$Centurion(OU8.SI)$
Centurion Corporation owns and manages a portfolio of 37 operational accommodation assets totalling 69,929 beds as of 31 December 2024.
These purpose-built workers’ accommodation (PBWA) and purpose-built student accommodation (PBSA) assets are located across Singapore, Malaysia, China, the UK, the US, and Australia.
Centurion reported a robust set of earnings for 2024 with revenue jumping 22% year on year to S$253.6 million.
Gross profit improved by 30% year on year to S$195.6 million as gross margin went from 72.4% to 77.1%.
Net profit (from core business operations) surged 45% year on year to S$110.8 million.
A final dividend of S$0.02 was proposed, taking the total dividend for 2024 to S$0.035 (inclusive of an interim dividend of S$0.015).
Centurion plans to enhance project returns through selective asset enhancement initiatives across existing portfolio assets.
It also aims to grow its accommodation business through strategic acquisitions in existing and new markets.
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