The Centurion | 2024 | Spring Edition

Welcome to the Spring Edition of The Centurion! In this edition you'll find our 2023 REIT Annual Report, our 2023 ESG Report, and our latest acquisition and award announcements.

REIT 2023 Annual Report highlights:

Total Assets increased by 15.1% to $6.6 billion during the year.
13 properties with 1,981 undiluted rental units acquired and created during 2023.
Property Operating Revenues increased by 25.8% as compared to prior year.
Total same store Operating Revenues increased by 7.7% as compared to prior year.
Net Operating Income (“NOI”) increased by 27.1% to $221.0 million from $174.0 million as compared to prior year.
Overall Portfolio Occupancy increased to 94.51% as compared to 93.50% in prior year.
Stabilized Property Occupancy increased to 98.39% as compared to 95.20% in prior year.
Class A Return of 6.52% and Class F Return of 7.46%.

REFLECTING ON 2023

Greg Romundt reflects on our achievements in 2023, shares what he’s looking forward to for 2024, and highlights what he believes is Centurion’s biggest strength.

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2023 ESG REPORT

At Centurion, we are dedicated to incorporating environmental, social, and governance considerations into our operations. We recognize our responsibility to the communities where we operate and are committed to maintaining the highest levels of ethical behaviour, transparency, and accountability.

View Centurion's 2023 ESG Report

FUND UPDATES

Here are the latest investor resources for each fund as at March 31, 2024. You can also visit each fund's page on Centurion.ca for additional information and archived versions of the financial reports.

Centurion Apartment Real Estate Investment Trust

Centurion Financial Trust

PROPERTY NEWS

COMPLETED ACQUISITIONS

Carrington Suites – January 30, 2024

A multi-residential apartment in Dartmouth, NS

The Carrington Suites represents the fourth and final phase of a multi-residential development site built by a local developer. Centurion acquired the neighbouring first phase of the development, a 114-unit apartment complex called The Huntington, in December 2014, providing tremendous opportunities for Centurion to establish further operating efficiencies and economies of scale with this new acquisition.

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AWARDS AND RECOGNITION

Centurion Selected as Excellence Awardee and Shortlisted for Three Award Categories

Centurion was selected as an Excellence Awardee and shortlisted for three award categories in the 10th Annual Wealth Professional Awards. The shortlisted categories include Alternative Investment Solutions Provider of the Year, Employer of Choice and CEO of the Year. Winners will be selected by a panel of industry experts and announced during the awards ceremony at Liberty Grand Toronto on June 6, 2024.

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Centurion Awarded 5-Star Rewards and Recognition 2024 by Canadian HR Reporter

Centurion Asset Management is pleased to have been selected as a recipient of the 5-Star Rewards and Recognition Award by Canadian HR Reporter for the third consecutive year. This award recognizes the exceptional quality of our rewards and recognition programs, and we are honored to have our efforts recognized in this way.

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Centurion Recognized as One of the Best Workplaces™ for Women 2024

Centurion is pleased to announce that we have been recognized on the 2024 list of Best Workplaces for Women after a thorough and independent analysis conducted by Great Place to Work®.

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