Coliwoo Holdings (W8W) Q1 2026 TU earnings summary

Executive summary

• Singapore co-living operator with 3,200 rooms across 27 locations; 20.6% market share based on operational rooms.

• Average occupancy reached 96.5% in Q1 FY2026, up 0.4 percentage points from FY2025.

Outlook and guidance

• Target to add at least 800 rooms annually over the next 3 years, using master leases and management contracts alongside active capital recycling.

• Pipeline: 212 rooms at 141 Middle Road targeted for 2Q FY2026; 380 rooms at 159 Jalan Loyang Besar for 3Q FY2026; 153 rooms at 1 King George’s Avenue for 4Q FY2027; and 120 rooms at 50 Armenian Street for 1Q FY2028.

• 865 rooms were under renovation at 31 Jan 2026, with the majority expected to be operational by FY2026.

Segment performance

• Portfolio at 31 Jan 2026: 768 owned rooms (24%), 1,907 leased (60%) and 525 managed (16%), for 3,200 total rooms.

• Managed operations include foreign healthcare-worker accommodation for MOH Holdings, totaling 701 beds.