Student REIT swings to a loss, but looks to growth next year
Its portfolio fell to £1.01bn and EPRA NAV per share was down by 3%
It said 55% of its student accommodation rooms continue to be occupied
Empiric Student Property will defer new developments and non-essential capital expenditure
Empiric Student Property’s chief executive Tim Attlee is leaving the company.
The firm’s EPRA Net Asset Value per share up by 2% to 108.5p
The 10-year loan is interest-only and fixed at 3.196% per annum
Bookings reach 96% in October, just short of 97% target
Empiric Student Property has reported a year-on-year valuation uplift of 13.4% in its property portfolio to £817.9m in its results for the six months to 30 June
Empiric Student Property is to buy the freehold of the Hahnemann Building in Liverpool for £10.8m
Empiric Student Property has raised £110m through a share issue, falling short of its £150m target.
Empiric Student Property has reported 9% growth in its property portfolio to £786.7m in the first six months of the year