IN BRIEF: GCP Student bookings below pre-virus but sees A-Level boost

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

Alliance News 20 August, 2021 | 5:14PM
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GCP Student Living PLC - real estate investment trust focused on student accommodation in and around London - Has seen upturn in bookings across portfolio following UK A-Level results day last week Tuesday. Bookings trending below pre-virus levels, however. For 2021/2022 academic year, bookings stand at 56%, down from 95% pre-pandemic and 63% a year earlier. "The company continues to anticipate the 2021/22 booking season being condensed and back-ended. However, the company also continues to believe that total bookings for the 2021/22 academic year will be impacted by global travel restrictions," GCP explains.

Current stock price: 212.61 pence

Year-to-date change: up 48%

By Eric Cunha; ericcunha@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
GCP Student Living Ord 211.50 GBX 0.24 -

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