As many of you probably know by now. We’re getting a new REIT IPO. Centurion Accommodation REIT – spun off from Centurion Corp, holding primarily Workers Accommodation, but with some Student Accommodation thrown in as well (this would be the first of its kind in Singapore). Projected 7.47% dividend yield for FY26, and 8.11% dividend yield for FY27. I’ve been getting a lot of questions for my views on Centurion Accommodation REIT. So let’s go. Property Portfolio of Centurion Accommodation REIT The full prospectus is here for those who are keen. Initial portfolio is:

• 5 workers accommodation in Singapore
• 8 students accommodation in UK (Manchester, Liverpool, Nottingham)
• 2 students accommodation in Australia (Sydney and Adelaide)

The way it works is that there is an initial portfolio of assets, and then the Australian Student Accom (Sydney – Epiiisod Macquarie Park) will be injected once it is completed – currently anticipated to take place on Feb 26....