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Watkin Jones lowers profit expectation after slow summer
Student accommodation developer’s share prices drop as it says it is unlikely to close any further deals before the end of September
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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