Unite Group PLC (LON:UTG) said the coronavirus outbreak has not caused a “noticeable impact” on sales for the next academic year, with reservations currently sitting at 77%.
The student accommodation firm has cut the summer programme, which accounts for 3% of rental income, and does not expect a material hit on earnings.
The FTSE 250-listed firm said it has implemented advice from the authorities and is in dialogue with universities to support students.
Some face-to-face teaching has been suspended in the weeks leading up to Easter. University campuses, libraries and halls of residence remain open.
Shares dropped 11% to 840.95p on Monday morning.