This is the highest price its shares have risen to since they started trading in 1995
[SINGAPORE] Shares of Centurion rose on Wednesday (Jun 11) afternoon after the company announced its listing application of a real estate investment trust (Reit) to the Singapore Exchange (SGX) and Monetary Authority of Singapore.
As at 1 pm, the counter climbed to S$1.53, 3.4 per cent or S$0.05 higher than its Tuesday closing price of S$1.48, with around 2.4 million shares changing hands, ShareInvestor data showed. This is the highest price Centurion shares have risen to since they started trading in 1995.
On Tuesday, Centurion said the application is still under review, but the Reit it is aiming to establish will comprise some of the group’s worker and student accommodation assets.
The company said the details of the initial public offering (IPO) and proposed establishment are still being finalised.
“The listing of the Reit will be subject to, among other things, market conditions, commercial negotiations, the relevant regulatory, shareholders’ and other approvals being obtained, and the execution of definitive agreements by the relevant parties,” it added.
Centurion was previously featured in RHB’s Singapore Small Cap Jewels 2025 as one of its top stock picks, among other companies with small market capitalisation.
For its Q1 financial results ended Mar 31, Centurion posted a 13 per cent increase in revenue to S$69 million. This was driven by positive rental revisions across markets and strong financial occupancies both in Singapore and the UK.
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