Dividend PayoutThere is a potential for a higher dividend payout due to better-than-expected earnings, which could imply a 2024 yield of 3.6%.
Rental RatesThe new 1,650-bed Purpose-Built Dormitory Westlite Ubi is expected to be completed, potentially allowing for 5-10% higher rental rates due to lower supply of PBDs in the East.
Revenue GrowthCenturion Corp reported stronger-than-expected 9M24 revenue growth of 25% driven by continued strong occupancies and positive rental revisions across both of its business segments.