Empiric Student Property (ESP)

Index:

FTSE 250

 98.30p
   
  • Change Today:
      0.000p
  • 52 Week High: 99.50
  • 52 Week Low: 83.70
  • Currency: UK Pounds
  • Shares Issued: 603.50m
  • Volume: 1,835,331
  • Market Cap: £593.24m
  • RiskGrade: 140
  • Beta: 0.00

ESP Overview

Empiric Student Property plc (LSE: ESP), a UK REIT, is a leading provider and operator of modern, direct-let, nominated or leased student accommodation located in prime city centre locations in top university towns and cities in the UK. The Empiric Student Property plc management team has a long track record in the acquisition, development and management of student accommodation assets in the UK.Looking forward, once we achieve occupancy levels in line with those before the pandemic, we expect to deliver a Gross Margin above 70% and a total return in the 7% to 9% pa range.

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Financials

Latest F'cast
Div Yield 3.5% 0.0%
Div Cover 3.3 1.1
Op Mrgn 88.7% 62.7%
ROCE 6.5%  
Latest F'cast
P/E 8.8 22.2
PEG 0.0 n/a
Pr/Revenue 7.4 8.0
Pr/Book 0.8  
Latest F'cast
Revenue 10.3% -7.8%
PBT -21.1% -12.8%
EPS 229.4% -60.5%
DPS 36.0% 14.0%

ESP Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-19 70.91 54.77 4.43p 22.0 0.6 +38% 5.00p 5.1%
31-Dec-20 59.44 (23.97) 2.30p 32.6 n/a -48% n/a 0.0%
31-Dec-21 56.00 29.20 1.60p 53.7 n/a -30% 2.50p 2.9%
31-Dec-22 73.00 67.70 3.40p 24.8 0.2 +112% 2.50p 3.0%
31-Dec-23 80.50 53.40 11.20p 8.5 0.0 +229% 3.40p 3.6%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

ESP Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-24 74.20 46.54 4.43p 22.2 n/a -60% 3.88p 0.0%
31-Dec-25 80.40 50.43 5.10p 19.3 1.3 +15% 4.19p 0.0%
31-Dec-26 80.33 54.00 5.65p 17.4 1.6 +11% 4.57p 0.0%

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ESP Company Announcements

CLARIFICATION OF DIVIDEND RATE 05-Sep-2024 16:13 RNS
Total Voting Rights and Capital 30-Aug-2024 09:00 RNS
Dividend Declaration 15-Aug-2024 07:05 RNS

ESP ShareCast News

Empiric Student Property confident after solid f... 15-Aug-2024 ShareCast
Empiric Student Property remains confident in FY... 22-May-2024 ShareCast
London close: Stocks finish higher as US inflati... 10-Apr-2024 ShareCast

ESP Top Newspaper Links

MIDAS UPDATE: Second fundraising for luxury stud... 10-Nov-2014 Daily Mail

Latest ESP Director Deals

No deals were found in the last 28 days.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

ESP Market Data

Currency UK Pounds
Share Price 98.30p
Change Today 0.000p
% Change 0.00 %
52 Week High 99.50
52 Week Low 83.70
Volume 1,835,331
Shares Issued 603.50m
Market Cap £593.24m
Beta 0.00
RiskGrade 140

ESP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend Not Available
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ESP Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 05-Sep-24 13-Jun-24
Paid 20-Sep-24 28-Jun-24
Amount 0.88p 0.88p

Trades for 20-Sep-2024

Time Volume / Share Price
16:36 103,269 @ 98.30p
16:54 1,032 @ 98.30p
16:42 49,300 @ 98.30p
16:42 12,647 @ 98.30p
16:36 38,807 @ 98.30p

ESP Key Personnel

CEO Duncan Garrood

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