IN BRIEF: GCP Student Living property portfolio value rises in 2020

GCP Student Living PLC - real estate investment trust focused on private student accommodation in ...

Alliance News 5 March, 2021 | 3:35PM
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GCP Student Living PLC - real estate investment trust focused on private student accommodation in and around London - Reports EPRA net tangible assets per share of 171.38 pence at end of 2020, down slightly from 174.71p at end of 2019. However, value of property portfolio rises to GBP1.03 billion from GBP987.3 million.

"Travel restrictions combined with national and regional lockdowns and the closure of academic institutions in the UK have restricted the ability of students to attend universities and occupy their student accommodation, which in many cases has been booked but not occupied. The period under review also saw the UK depart from the EU," says Chair David Hunter.

Hunter adds: "It is therefore encouraging to note that the Group's portfolio continues to benefit from resilient valuations supported by the strength of investor demand for student accommodation assets in attractive locations, including the Company's core London market."

Current stock price: 148.75p

Year-to-date change: up 3.9%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
GCP Student Living Ord 168.60 GBX 1.69 -

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