Centurion Corporation Limited specialises in owning and operating worker and student accommodation assets. It is one of the Singapore largest owner-operators of high-quality worker accommodations in Singapore and Malaysia. The company also manages student accommodation properties across Singapore, Australia, the United Kingdom, and the United States.FY23 revenue rose 15% YoY from S$180.5mn to S$207.2mn. The respective FY23 financial occupancy of PBWA and PBSA were 96% and 92%, up from 90% and 86% in FY22.
The higher contributions from strong occupancies and improved rental rates across all the PBWAs and PBSAs, alongside an increase in the number of beds available for rent that came into operation helped boost Centurion’s revenue during the year.
Higher rental rates across its properties in these four markets also contributed to the increase in revenue.
Target 0.62-0.65
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