Centurion Revives REIT Listing PlansAfter a decade, Centurion is ready to spin off a REIT, leveraging its $2.5B assets under management (AUM), 69,929 beds, and 37 properties across six countries. CEO Kong Chee Min believes the time is right for this move.
Analysts React Positively:
UOB Kay Hian (Adrian Loh): Raised target price to ... (from $1.11), citing higher valuation at 8.7x earnings (up from 6.9x).
RHB Bank Singapore (Alfie Yeo): Buy rating, $.... target price, citing stronger earnings outlook for FY2025-FY2026 due to an expanded bed capacity.
Thanky you
