
Centurion Accommodation REIT primarily makes money by collecting recurring income from its accommodation properties. The core revenue stream is rental/accommodation income paid by occupants (or, where applicable, by corporate customers/operators/m...
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 | 54.55M | 121.51M | 160.73M |
| Gross Profit | 36.24M | 79.68M | 97.14M |
| EBITDA | 0.00 | 88.11M | 92.68M |
| Net Income | 17.49M | 23.25M | 73.54M |
Balance Sheet | |||
| Total Assets | 2.25B | 2.00B | 1.92B |
| Cash, Cash Equivalents and Short-Term Investments | 21.99M | 78.56M | 75.14M |
| Total Debt | 657.66M | 372.47M | 396.84M |
| Total Liabilities | 738.35M | 503.38M | 478.18M |
| Stockholders Equity | 1.51B | 1.50B | 1.44B |
Cash Flow | |||
| Free Cash Flow | 36.73M | 30.25M | 140.88M |
| Operating Cash Flow | 36.73M | 30.25M | 140.88M |
| Investing Cash Flow | -187.10M | -636.16M | -672.24M |
| Financing Cash Flow | 122.11M | 684.36M | 652.45M |
Centurion Accommodation REIT Technical Analysis
Negative
1.13
Price Trends
1.08
Negative
1.08
Negative
1.08
Negative
Market Momentum
>-0.01
Negative
47.28
Neutral
79.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:8C8U, the sentiment is Negative. The current price of 1.13 is above the 20-day moving average (MA) of 1.03, above the 50-day MA of 1.08, and above the 200-day MA of 1.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.28 is Neutral, neither overbought nor oversold. The STOCH value of 79.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:8C8U.
Centurion Accommodation REIT Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | S$1.82B | 14.69 | 5.19% | 6.79% | 3.58% | 71.30% | |
68 Neutral | S$3.16B | 12.84 | 6.22% | 7.45% | 5.41% | 25.34% | |
68 Neutral | S$1.04B | 25.00 | 2.53% | 6.10% | 5.66% | 14.77% | |
58 Neutral | S$1.80B | 77.61 | 1.58% | 5.04% | ― | ― | |
56 Neutral | S$898.17M | -52.24 | -0.87% | 7.10% | 4.40% | -1142.86% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SG:8C8U
Centurion Accommodation REIT
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Centurion Accommodation REIT Corporate Events
Centurion Accommodation REIT Beats Forecasts as Expansion Lifts 1H 2026 Distributions
Oct 12, 2026
Centurion Accommodation REIT reported solid first-half 2026 results, with portfolio valuation rising 0.9% quarter-on-quarter to S$2.21 billion and gross revenue up 5.1% year-on-year to S$108.9 million, beating its IPO prospectus forecasts. Net pro...
Centurion Accommodation REIT Beats Forecasts as Expanded Dorm Capacity Boosts Earnings
Oct 9, 2026
Centurion Accommodation REIT reported first-half 2026 gross revenue of S$108.9 million, up 5.1 per cent from forecast, with net property income rising 4.3 per cent to S$78.4 million on stronger rental rates and more beds sold in its worker accommo...
Centurion Accommodation REIT beats IPO forecasts as expanded dorm capacity lifts H1 earnings
Sep 21, 2026
Centurion Accommodation REIT reported stronger-than-forecast first-half 2026 financial results, driven by higher rental rates, more beds sold and ramp-up of expanded worker dormitory capacity in Singapore. Gross revenue rose 5.1 per cent year-on-y...
Centurion Accommodation REIT Secures S$15m Revolving Credit Facility with Cross-Default Triggers
Sep 3, 2026
Centurion Accommodation REIT has secured an uncommitted and unsecured S$15 million revolving credit facility to fund working capital needs and capital expenditure on its portfolio. The facility is obtained by its trustee, Perpetual (Asia) Limited,...
CAREIT posts strong post-IPO returns as global accommodation portfolio expands
Aug 26, 2026
Centurion Accommodation REIT, listed on the SGX Mainboard since September 2025, operates a S$2.21 billion portfolio of 30,236 beds in purpose-built worker and student accommodation across Singapore, the U.K. and Australia. The trust has expanded c...
Centurion Accommodation REIT Issues New Units to Pay Manager’s Base Fee
Aug 13, 2026
Centurion Asset Management, as manager of Centurion Accommodation REIT, has issued 3,015,750 new units at S$1.0499 per unit to Centurion Capital Investments Ltd. as payment in units for 100% of the manager’s base fee for the period from 1 Ap...
Centurion Accommodation REIT Beats IPO Forecasts as Portfolio Expansion Lifts 1H 2026 Distributions
Aug 13, 2026
Centurion Accommodation REIT reported stronger-than-forecast first-half 2026 financial results, driven by higher rental rates, increased bed sales and additional contributions from expanded worker accommodation capacity at its Westlite Toh Guan an...
CAREIT lifts first-half payouts as portfolio growth outpaces IPO forecasts
Aug 11, 2026
Centurion Accommodation REIT reported a 5.1% rise in first-half 2026 gross revenue to S$108.9 million and a 4.3% increase in net property income to S$78.4 million, driven by higher rental rates and more beds sold across its PBWA portfolio. The REI...
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.