Empiric Student Property (GB:ESP) has released an update.
Empiric Student Property PLC reports a positive outlook for the 2024/25 academic year, with expected full occupancy for the third year running and a projected rental growth of at least 6%. The company is advancing in joint venture discussions and planning applications, including a significant extension in Manchester and a new development in Bristol. Financially, Empiric has secured a strong position with a recent successful refinancing ensuring stability until 2028 and a commitment to a minimum dividend of 3.5 pence per share for 2024.
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