Latest News
From Empiric

Empiric News

Annual results for the year ended 31 December 2022

16th March 2023

The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of student accommodation across the UK, today announced the Company's preliminary results for the year ended 31 December 2022.

Financial highlights

  • Record revenue occupancy for AY2022/23 of 99% with LfL growth of 5.2%
  • Portfolio valuation up 7.3% LfL (2.4% net of capex) to £1.1 bn
  • Net Initial Yield of 5.2%, stable since interim
  • EPRA Net Tangible Asset value increase 8% to 115.4 pence per share
  • Total accounting return of 10.5%
  • Property LTV improved to 31%
  • Total dividends paid and declared 2.75 pence per share, guiding to an 18% improvement in 2023 (3.25 pence per share)

In this section

The Empiric plc management team has a long track record in the acquisition, development and management of student accommodation assets in the UK.

Today's share price

More details »

Questions? Get in touch.

Contact Us

Empiric Head Office
Empiric Student Property plc
1st Floor, 72 Borough High Street London, SE1 1XF
+44 (0)20 3828 8700

Media Contact

Dido Laurimore/Eve Kirmatzis
FTI Consulting
+44 (0)20 3727 1000

Joint Broker

Tom Yeadon/Andrew Morris
Jefferies International Limited

020 7029 8000

Joint Broker

Capel Irwin / Carl Gough
Peel Hunt LLP

020 7418 8900