Empiric (ESP) has spent its first year as a listed company assembling a portfolio of premium, purpose-built student accommodation in university cities across the UK. This has been funded with the money raised at IPO and two further equity raises above NAV totalling £235.7m and £115m of debt. The target dividend of 4p for the first year has been met and the board aims to pay 6p in FY16. Further opportunities for growth abound in a growing and already undersupplied market and ESP ha
17 Sep 2015
Full-year results
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Full-year results
Empiric Student Property Plc (ESP:LON) | 90.3 0.6 0.8% | Mkt Cap: 544.9m
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17 Sep 2015 - Author:
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Empiric (ESP) has spent its first year as a listed company assembling a portfolio of premium, purpose-built student accommodation in university cities across the UK. This has been funded with the money raised at IPO and two further equity raises above NAV totalling £235.7m and £115m of debt. The target dividend of 4p for the first year has been met and the board aims to pay 6p in FY16. Further opportunities for growth abound in a growing and already undersupplied market and ESP ha