Aug 15, 2024 / 08:00AM GMT
Duncan Garrood - Empiric Student Property PLC - Chief Executive Officer, Executive Director
Good morning, everybody, and thank you for joining Donald and myself. Our agenda today is as follows. I'll give a short introduction. Donald will talk through the financial performance. I'll then talk in more detail about the business, and then we'll take any questions.
So let me start with a summary. Over 3 years ago, we presented our transformation plan designed to deliver results that benchmark well. Over the last year, we've demonstrated that across a suite of KPIs, the transformation plan is delivering with more to come.
Let me give you the headlines. We have strong, enduring market demand and declining supply. We have effectively full occupancy for the previous and current academic years. And we also expect it for next year.
Our Hello Student operating platform has delivered rents at record levels. Academic year '24-'25 like-for-like rental growth will exceed 6%, 4 percentage points above inflation.
Our H1 gross margin is 72% as we promised. Our H1 property valuation is
Half Year 2024 Empiric Student Property PLC Earnings Call Transcript
Aug 15, 2024
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