Centurion Accommodation REIT sees 16.6× subscription surge in IPO

The public offer was 30.9 times subscribed.

Centurion Accommodation REIT (CAREIT) has successfully completed its IPO, offering 262.2 million units at $0.88 each, ahead of its listing on the Singapore Exchange (SGX) Main Board.

The IPO included an international placement of 248.96 million units and a public offer of 13.2 million units.

The public offer was 30.9 times subscribed, whilst the placement tranche was 16 times subscribed. UBS AG, Singapore Branch, as stabilising manager, over-allotted 51.1 million units to meet demand. Total subscriptions reached approximately $3.82b.

CAREIT secured 16 cornerstone investors, including DBS Bank, FIL Investment Management (Hong Kong), abrdn Asia, and UBS AG, who collectively took 614 million units, or 35.7% of total units post-IPO.

CAREIT is projected to deliver distribution yields of 7.47% in FY2026 and 8.11% in FY2027. Trading of CAREIT units will begin at 2:00 p.m. on 25 September 2025. Allotment details will be published in The Business Times and on SGXNET.

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