Share Prices & Company Research

Market News

14 Feb 2019 | 10:42

Empiric Student Property expects portfolio value to rise more than 4.5% amid good progress on objectives

Empiric Student Property said Thursday its property portfolio was expected to rise by more than 4.5% for the full year, following 'good progress' on financial improvements. For the year ended 31 December 2018, the company expected to deliver significant improvements on key financial metrics in line with previously announced management expectations. Gross margin was expected to come in above 61%, up from 57% in 2017; administration costs below £10m, down from £13.5m a year earlier; with a dividend of at least 60% covered by adjusted earnings, up from 33%. 'The programme of bringing all facilities management in-house in stages by 1 April 2019 remains on track and bookings for the 2019/20 academic year are progressing in line with expectations,' the company said.

At 10:42am: (LON:ESP) Empiric Student Property Plc share price was +0.4p at 98.5p

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.