The Centurion | 2023 | Spring Edition

Welcome to the Spring Edition of The Centurion. We’ve continued to make incredible strides and wrapped up Q1 on a strong note. Centurion has grown its assets under management to approximately $6.6 billion, that was supported by a strong acquisition strategy and the unwavering commitment of our team.

REIT 2023 Q1 Report highlights:

Total Assets increased by 7.0% to $6.1 billion during the quarter.
Property Operating Revenues increased by 41.3% over the same quarter last year.
Net Operating Income (“NOI”) increased by 42.3% to $52.1 million from $36.6 million over the same quarter last year.
NOI Margin increased to 61.9% as compared to 61.5% over the same quarter last year.
4 Properties with 933 rental units acquired during the quarter.
Trailing 12-Month Class A Return of 13.45%.
Trailing 12-Month Class F Return of 14.49%.

2022 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 behavior,

transparency, and accountability.

View Centurion's 2022 ESG Report

ADVISOR UPDATE WEBINAR

Watch the recording of the Spring 2023 Centurion Apartment REIT Advisor Update Webinar with Greg Romundt.

If you have any questions, please reach out to your Investment Sales Team or Head of Sales, Paul Mayer at pmayer@centurion.ca or (647) 204-6056.

Spring 2023 Centurion Apartment REIT Update Webinar

2023 WEALTH PROFESSIONAL AWARDS

Centurion was selected as an Excellence Awardee and shortlisted for two award categories in the 9th Annual Wealth Professional Awards. The shortlisted categories include Alternative Investment Solutions Provider of the Year, and Employer of Choice. Winners will be selected by a panel of industry experts and announced during the awards ceremony at Liberty Grand Toronto on June 1, 2023.

Learn More

YEAR IN REVIEW VIDEO

2022 was a year of growth, milestones, and success for Centurion! We're excited to share our Year in Review Video showcasing some notable highlights including a record number of acquisitions and reaching $6.3 billion in assets under management.

Thank you for being a part of our success. We look forward to a great year ahead!

FUND UPDATES

Here are the latest investor resources for each fund. 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

TMU Student Property – February 10, 2023

A new multi-residential student property in Toronto, Ontario

Centurion Asset Management Inc. in partnership with Toronto Metropolitan University (formerly Ryerson University), acquired a newly built, high-rise, multi-residential student property in Toronto. The partnership is concentrated exclusively on the residential tower of the Daphne Cockwell Health Sciences Complex ("DCC"), and is comprised of 18 floors with a total of 332 beds across 1-bedroom, 2-bedroom, and 4-bedroom apartments.

View full details

Evolution – January 31, 2023

A new multi-residential property in Sainte-Thérèse, Québec

This newly built 12- storey building was completed in 2020 and consists of a total of 240 condo-quality apartment units with a mix of studio, one-bedroom, two-bedroom and three-bedroom suites. The suites feature a contemporary interior design with condo-quality finishes, including luxury vinyl floors, quartz countertops, and stainless-steel appliances. The building offers excellent amenities including a rooftop terrace with panoramic views, a car wash station, expansive indoor parking, and a beautifully landscaped courtyard.

View full details

NOX, Phase I – January 31, 2023

A new multi-residential property in Gatineau, Québec

NOX Phase I, comprises of four buildings with 277 rental units. Each building is 7-storeys high and offers a variety of suite types including studio, one-bedroom, one-bedroom with a den, one-bedroom with a den plus mezzanine, two-bedroom, and two-bedroom plus mezzanine units. Each suite features a private outdoor terrace, in-suite laundry, and stainless-steel appliances. Amenities include a shared rooftop terrace, a gym, swimming pool, hot tub, a relaxation lounge, and pet wash facilities.

View full details

Axcès Ste-Thérèse – January 25, 2023

A new multi-residential property in Sainte-Thérèse, Québec

This 6-storey apartment complex, built with urban and refined architecture, consists of 84 suites that come in a variety of floorplans including bachelor, one-bedroom, one-bedroom plus den, two-bedroom, two-bedroom plus den, three-bedroom, and three-bedroom plus den units. The suites feature trendy finishes and stainless-steel appliances. Residents have access to excellent common spaces including a gym, outdoor terraces, and an outdoor swimming pool.

View full details