---
title: "Stock Analysis: Shengjie Accommodation Real Estate Investment Trust | Lianhe Zaobao"
description: "Centurion Accommodation REIT was rated \"Buy,\" with a target price of SGD 1.38 and a closing price of SGD 1.15 (+1.77%). This trust is the first accommodation-type real estate investment trust listed o"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/275292842.md"
published_at: "2026-02-09T09:17:17.000Z"
---

# Stock Analysis: Shengjie Accommodation Real Estate Investment Trust | Lianhe Zaobao

> Centurion Accommodation REIT was rated "Buy," with a target price of SGD 1.38 and a closing price of SGD 1.15 (+1.77%). This trust is the first accommodation-type real estate investment trust listed on the Singapore Exchange, with a total portfolio value of SGD 2.1 billion. Its main assets include 64% of Singapore's foreign worker dormitories and student dormitories located in the UK and Australia. It is expected that in the fiscal year 2026, 73% of revenue will come from foreign worker dormitories and 27% from student dormitories, benefiting from the upturn in Singapore's construction industry and strong demand for overseas dormitories

### Centurion Accommodation REIT

-   Recommendation: Buy
-   Target Price: SGD 1.38
-   Closing Price: SGD 1.15 (+1.77%)

We begin coverage of Centurion Accommodation REIT and assign a "Buy" rating to this stock. This is the first listed accommodation category Real Estate Investment Trust (REIT) on the Singapore Exchange.

Following the acquisition of the high-end purpose-built student accommodation project EPIISOD located in Macquarie Park, Sydney, the trust's total portfolio value reached SGD 2.1 billion as of January 2026. Approximately 64% of the trust's assets are foreign worker dormitories located in Singapore, while the remainder consists of student accommodations in the UK and Australia. The trust's foreign worker dormitories are strategically located near construction sites, and the student accommodations are also close to university campuses.

We expect that for the fiscal year 2026, approximately 73% of the trust's revenue will come from purpose-built foreign worker dormitories, while 27% will come from purpose-built student accommodations. We believe that the Singapore construction industry is in an upward cycle, and the strong demand for student accommodations in the UK and Australia is expected to support the trust's earnings outlook. (China Galaxy Securities International)

#### Further Reading

Stock Review: CapitaLand China Trust Stock Review: SingPost Logistics Trust ![read on app](https://imageproxy.pbkrs.com/https://dss0.zbstatic5.com/web2/_astro/read-on-app.Bhqm8G_V.svg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Continue reading on the morning news app

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### Related Stocks

- [8C8U.SG - Cent Accom REIT](https://longbridge.com/en/quote/8C8U.SG.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.