Centurion Accommodation REIT's Nine-Month Net Property Income Beats Forecast
MT Newswires11-04
Centurion Accommodation REIT (SGX:8C8U) recorded net property income of SG$117.7 million for the nine months ended Sept. 30, 2026, exceeding its prospectus forecast by 4.8%.
Gross revenue amounted to SG$164.4 million, 5.7% above its forecast, according to a Wednesday press release.
The outperformance was mainly driven by higher rental rates, improved occupancy at selected purpose-built worker accommodation assets, additional revenue from expanded capacity and favorable foreign exchange movements.
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