Share Name Share Symbol Market Type Share ISIN Share Description
Empiric Student Property LSE:ESP London Ordinary Share GB00BLWDVR75 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -0.49% 101.25p 101.00p 101.25p 102.00p 101.00p 102.00p 1,338,785 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 21.6 28.1 7.3 13.9 609.72

Empiric Student Property (ESP) Latest News

More Empiric Student Property News
Empiric Student Property Takeover Rumours

Empiric Student Property (ESP) Share Charts

1 Year Empiric Student Property Chart

1 Year Empiric Student Property Chart

1 Month Empiric Student Property Chart

1 Month Empiric Student Property Chart

Intraday Empiric Student Property Chart

Intraday Empiric Student Property Chart

Empiric Student Property (ESP) Discussions and Chat

Empiric Student Property Forums and Chat

Date Time Title Posts
26/4/201208:16Economics, Sentiment & Price2,939
11/9/200815:35Trading from Spain11
12/7/200215:55What is happening?20

Add a New Thread

Empiric Student Property (ESP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-09-22 16:15:00102.15399,272407,856.35OK
2017-09-22 16:08:43101.5052,63253,421.48OK
2017-09-22 15:54:52101.73217,746221,506.63O
2017-09-22 15:48:54101.657,4897,612.72NT
2017-09-22 15:48:54101.6913,64613,876.91NT
View all Empiric Student Property trades in real-time

Empiric Student Property (ESP) Top Chat Posts

Empiric Student Property Daily Update: Empiric Student Property is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker ESP. The last closing price for Empiric Student Property was 101.75p.
Empiric Student Property has a 4 week average price of 100.25p and a 12 week average price of 100.25p.
The 1 year high share price is 119.25p while the 1 year low share price is currently 100.25p.
There are currently 602,196,503 shares in issue and the average daily traded volume is 2,616,284 shares. The market capitalisation of Empiric Student Property is £609,723,959.29.
stemis: There's a company presentation on the interim results if anyone is interested hxxps:// Some interesting data. At 30 June 2017 they had 6,833 revenue generating beds (all of those wouldn't be generating during the full period though). The interims say that a further 758 beds are due to be operational for 2017/8 ( = total 7,591) and that this results in an annualised revenue of £66.8m. According to the presentation they have a current portfolio of 9,449 beds (not all operational) with a further 1,608 in assets under development. So eventually 11,057 beds. Assuming a prorata increase in annualised revenue to beds that gives £97.3m. Now let's assume future property operating costs increase by 29% of increased rent (see above), that gives total property operating costs of £30.8m. Assume admin costs increase by another, say, £2m per annum on the run rate in the interims - thats £17.2m. Interest charges stay at current level = £11.4m. Result is a net profit of £37.9m which is 6.3p a share. Boom, there's your dividend covered from rental income. Not sure what the timescale is on that. There's some assumptions in there but the point is that I think they have established a route to dividend cover. I'd rather they concentrated on delivering that plan than look over their shoulder at the share price and drive the business accordingly...
jonwig: SteMis - total return? And ESP's strategy looks rather like borrowing against future returns. EDIT: but this share price might be tempting!
a0002577: Rather less than brilliant interim results published this morning. Thus the significant price drop. Glad I sold last week.
tidcombe: To see the FT article if you are not a subscriber just do a Google search for "Student property fund enrols new investors" "An investment trust that buys student accommodation has announced a new share issuance as yield-hungry investors continue to pile into the asset class. Empiric Student Property, which is the larger of two UK-listed student property funds with total assets of £635m, is aiming to raise £150m. The company plans to invest the cash into providing about 3,500 new beds, including 1,000 in London, following the purchase of a portfolio of sites and properties for about £112m. Investment in purpose-built student accommodation — which Empiric specialises in developing and leasing — hit its second-highest year on record in 2016, according to consultancy EY. Investors have been attracted by the promise of income and capital growth fuelled by a historic undersupply of student accommodation, but critics of the sector fear it could be hit by a harsher post-Brexit immigration policy. According to figures from Unite, the listed student property developer, there are 3.5 students for every purpose-built student bed, with a 60,000 increase in first year students predicted for the academic year beginning in 2017. Shares in Empiric are currently trading on a 5 per cent premium to net asset value, meaning investors are willing to pay more for shares than the value of the underlying assets. The company plans to issue its new shares at a discount of 2.6 per cent to the closing price on June 26. Other companies with exposure to student accommodation have also been sought-after investments in recent years. Shares in GCP Student Living, another investment trust, are trading at a 4.8 per cent premium, while shares in Unite Group, the largest listed developer of student accommodation, have almost trebled over the past five years. Launched in 2014, the Empiric’s current portfolio includes student accommodation in UK university towns ranging from Aberdeen to Southampton, with several new acquisitions in York and Portsmouth. Related article Buy-to-let investors target university cities Rise in student housing owned by private landlords, says report Despite its elevated price tag, Empiric has delivered a share price total return of 9.3 per cent over one year, and 26.2 per cent over three years, according to data from the Association of Investment Companies. Not everyone strikes an upbeat note about the investment prospects for student accommodation, however. Consultancy EY predicted last December that investors are likely to be hit by falling student numbers over the coming decade, while several university cities — including Coventry, Liverpool, Leicester and Durham — were already approaching “saturation point” for purpose-built student blocks. EY said government projections of growth in student numbers after 2013 have been too high, while concerns about the government’s proposed restrictions on student visa numbers remain. It also suggested the growth of apprenticeships would be an attractive alternative for teenagers uncomfortable with the idea of taking on large student debts. The Office for National Statistics also forecasts a decline in the total numbers of 18 and 19-year-olds in the UK, from 1.6m in 2016 to 1.4m in 2021. This article has been amended to clarify that the Empiric share issue will be at a 2.6 per cent discount to the closing price on June 26, not to net asset value.."
shawzie: The Company should issue a circular stating that cladding on its student properties does not support combustion and that other safety issues have been dealt with. The share price will come under pressure if cash has to be found to cover safety issues and how much?
jombaston: You are quite right, risk. Lets face it this company IPO'd in June 2014 and had only managed to grow the NAV to 105.9 per share some 2 1/2 years later by Dec 2016. How would they have managed if the student market hadn't been booming over this period? I have been seriously underwhelmed. I'm not sure the share price really deserves a premium to NAV. I know they have been using capital to pay uncovered dividends but I suspect advisors, developers, agents, directors and others have been the real beneficiaries of their expansion over this period. Maybe shareholders will benefit in the future if they temper their ambitions but maybe they won't.
maddox: Another well located development site secured for 63 beds in Sheffield for start of the 2017/18 term. ESP are deploying their capital well and at an impressive pace. Regards, Maddox
davr0s: Good to see the recent cash raised being out to productive use quickly. Share price slowly grinding up...
ashbox: re 221 - share price also dropped yesterday due to xd 1.5p
mg1982: solid progress being made here. Its good to see the ambitions of keeping the dividend at 6% (currently 5.5% roughly at todays share price). We can expect the share price to appreciate as time goes on. One to tuck away for long term without stressing about it. Another UTG in the making I believe. GLA LT holders
Empiric Student Property share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20170923 14:47:43