)
Empiric Student Property (ESP) investor relations material
Empiric Student Property Trading Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading performance and occupancy
Achieved 89% occupancy for academic year 2025/26, with January sales expected to boost this further.
Like-for-like rental growth for 2025/26 stands at 4.5%, matching prior guidance.
Increased reservations from UK students offset a reduction in Chinese student bookings, influenced by geopolitical factors.
Localized supply-demand imbalances in Nottingham, Sheffield, and Glasgow contributed to lower occupancy.
UK students now represent 43% of reservations, with Chinese and other international students making up the rest.
Portfolio management and capital deployment
Three postgraduate refurbishments completed in Bath, Sheffield, and Southampton; Bristol site to open early 2026.
Sale of Pavilion Court, Canterbury generated £7.5 million, exiting a non-core city.
Refurbishment program targets 300 more beds by September 2026, with all refurbished buildings now carbon-free onsite.
Smart heating systems installed in 55% of the portfolio, reducing energy consumption.
Financial position and dividends
Property LTV at 27.3% as of 30 September 2025, with a weighted average debt cost of 4.4% and 3.9 years to maturity.
Cash and available facilities total £101.8 million.
Dividend target of 3.7p per share for 2025 reconfirmed; Q3 dividend of 0.925p per share declared.
- Revenue and EPRA EPS grew as leverage fell and near-full occupancy was forecast.ESP
H2 2023 - Recommended offer from Unite and strong rental growth highlight a robust first half.ESP
H1 2025 - Strong rental growth, high occupancy, and portfolio expansion drive robust results.ESP
H1 2024 - Record occupancy, strong rental growth, and robust margins drive a positive 2025 outlook.ESP
H2 2024 - Full occupancy, strong rent growth, and robust financials drive positive outlook.ESP
Trading Update
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
)
)