Watkin Jones lowers profit forecast after unexpectedly slow summer

By Carl Brown2024-08-21T10:18:00

Student accommodation developer’s share prices drop as it says it is unlikely to close further deals before September’s end

Watkin Jones has lowered its profit expectations for this year after a “slower than expected” summer.

The student housing and build-to-rent developer, in a trading update for the year ending 30 September, said it now expects its adjusted operating profit to be between £10m and £12m for the year. Previously it had forecast £15m to £20m. It also said it does not expect its 2025 figure to be higher than this.

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