An announcement from Empiric Student Property ( (GB:ESP) ) is now available.
Empiric Student Property plc reported strong financial and operational performance for the year ended 31 December 2024, with significant progress in its growth agenda. The company achieved a 9.3% like-for-like rental growth and added three new sites to its portfolio in Bristol, Glasgow, and Manchester. Despite a slight dip in occupancy to 97% for the 2024/25 academic year, Empiric maintained a robust balance sheet with a loan-to-value ratio of 27.2% and extended its debt term to 4.7 years. The company’s strategic focus on premium student accommodation and refurbishment projects has driven enhanced rental growth and asset value, positioning it well for future opportunities.
More about Empiric Student Property
Empiric Student Property plc is a leading provider and operator of premium, studio-led student accommodation across the UK, primarily serving key universities. The company operates through a multi-building cluster model and manages its properties via the Hello Student platform, targeting affluent student segments. Empiric is an internally managed real estate investment trust (REIT) listed on the London Stock Exchange.
YTD Price Performance: 0.24%
Average Trading Volume: 957,061
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £551.8M
See more data about ESP stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com