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Watkin Jones sees pipeline extend through until 2021

The AIM-listed group's student pipeline is in excess of 7,500 beds

Watkin Jones PLC‘s (LON:WJG) developments are all on track as scheduled said the student accommodation specialist.

The AIM-listed group's student pipeline is in excess of 7,500 beds, of which 97% of 2019's developments have been forward sold and 80% of 2020s.

Watkin Jones added it has also agreed to the sale of a 599-bed scheme in 2021 to DWS, which is the first move into student digs for the German fund manager.

Elsewhere, the build to rent pipeline contains three sites with planning and three where permission is being sought.

Two schemes are also being developed in Reading and Wembley.

Broker Peel Hunt likes the company, saying the visibility on profit delivery and earnings rating are attractive while the dividend is supported by a strong balance sheet and growing net cash position.

The share price eased a touch to 220p.

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