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Empiric Student Property Plc

Current Price 90.20p Bid 90.00p Ask 90.30p Change -1.31%
Last Updated: 24/04/2024 11:05. Prices delayed by at least 15 minutes.
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Company 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.

Financial Highlights Year Ended 31/12/2023

Revenue
£80.50m
Operating Profit/Loss
£71.40m
Dividend yield (%)
3.60
Total dividend for year
n/ap
Dividend cover
3.29
P/E Ratio
8.50
More Financials

Key Personnel

Dr Duncan Garrood
Chief Executive Officer
Mr Donald Grant
Executive Director
Mr Martin Ratchford
Independent Non-Executive Director
Ms Clair Preston-Beer
Independent Non-Executive Director
Mr Mark A Pain
Non-Executive Chairman
Mr Alice Avis
Non-Executive Director

Stock Details

EPIC
ESPL
ISIN
GB00BLWDVR75
Shares in Issue
385.00m
Market cap
£347.27m

Analyst Views (4)

Strong Buy
 
75.00%
Buy
 
25.00%
Hold
 
0%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
90.20p
Bid Price
90.00p
Ask Price
90.30p
Volume
20,825
Change Today
-1.20p
% Change Today
-1.31%
Open
90.90p
Previous Close
91.40p
Intraday High
90.90p
Intraday Low
90.20p
52 Week High
96.50p
52 Week Low
83.80p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

More Charts

Income Statement

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
80.50
73.00
Operating Profit/Loss
71.40
81.20
Net Interest
-17.60
-15.00
Pre-Tax Profit
53.40
67.70
Profit After Tax from continuing operations
53.40
67.70
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
53.40
67.70
Attributable to:
Equity Holders of Parent Company
53.40
67.70
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2023
31 Dec 2022
Basic
8.80p
11.20p
Diluted
8.80p
11.10p
Adjusted
11.20p
3.40p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
2.00
2.40
Intangible Assets
3.10
1.90
Investment Properties
1,075.70
1,065.70
Investments
n/a
n/a
Other Financial Assets
n/a
n/a
Other Non-Current Assets
n/a
n/a
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
6.50
7.00
Cash at Bank & In Hand
40.50
55.80
Current Asset Investments
n/a
n/a
Other Current Assets
22.50
13.70
Other Assets
n/a
n/a
Total Assets
1,150.30
1,146.50

Liabilities

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
56.60
0.10
Other Current Liabilities
58.30
57.90
Total Current Liabilities
114.90
58.00
Non-Current Liabilities
Borrowings
301.20
387.70
Provisions
n/a
n/a
Other Non-Current Liabilities
n/a
n/a
Total Non-Current Liabilities
301.20
387.70
Other Liabilities
n/a
n/a
Total Liabilities
416.10
445.70

Net Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Net Assets
734.20
700.80

Capital & Reserves

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Share Capital
6.00
6.00
Share Premium Account
0.30
0.30
Other Reserves
424.10
444.70
Retained Earnings
303.80
249.80
Shareholders Funds
734.20
700.80
Minority Interests/Other Equity
n/a
n/a
Total Equity
734.20
700.80

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
4th Interim
04 Apr 2024
19 Apr 2024
0.9375p
3rd Interim
16 Nov 2023
01 Dec 2023
0.9375p
2nd Interim
07 Sep 2023
22 Sep 2023
0.8125p
1st Interim
08 Jun 2023
23 Jun 2023
0.8125p
4th Interim
30 Mar 2023
14 Apr 2023
0.875p
3rd Interim
10 Nov 2022
25 Nov 2022
0.625p
2nd Interim
18 Aug 2022
02 Sep 2022
0.625p
1st Interim
01 Jun 2022
24 Jun 2022
0.625p
2nd Interim
03 Mar 2022
25 Mar 2022
0.625p
Interim
11 Nov 2021
03 Dec 2021
2.50p
4th Interim
27 Feb 2020
20 Mar 2020
1.25p
3rd Interim
05 Dec 2019
20 Dec 2019
1.25p
2nd Interim
05 Sep 2019
20 Sep 2019
1.25p
1st Interim
06 Jun 2019
28 Jun 2019
1.25p
4th Interim
28 Feb 2019
22 Mar 2019
1.25p
1st Interim
22 Nov 2018
07 Dec 2018
1.25p
1st Interim
22 Nov 2018
07 Dec 2018
1.25p
2nd Interim
30 Aug 2018
14 Sep 2018
1.25p
4th Interim
08 Mar 2018
23 Mar 2018
1.25p
3rd Interim
30 Nov 2017
15 Dec 2017
1.25p
2nd Interim
20 Jul 2017
01 Aug 2017
1.525p
1st Interim
18 May 2017
31 May 2017
1.525p
2nd Interim
19 Jan 2017
03 Feb 2017
1.55p
1st Interim
27 Oct 2016
10 Nov 2016
1.50p
4th Interim
04 Aug 2016
17 Aug 2016
1.50p
4th Interim
04 Aug 2016
17 Aug 2016
1.50p
3rd Interim
02 Jun 2016
23 Jun 2016
1.50p
3rd Interim
02 Jun 2016
23 Jun 2016
1.50p
2nd Interim
10 Mar 2016
23 Mar 2016
1.50p
1st Interim
15 Oct 2015
04 Nov 2015
1.50p

Dividend Metrics

Year End Date
31 Dec 2023
31 Dec 2022
Dividend growth
36.00%
n/a%
Dividend yield
3.60%
3.00%
Dividend cover
3.29
1.36


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