Centurion Corporation Limited (OU8) reported revenue of 208.3 million Singapore dollars for the nine months ended Sep, 30 2025, a 12% increase from 186.5 million Singapore dollars a year earlier.\n\n
Worker accommodation revenue rose 13% year on year to 162.7 million Singapore dollars, driven by higher rental rates and the opening of Westlite Ubi in Singapore. Financial occupancy in this segment averaged 90%, with Singapore facilities at 99% and Malaysia at 83%.\n\n
Student accommodation revenue increased 3% to 43.5 million Singapore dollars. United Kingdom assets contributed 30.7 million Singapore dollars, up 7%, with an average occupancy of 97%. Australian revenue fell 6% to 11.8 million Singapore dollars amid lower occupancy and currency weakness.\n\n
Geographically, Singapore remained the largest market, generating 148.5 million Singapore dollars, a 14% rise from the previous year. United Kingdom revenue advanced 7% to 30.7 million Singapore dollars, while Malaysia slipped 1% to 14.2 million Singapore dollars.\n\n
The company added six fully operational worker accommodation assets in Johor, Malaysia, through the September 2025 acquisition of Harum Megah, expanding the Malaysian portfolio by 7,197 beds. It also commenced operations at a build-to-rent project, Centurion-Cityhome Gaolin in Xiamen, China, which reached 92% occupancy by Sep, 30 2025.\n\n
Looking ahead, Centurion plans to deliver additional capacity via asset enhancement initiatives at Westlite Toh Guan and Westlite Mandai in Singapore, as well as Westlite Johor Tech Park in Malaysia. New student accommodation developments are under way in Sydney and Melbourne, with completions scheduled between 2026 and 2028.\n\n
Centurion also highlighted the successful Sep, 25 2025 listing of Centurion Accommodation Real Estate Investment Trust (CAREIT) on the Singapore Exchange as part of its strategy to expand assets under management and pursue further acquisitions and developments.