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Centurion Corp. Set to Benefit From Asset Acquisitions in Western Australia -- Market Talk

Dow Jones
Apr 30

0734 GMT - Centurion Corp. stands to benefit from its acquisition of two assets in Western Australia, CGS International analysts say in a research report. Its acquisition of worker-accommodation assets in Karratha and in South Hedland mark a strategic pivot into a higher-yielding market, the analysts say. With around 90% financial occupancy supported by mostly corporate leases and net-property-income margins of roughly 70%, the assets are expected to generate low double-digit yields, the analysts estimate. Beyond earnings accretion, these acquisitions establish a strategic beachhead in Western Australia. The brokerage raises the stock's target price to S$1.89 from S$1.84 with an unchanged add rating. Shares are unchanged at S$1.63. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 30, 2026 03:34 ET (07:34 GMT)

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