Since late-teens received their A-Level results, the mainstream media has been focusing on their algorithm-produced grades.
Investors in the purpose-built student accommodation sector (PBSA), however, will nervously await the figures for the number of students our universities will welcome to their campuses this autumn.
The narrative is that, in the face of continuous travel restrictions, uncertainty over future lockdowns and the prospect of a year of online-only lectures, the PBSA sector faces dwindling tenant numbers, thus declining rental income and returns on investment.
While recent musings about the fate of the sector would have you believe PBSA has slipped to the bottom of the class, this is far from the case. PBSA is and will remain an A* investment …