viewGCP Student Living PLC

GCP Student Living expects bookings to be in line with the current academic year

The investor keeps monitoring the coronavirus outbreak while it is uncertain on the impact of Brexit

GCP Student Living PLC - GCP Student Living PLC expects flat bookings for next academic year

GCP Student Living PLC (LON:DIGS) said growth in bookings for the next academic year will be in line with 2019/20.

The investor said it is monitoring the impact of the coronavirus outbreak but current residents “continue to occupy their rooms”.

"When it comes to bookings for next year, we have seen no impact in terms of reduction," a spokesperson told Proactive, adding it is in line with expectations.

"Students are probably not being put off by the virus, they think come September they will be able to travel and come to the UK."

International students account for 69% of occupants, rising to 82% including EU nationals. 

"Chinese students are our biggest demographic, which is not surprising given China is the largest cohort of university students in the UK," the spokesperson commented.

The firm, which joined the FTSE 250 in September, added it is “difficult to quantify” the impact of Brexit in the university accommodation market.

In the six months to 31 December, the net asset value per share jumped 10% to 174.71p, while rental income advanced 15% to £24mln.

Shares dropped 3% to 188.4p on Friday at the opening bell.

--Adds spokersperson's comment--

Quick facts: GCP Student Living PLC

Price: 123.4 GBX

Market: LSE
Market Cap: £5.6 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


ImagineAR signs two year deal with Valencia FC to bring Augmented Reality to...

ImagineAR (CSE: IP-OTCQB: IPNFF) CEO Alen Paul Silverrstieen and Valencia Chief Digital Innovation Officer Franco Segarra joined Steve Darling from Proactive to bring news the company has signed a two-year partnership agreement with Valencia FC, one of the biggest soccer clubs in the world and...

4 hours, 3 minutes ago

2 min read