Last checked at 14 Mar 2024 07:05
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries, the "Group")
DIVIDEND DECLARATION
Empiric Student Property plc (ticker: ESP), the owner and operator of premium, studio-led student accommodation aligned to top-tier universities, is pleased to declare an interim dividend in respect of the quarter ended 31 December 2023 of 0.9375 pence per ordinary share.
Details of the dividend will be as follows:
· The dividend will be paid on | 19 April 2024 |
· Payable to shareholders on the register as at | 5 April 2024 |
· The ex-dividend date will be | 4 April 2024 |
This dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax-exempt property rental business.
This dividend will take the total dividend paid to shareholders in respect of 2023 to 3.5p, as targeted. A dividend payment of 3.5 pence per share reflects an 88% pay-out on EPRA earnings and cover of 114%, a 27% increase on the prior year.
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT:
Empiric Student Property plc | (via FTI Consulting below) |
Duncan Garrood (Chief Executive Officer) | |
Donald Grant (Chief Financial & Sustainability Officer) | |
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FTI Consulting (Communications Adviser) | 020 3727 1000 |
Dido Laurimore Eve Kirmatzis | empiric@fticonsulting.com
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The Company's LEI is 213800FPF38IBPRFPU87.
Further information on Empiric can be found on the Company's website at www.empiric.co.uk.
Notes:
Empiric Student Property plc is a leading provider and operator of modern, predominantly direct-let, premium student accommodation serving key UK universities. Investing in both operating and development assets, Empiric is a fully integrated operational student property business focused on premium studio-led accommodation managed through its Hello Student operating platform, that is attractive to affluent growing student segments.
The Company, an internally managed real estate investment trust ("REIT") incorporated in England and Wales, listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014. The Company is classified as a commercial company listed under chapter 6 of the UK Listing rules and as such is not an alternative investment fund ("AIF") for the purposes of the Alternative Investment Fund Managers Directive ("AIFMD") and is not required to provide investors with a Key information Document ("KID") in accordance with the Packaged Retail and Insurance-based Investment Products ("PRIIPs") regulations.