Empiric Student Property (ESP)

Index:

FTSE 250

94.50p
   
  • Change Today:
    -0.60p
  • 52 Week High: 99.50
  • 52 Week Low: 85.20
  • Currency: UK Pounds
  • Shares Issued: 663.86m
  • Volume: 2,104,083
  • Market Cap: £627.35m
  • RiskGrade: 140

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.

1 Day Chart (31-10-2024)

1 Day Chart

6 Month Chart

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Financials

Latest F'cast
Div Yield 3.6% 0.0%
Div Cover 3.3 1.2
Op Mrgn 88.7% 62.5%
ROCE 6.5%  
Latest F'cast
P/E 8.4 20.7
PEG 0.0 n/a
Pr/Revenue 7.8 8.9
Pr/Book 0.9  
Latest F'cast
Revenue 10.3% -6.9%
PBT -21.1% -12.3%
EPS 229.4% -59.3%
DPS 36.0% 11.8%

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 74.93 46.84 4.56p 20.7 n/a -59% 3.80p 0.0%
31-Dec-25 82.48 51.88 5.12p 18.5 1.5 +12% 4.19p 0.0%
31-Dec-26 84.30 58.50 5.73p 16.5 1.4 +12% 4.58p 0.0%

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ESP Company Announcements

Director/PDMR Shareholding 18-Oct-2024 14:37 RNS
Block Listing Six Monthly Return 18-Oct-2024 09:00 RNS
Results of Placing and RetailBook Offer 17-Oct-2024 07:00 RNS

ESP ShareCast News

Empiric Student Property raises £56.1m to fund a... 17-Oct-2024 ShareCast
Empiric Student Property confident after solid f... 15-Aug-2024 ShareCast
Empiric Student Property remains confident in FY... 22-May-2024 ShareCast

ESP Top Newspaper Links

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

Latest ESP Director Deals

Traded Action Notifier PriceAmountValue
17-Oct-24 Buy Alice Avis 94.97p 6,000 £5,697.90
17-Oct-24 Buy Donald Grant 95.32p 20,876 £19,898.92
17-Oct-24 Buy Duncan Garrood 93.00p 32,000 £29,760.00

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 94.50p
Change Today -0.60p
% Change -0.63 %
52 Week High 99.50
52 Week Low 85.20
Volume 2,104,083
Shares Issued 663.86m
Market Cap £627.35m
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 31-Oct-2024

Time Volume / Share Price
16:35 664,010 @ 94.50p
16:35 3,581 @ 94.50p
16:35 1,002 @ 94.50p
16:35 100 @ 94.50p
16:35 5,821 @ 94.50p

ESP Key Personnel

CEO Duncan Garrood

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