Empiric Student Property plc is a United Kingdom-based closed-ended investment company. The Company intends to carry on business as a real estate investment trust (REIT). The investment objective of the Company is to provide Shareholders with regular, sustainable and growing long-term dividends (which it will seek to grow at least in line with the RPI inflation index) together with the potential for capital appreciation over the medium to long term. The Company’s properties include College Green, Bristol; Picturehouse Apartments, Exeter; Summit House, Cardiff, and Edge Apartments, Birmingham. In July 2014, the Company acquired its first three student accommodation properties. In September 2014, Empiric Student property PLC announces that company has acquired freehold of Centro Court, direct-let, premium student accommodation property in Aberdeen. Effective September 03, 2014, Empiric Student Property Plc acquired Centro Court Ltd.
Type
Public
HQ
London, GB
Size (employees)
55 (est)
Empiric Student Property is headquartered in London, GB
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Empiric Student Property Office Locations

Empiric Student Property has an office in London
London, GB (HQ)
6-8 James St
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Empiric Student Property Financials and Metrics

Empiric Student Property Financials

Empiric Student Property's revenue was reported to be £51.21 m in FY, 2017
GBP

Revenue (FY, 2017)

51.2 m

Gross profit (FY, 2017)

29 m

Gross profit margin (FY, 2017), %

56.6%

Net income (FY, 2017)

20.8 m

EBITDA (FY, 2017)

32.6 m

EBIT (FY, 2017)

32.5 m

Market capitalization (31-Oct-2017)

487.5 m

Closing share price (31-Oct-2017)

1

Cash (31-Dec-2017)

52.7 m

EV

455.5 m
Empiric Student Property's current market capitalization is £487.5 m.
GBPFY, 2015FY, 2016FY, 2017

Revenue

8.3 m21.6 m51.2 m

Cost of goods sold

6.1 m22.2 m

Gross profit

15.5 m29 m

Gross profit Margin, %

72%57%
GBPFY, 2015FY, 2016FY, 2017

Cash

78.8 m163.9 m52.7 m

Accounts Receivable

484 k500 k470 k

Current Assets

83 m182.6 m80.5 m

PP&E

79 k297 k475 k
GBPFY, 2015FY, 2016FY, 2017

Net Income

14.2 m28.1 m20.8 m

Cash From Operating Activities

3.7 m7.4 m21.4 m

Dividends Paid

4.4 m20.2 m30.6 m

Cash From Financing Activities

290.4 m315 m124.9 m
GBPY, 2017

EV/EBITDA

14 x

EV/EBIT

14 x

EV/CFO

21.3 x

Revenue/Employee

931 k

Financial Leverage

1.5 x
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