- GCP Student Living generated revenues of £11.5m for the financial year ended 30 June 2015, compared to £9.1m for 2014.

Net operating margin fell to 78% from 82%, while total shareholder returns for the year were 26% (up from 11.5%).

Dividends of 5.60 pence per share were either paid or declared in the period, in line with its target.

Robert Peto, Chairman, commented:

"I am pleased to report a year of strong performance and growth. The Company has paid dividends of 5.60 pence per share in respect of the year and delivered a total shareholder return of 26%, considerably in excess of its annualised target of 8-10%.

"The Companys third capital raise of £120 million in June 2015 was an outstanding success with a substantially oversubscribed issue of C shares. This was a pleasing endorsement of our success in delivering the Companys investment objectives and it has enabled the Company to add three further assets to its investment portfolio.

"The outlook for the Company remains positive for the forthcoming academic year and years ahead."

At 2:31pm: [LON:DIGS] GCP Student Living Plc share price was 0p at 134.5p

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