Empiric Student Property (ESP)

Index:

FTSE 250

85.30p
   
  • Change Today:
    -1.40p
  • 52 Week High: 99.50
  • 52 Week Low: 84.53
  • Currency: UK Pounds
  • Shares Issued: 663.86m
  • Volume: 685,671
  • Market Cap: £566.27m
  • RiskGrade: 140
  • Beta: 0.48

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 4.0% 0.0%
Div Cover 3.3 1.2
Op Mrgn 88.7% 62.5%
ROCE 6.5%  
Latest F'cast
P/E 7.6 18.7
PEG 0.0 n/a
Pr/Revenue 7.0 7.6
Pr/Book 0.8  
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 18.7 n/a -59% 3.80p 0.0%
31-Dec-25 82.48 51.88 5.12p 16.7 1.4 +12% 4.19p 0.0%
31-Dec-26 84.30 58.50 5.73p 14.9 1.2 +12% 4.58p 0.0%

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ESP Company Announcements

Director/PDMR Shareholding 14-Nov-2024 09:00 RNS
Dividend Declaration 08-Nov-2024 09:00 RNS
Director/PDMR Shareholding 18-Oct-2024 14:37 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
14-Nov-24 Buy Duncan Garrood 71.10p 25,316 £17,999.68
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

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 85.30p
Change Today -1.40p
% Change -1.61 %
52 Week High 99.50
52 Week Low 84.53
Volume 685,671
Shares Issued 663.86m
Market Cap £566.27m
Beta 0.48
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
  3rd Interim 2nd Interim
Ex-Div 21-Nov-24 05-Sep-24
Paid 06-Dec-24 20-Sep-24
Amount 0.88p 0.88p

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 12,871 @ 85.30p
16:35 287,448 @ 85.30p
16:35 1 @ 85.30p
16:35 1,115 @ 85.30p
16:35 420 @ 85.30p

ESP Key Personnel

CEO Duncan Garrood

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