Watkin Jones’ year-end trading statement outlines its successful completion of all 10 planned student accommodation developments for FY2017, and reinforces the excellent visibility it enjoys due to its strong development pipeline and robust forward sales position. As we have outlined before, the company operates in two of the hottest areas of residential real estate, namely purpose-built student accommodation (PBSA) and build to rent sector (BTR) and it operates a lower risk model. Therefore, it deserves to trade at a significant premium to mainstream Housebuilders.
02 Nov 2017
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Watkin Jones Plc (WJG:LON) | 41.8 0.1 0.6% | Mkt Cap: 107.2m
- Published:
02 Nov 2017 -
Author:
Mark Hughes -
Pages:
5
Watkin Jones’ year-end trading statement outlines its successful completion of all 10 planned student accommodation developments for FY2017, and reinforces the excellent visibility it enjoys due to its strong development pipeline and robust forward sales position. As we have outlined before, the company operates in two of the hottest areas of residential real estate, namely purpose-built student accommodation (PBSA) and build to rent sector (BTR) and it operates a lower risk model. Therefore, it deserves to trade at a significant premium to mainstream Housebuilders.