GCP Student Living

LN: DIGS

£714.8m market cap

172.8p last close

GCP Student Living is a specialist UK real estate investment trust (REIT) investing in student residential assets, with a focus on London. The company seeks to provide shareholders with attractive total returns in the longer term, targeting 8–10% pa, through the payment of regular, sustainable, long-term dividends with the potential for modest capital appreciation.

Investment summary

GCP Student Living (DIGS) is continuing to benefit from strong supply-demand fundamentals in the markets in which it operates, primarily in and around London. It is maintaining full occupancy, rents continue to grow ahead of inflation and profitability is showing the benefits of scale. Dividends are growing and cover building as new assets come on stream, and DIGS is well on track for full cover on a fully developed and let basis. Investor sentiment towards the sector is positive and the new London Plan appears to be adding to the scarcity value of DIGS’s London assets.

Share price graph
Price performance
%
1m
3m
12m
Actual 6.1 5.6 18.4
Relative* 8.3 8.8 14.7
52-week high/low 173.8p/145.0p
*% relative to local index
Key management
Stephen Ellis Chairman
Rollo Wright CEO
Dion Miceli Head of Investment Funds
Saira Johnston Chief Financial Officer of Gravis Capital
William Macleod Investor Relations