Empiric Student Property (ESP)


FTSE 250

  • Change Today:
  • 52 Week High: 96.60
  • 52 Week Low: 83.70
  • Currency: UK Pounds
  • Shares Issued: 603.46m
  • Volume: 341,662
  • Market Cap: £570.88m
  • RiskGrade: 140

Empiric Student Property's full-year profit slips as NAV, portfolio value rises

By Andrew Schonberg

Date: Monday 10 Apr 2017

LONDON (ShareCast) - (ShareCast News) - Empiric Student Property has posted a rise in first-half portfolio valuation and net asset value per share as its profit for the year slipped.
Pre-tax profit for the period to 31 December 2016 was £16.9m, which was down from the profit of £28.1m of a year earlier.

The company noted a £14.5m rise in the fair value of investment property, against a gain of £21.7m in the same period a year earlier.

"The last six months has been a period of continuing growth," said The Rt Hon Baroness Dean of Thornton-le-Fylde, chairman of Empiric Student Property.

"We invested in or committed to a further 14 buildings with 1142 beds in eight towns and cities across the UK, of which 10 buildings were operational," the baroness said.

The number of revenue generating assets rose from 52 at 30 June 2016 to 75 at 31 December 2016.

"In addition, a key development was the approval by shareholders of a revised Investment Policy which enables us to grow our existing studio portfolio, as well as diversifying the range of student accommodation formats, catering for a wider group of students.

"These changes have facilitated the implementation of our 2025 Plan - our blueprint for the future growth of the Group."

Empiric Student Property's portfolio valuation at 31 December 2016 was £721.3m, which was up 37.7% from 30 June that year. Net asset value per share was 105.9p, up 0.5%.

At 14:18 GMT, shares in Empiric Student Property were up 0.46% to 110.25p each.

Email this article to a friend

or share it with one of these popular networks:

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.


ESP Market Data

Currency UK Pounds
Share Price 94.60p
Change Today 0.100p
% Change 0.11 %
52 Week High 96.60
52 Week Low 83.70
Volume 341,662
Shares Issued 603.46m
Market Cap £570.88m
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
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ESP Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 13-Jun-24 04-Apr-24
Paid 28-Jun-24 19-Apr-24
Amount 0.88p 0.94p

Trades for 19-Jul-2024

Time Volume / Share Price
16:35 132,066 @ 94.60p
16:35 1,437 @ 94.60p
16:35 201 @ 94.60p
16:35 140 @ 94.60p
16:35 1,435 @ 94.60p

ESP Key Personnel

CEO Duncan Garrood

Top of Page