Empiric revamp pays dividends

Students in corridor

Empiric Student Property has said its restructuring plans are on track and that 2019’s figures will be in line with expectations as cost cutting efforts boost earnings.

The company, which saw the value of its portfolio break through the £1bn valuation barrier last year, said it expected to achieve a gross margin of around 67% and dividend cover in excess of 85% in a trading update to investors.

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