Summary:
- Centurion Accommodation REIT reported Q1 net property income of $37.5 million, exceeding its prospectus forecast by 2.4%, driven by higher occupancy and rental rates across its PBWA and PBSA portfolios, alongside favourable currency movements.
- The REIT’s portfolio valuation rose 16.5% to $2.19 billion following the January 2026 acquisition of EPIISOD Macquarie Park, a 732-bed Australian PBSA asset operating under a two-year master lease generating fixed rental income of AUD 14.1 million for FY 2026.
- Occupancy rates remained strong with Singapore PBWA at 94.0%, UK PBSA at 99.0%, and Australian PBSA at 97.5%, while new capacity at Westlite Toh Guan and Westlite Mandai is being leased progressively to support further income growth.
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