GCP Student Living - Strong NAV returns and quarterly DPS increase
GCP Student Living (DIGS) continued to generate strong accounting and share price returns in the three months ended 31 December 2019 (Q220). Portfolio performance continues to benefit from strong supply-demand fundamentals in the markets in which it operates, primarily in and around London (85% of the portfolio value). This is reflected in full occupancy, above inflation rental growth and tightening valuation yields. Dividends are growing and cover building as new assets come on stream and DIGS is well on track for full cover on a fully developed and let basis.GCP Student Living is a closed-ended investment company. Co. is a real estate investment trust in the U.K. to focus on student residential assets. Co. is engaged in a single segment of business, being the investment and provision of student accommodation facilities (including ancillary retail and teaching facilities) in the U.K. Co.'s property portfolio consists of student accommodation focusing on international students, postgraduates and domestic students alike.
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