- Real estate investment company GCP Student reported a rise in quarterly earnings growth as a strengthening in investment markets and an improving environment for students booted its portfolio valuation.

For the quarter ended 31 March 2021, EPRA net tangible assets increased by 4.5% to 179.07 pence from the December quarter.

At 31 March 2021, the valuation of the company's portfolio was £1.06 billion.

'There are encouraging signs for the next academic year with total UCAS applications up 8% nationally and strong growth in applications from domestic, mature and non-EU international students alike,' the company said.

'Whilst applications from EU students have declined in the immediate aftermath of Brexit, it remains difficult to assess whether this represents a longer term trend. Approximately 13% of the Group's direct let portfolio was occupied by EU students pre-pandemic.

The company announced a third interim dividend of 0.25 pence per shares.

At 9:36am: [LON:DIGS] Gcp Student Living PLC share price was 0p at 140p

Story provided by