Centurion Accommodation REIT Details Deployment of IPO and Loan Proceeds Into Initial Portfolio
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Centurion Accommodation REIT has updated investors on the deployment of funds from its IPO and loans. The REIT raised approximately S$1,513.0 million from equity issuance and S$404.8 million from loans, totaling S$1,917.8 million. About S$1,788.9 million has been allocated to acquiring its initial portfolio, including a S$1.1 million vendor refund and S$21.3 million for retention payments. The latest analyst rating for Centurion Accommodation REIT (SG:8C8U) is a Buy with a price target of S$1.27.
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