20th Aug 2021 17:14
GCP Student Living PLC - real estate investment trust focused on student accommodation in and around London - Has seen upturn in bookings across portfolio following UK A-Level results day last week Tuesday. Bookings trending below pre-virus levels, however. For 2021/2022 academic year, bookings stand at 56%, down from 95% pre-pandemic and 63% a year earlier. "The company continues to anticipate the 2021/22 booking season being condensed and back-ended. However, the company also continues to believe that total bookings for the 2021/22 academic year will be impacted by global travel restrictions," GCP explains.
Current stock price: 212.61 pence
Year-to-date change: up 48%
By Eric Cunha; [email protected]
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