Empiric Student Property reports H1 2024 interim results
Empiric Student Property, the owner and operator of premium, purpose-built student accommodation (PBSA) across the UK, has reported its interim results for the six months ended 30 June 2024.
Revenue increased 2.7% to £42.4m (30 June 2023 £41.3m), up 10.5% on a like-for-like basis.
The company is on track for their best-ever re-booker campaign, with continued strong demand for the academic year 2024/25. Revenue occupancy for the academic year 2024/25 is currently at 92%, with a continued expectation of exceeding 97%.
First half dividends is paid and payable of 1.75p, 7.7% ahead of H1 2023 and in line with financial targets …