Where we operate
The Empiric portfolio is well aligned to the high-growth locations with 97% aligned to Super Prime Regional or Prime Regional locations.
As at 31 December 2024:
Beds
7,685
31 December 2023 | 7,908
Cities and Towns
23
31 December 2023 | 27
Assets Held
75
31 December 2023 | 80
Investment proposition
Differentiated Business Model within the Popular PBSA Property Sector
We target investment in prime regional cities which attract students from the growing pool of affluent international, postgraduate and returning undergraduates, whose premium accommodation requirements are relatively under-served by the PBSA market. This segmented supply and demand imbalance drives both occupancy and rental growth, creating relatively high-yielding investments which provide attractive total returns.
Responsible and Industry-Leading Operating Brand
Hello Student, our operating brand, has become one of the most effective, responsible and recognisable in the sector. In the 2023 Global Student Living Index, Hello Student® outperformed all benchmarks for student satisfaction, exceeding the average for university and private halls. We were awarded a Platinum Operator Certification and achieved a positive NPS score of 30.5; a higher score compared to the NPS benchmarks for private halls of 13. We pride ourselves on high quality customer service and amenities.
Sustainable Long-Term Business Model
There has been consistently strong growth in student numbers over the past decade, with strong growth set to continue for the foreseeable future.