GCP Student Living Dividend Declaration and Net Asset Valuation

 
TIDMDIGS 
 
GCP Student Living plc (the "Company" or "Group") 
 
Dividend Declaration and Net Asset Valuation 
 
The Board of GCP Student Living plc, the UK's first REIT focused on student 
residential assets, is pleased to announce a first interim dividend of 1.43 
pence per ordinary share, in respect of the quarter ended 30 September 2016. 
The first interim dividend will be paid on 5 December 2016 to ordinary 
shareholders on the register as at 4 November 2016. The dividend of 1.43 pence 
per ordinary share will be paid in full as a REIT property income distribution 
("PID") in respect of the Group's tax exempt property rental business. 
 
As at close of business on 30 September 2016, the unaudited estimated EPRA net 
asset value per ordinary share of the Company was 137.41 pence. The EPRA net 
asset value includes income for the period (cum-income) and does not include a 
provision for an accrued dividend for the quarter to 30 September 2016. 
 
The EPRA net asset value (ex-income) was 135.98 pence per ordinary share as at 
that date. 
 
As at 30 September 2016, the valuation of the Company's portfolio was GBP449.9 
million. 
 
27 October 2016 
 
For further information please contact: 
 
Gravis Capital Partners LLP                                 [phone] 
 
Tom Ward                [e-mail] 
 
Nick Barker              [e-mail] 
 
Dion Di Miceli           [e-mail] 
 
Stifel Nicolaus Europe Limited                             [phone] 
 
Neil Winward            [e-mail] 
 
Mark Young             [e-mail] 
 
Tom Yeadon            [e-mail] 
 
Buchanan                                                          [phone] 
5000 
 
Charles Ryland        [e-mail] 
 
Vicky Watkins         [e-mail] 
 
About GCP Student Living plc 
 
The Company was the first student accommodation REIT in the UK. The Company 
invests in modern, purpose-built, private student residential accommodation and 
teaching facilities. Its investments are located primarily in and around London 
where the Investment Manager believes the Company is likely to benefit from 
supply and demand imbalances for student residential accommodation. 
 
The Company currently owns and operates c.2,000 beds across six properties, 
which are fully occupied, and has secured a further c.750 beds currently 
expected to be operational for the 2017/18 academic year. Its operational 
assets are primarily occupied by international students and offer new high 
specification facilities and hotel-level concierge type services which the 
Investment Manager believes are attractive to overseas students. 
 
 
 
END 
 

(END) Dow Jones Newswires

October 27, 2016 10:36 ET (14:36 GMT)