StockMarketWire.com - GCP Student Living's economic net asset value per share rose from 97.00p on listing to 102.61p at the end of March - a 5.8% increase on opening economic NAV.

The company - the only listed real-estate investment trust in the UK student accommodation sector - said dividend payments are in line with target with total of 3.35p per share having been paid for the period to 31 December and a third interim dividend of 1.35p per share having been declared on 22 April for the three months to 31 March 2014.

Chairman Robert Peto said: "In the past six months, the company has increased assets under management with the acquisition of The Pad, Egham and also strengthened its pipeline with forward purchase agreements to acquire The Pad phase 2, Egham, and Scape Guildford. The recent announcement of the new share issue to acquire Scape Greenwich shows that the company is looking to increase the size and quality of the portfolio and provide additional liquidity for shareholders.

"The company continues to perform in line with its strategy with income and capital returns delivered to date currently in excess of its target. With the increased application rate of domestic and in particular, international students, the company is well positioned to meet its targets over the forthcoming years."




At 1:47pm: [LON:DIGS] GCP Student Living Plc share price was 0p at 106.25p



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