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GCP Student Living (DIGS)

Business description

GCP Student Living is a specialist UK real estate investment trust (REIT) investing in student residential assets, with a focus on London. The company seeks to provide shareholders with attractive total returns in the longer term, targeting 8–10% pa, through the payment of regular, sustainable, long-term dividends with the potential for modest capital appreciation.

Stock data

Market cap.£563m
Last close146.20p
High / Low (52 weeks)148.5p / 136.4p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(0.5)6.6(1.7)
Relative *1.7(3.1)(5.5)

* % Relative to local index

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Latest research

Investment summary

GCP Student Living (DIGS) REIT provides exposure to the specialist purpose-built student accommodation real estate sector, with a focus on London (95% of the investment portfolio value). The sector benefits from a positive demand-supply balance and good levels of rental growth, while being much less exposed to economic-led cycles than mainstream commercial real estate. With a growing student population and competing demands for space, the supply shortage in London is particularly acute. DIGS aims for regular sustainable dividends with RPI-inflation linked characteristics and modest capital appreciation. Shareholder returns since the IPO are well ahead of the 8–10% long-term target.

Last updated on 30/05/2018

Key management

Stephen Ellis , Chairman
Rollo Wright , CEO
Dion Miceli, Head of Investment Funds
Saira Johnston, Chief Financial Officer of Gravis Capital
William Macleod, Investor Relations

Company address

438-490 Mile End Road
London
E1 4GG
United Kingdom
+44 20 7518 1490
View website