Last checked at 9 Jul 2019 07:00
9 July 2019
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries, the "Group")
TRADING UPDATE AND NOTICE OF HALF YEAR RESULTS
Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, will announce its half year results for the six months ended 30 June 2019 on Tuesday, 20 August 2019.
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The board is pleased to confirm that the Company remains on track for FY2019 with operating margin expected to be above 67%, administration costs around £10 million and dividend cover in the region of 85%.
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A Company presentation of the half year results for analysts and investors will be held at 9.00am on the day at the offices of Maitland, 3 Pancras Square, London, N1C 4AG. The presentation will also be accessible via a live conference call and on-demand via the Company website: https://www.empiric.co.uk/investor-information/company-documents.
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Those wishing to attend the presentation or access the live conference call are kindly asked to contact Maitland at empiric-maitland@maitland.co.uk or by telephone on +44 (0) 20 7379 5151.
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FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Empiric Student Property plc | (via Maitland/AMO below) |
Tim Attlee (Chief Executive Officer) | |
Lynne Fennah (Chief Financial & Operating Officer) | |
Jefferies International Limited | Tel: 020 7029 8000 |
Gary Gould | |
Stuart Klein | |
Maitland/AMO (Communications Adviser) | Tel: 020 7379 5151 |
James Benjamin | Email: empiric-maitland@maitland.co.uk |
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The Company's LEI is 213800FPF38IBPRFPU87.
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Further information on Empiric can be found on the Company's website at www.empiric.co.uk.
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Notes:
Empiric Student Property plc is a leading provider and operator of modern, direct-let, nominated or leased student accommodation across the UK. Investing in both operating and development assets, Empiric is a multi-niche student property company focused on, (i) providing good quality first year accommodation managed through its Hello Student® operating platform in partnership with universities, (ii) offering a variety of second and third year purpose-built accommodation options for individual students and those wanting a group living environment, and (iii) continuing to expand the Group's existing premium, studio-led accommodation portfolio which is attractive to international and postgraduate students.
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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.