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Dividend Declaration

Released 07:00 10-May-2017

RNS Number : 6672E
Empiric Student Property PLC
10 May 2017

10 May 2017


Empiric Student Property plc

("Empiric" or the "Company" or, together with its subsidiaries, the "Group")


Dividend Declaration


The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, has declared a dividend of 1.525 pence per Ordinary Share in respect of the quarter ended 31 March 2017, payable on or around 31 May 2017 to Ordinary Shareholders on the register on 19 May 2017. The ex-dividend date will be 18 May 2017.


1.000 pence of this dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business and 0.525 pence will be paid as an ordinary UK dividend ("non-PID").


The Board is targeting a dividend of 6.1p per share for the 12 months ending 30 June 20171.  The Board expects dividend payments for the year ending 31 December 2017 to be substantially covered by adjusted EPRA earnings for the period.



(1)   The target dividend is a target only and not a forecast. There can be no assurance that the target will be met and it should not be taken as an indication of the Company's expected or actual future results.


For further information on the Company, please contact:


Empiric Student Property plc

(via Newgate below)

Paul Hadaway (Chief Executive)

Tim Attlee (Chief Investment Officer)

Akur Limited (Joint Financial Adviser)

Tel: 020 7493 3631

Tom Frost

Anthony Richardson

Siobhan Sergeant



Jefferies International Limited (Joint Financial Adviser and Broker)

Tel: 020 7029 8000

Gary Gould

Stuart Klein

David Watkins



Newgate (PR Adviser)

Tel: 020 7680 6550

James Benjamin


Zoe Pocock


Lydia Thompson



Further information on Empiric can be found on the Company's website at




Empiric Student Property plc is a leading provider and operator of modern, direct-let, nominated or leased student accommodation across the UK. Investing in both operating and development assets, Empiric is a multi-niche student property company focused on, (i) providing good quality first year accommodation managed through its Hello Student® operating platform in partnership with universities, (ii) offering a variety of second and third year purpose built accommodation options for individual students and those wanting a group living environment, and (iii) continuing to expand the Group's existing premium, studio-led accommodation portfolio which is attractive to international and postgraduate students.


The Company, an internally managed real estate investment trust ("REIT") incorporated in England and Wales, listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014.

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Dividend Declaration - RNS