GCP Student Living’s (DIGS’s) FY20 financial performance was robust with increased rental income and fully adjusted earnings despite the impacts of the COVID-19 pandemic. Portfolio valuation gains drove NAV growth and including dividends paid the accounting total return was 7.6%. The pandemic will continue to negatively affect FY21, including reduced bookings for the 2020/21 academic year just commencing. However, beyond the current challenges we see no change in the positive fund
05 Oct 2020
GCP Student Living - Continuing growth punctuated by COVID-19
GCP Student Living - Continuing growth punctuated by COVID-19
- Published:
05 Oct 2020 -
Author:
Martyn King -
Pages:
17
GCP Student Living’s (DIGS’s) FY20 financial performance was robust with increased rental income and fully adjusted earnings despite the impacts of the COVID-19 pandemic. Portfolio valuation gains drove NAV growth and including dividends paid the accounting total return was 7.6%. The pandemic will continue to negatively affect FY21, including reduced bookings for the 2020/21 academic year just commencing. However, beyond the current challenges we see no change in the positive fund