Empiric Student Property (GB:ESP) has released an update.
Empiric Student Property plc reports a robust first half of 2024, with revenue up by 2.7% and like-for-like rental growth of 10.5%, signaling strong demand for its premium student accommodations. The company’s strategic acquisitions and refurbishments have contributed to increased portfolio valuation and highest ever re-booker rates. Despite inflationary pressures, adjusted company earnings rose by 2.8%, and dividends per share increased by 7.7%, underpinning confidence in sustained growth.
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