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Results for the 12 months ended 31 December 2020

17th March 2021

The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of student accommodation across the UK, today announced the Company's full year results for the 12 months ended 31 December 2020.

Financial highlights

  • Revenue £59.4m
  • Gross margin 61.9%
  • Administration expenses £9.8m
  • Profit before tax (£24m)
  • Basic earnings per share (3.97p)
  • Adjusted earnings per share 2.30p
  • Total dividends of 1.25 pence per share for 2020
  • Dividend cover 183.8%
  • Property valuation 1005m
  • The EPRA Net Tangible Asset value ("NTA") per share as at 31 December 2020 was 105.00 pence

To access the annual report, please click here.

To see the full announcement please click here.

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

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