GCP Student Living

LN: DIGS

£561.5m market cap

123.4p 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) continued to generate strong accounting and share price returns in the three months ended 31 December 2019 (Q220). Portfolio performance continues to benefit from strong supply-demand fundamentals in the markets in which it operates, primarily in and around London (85% of the portfolio value). This is reflected in full occupancy, above inflation rental growth and tightening valuation yields. 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.

Share price graph
Price performance
%
1m
3m
12m
Actual (9.4) (8.5) (24.0)
Relative* (9.6) (20.5) (9.2)
52-week high/low 212.5p/96.5p
*% 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