Empiric Student Property Plc announce a final interim dividend of 0.9375 pence per share has been declared for the final quarter of 2023, bringing total dividends paid and payable in respect of 2023 to 3.5 pence. This represents an 87.5 per cent pay-out on EPRA EPS. The dividend will be paid as a Property Income Distribution on 19 April 2024 to shareholders on the register at 5 April 2024.
Other financial highlights include:
Revenue increased 10.3% to £80.5m (2022: £73.0m)
EPRA EPS increased 17.6% to 4.0p (2022: 3.4p)
Portfolio valuation of £1,097.9m up 3.0% like for like (net of capex)
Net initial yield of 5.5% (2022: 5.2%)
EPRA NTA per share increased 4.6% to 120.7p (2022: 115.4p)
Total accounting return of 7.6% (2022: 10.5%)
