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XLON
UTG
Market cap3.01bUSD
Oct 09, Last price  
423.20GBP
1D
-1.73%
1Q
-14.47%
Jan 2017
-27.03%
Name

Unite Group PLC

Chart & performance

D1W1MN
XLON:UTG chart
P/E
22.28
P/S
6.53
EPS
0.19
Div yield, %
8.53%
Shrs. gr., 5y
5.14%
Rev. gr., 5y
9.07%
Revenues
333m
+11.19%
110,636,00072,140,000133,594,000265,400,000193,400,00094,900,000214,600,00097,300,000129,900,000237,600,000156,700,000156,900,000169,500,000156,200,000215,600,000266,900,000259,300,000276,100,000299,300,000332,800,000
Net income
98m
-77.91%
71,483,000-37,475,000-115,942,000-34,900,00019,600,0002,100,000125,600,00078,000,000102,600,000351,900,000224,000,000221,600,000235,700,000-89,200,000-121,000,000342,400,000350,500,000102,500,000441,900,00097,600,000
CFO
155m
-28.56%
4,052,000-156,825,000-172,464,00059,400,00033,300,000-73,600,00057,500,0005,200,00044,200,000120,500,00068,100,00056,300,00059,700,00080,200,00029,400,000160,500,000155,300,000153,200,000216,400,000154,600,000
Dividend
Sep 17, 202612.8 GBP/sh

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Profile

Unite Group Plc, operating as Unite Students, is the UK's leading owner, manager, and developer of purpose-built student accommodation, catering to the country's world-renowned higher education sector. Following the significant £1.4 billion acquisition of Liberty Living's UK portfolio in November 2019, the company now provides residences for 76,000 students across 177 properties in 27 major university towns and cities. Unite's core mission is to provide a 'Home for Success' for students and to be the most trusted brand in the sector. This commitment is delivered through high-quality properties, dedicated staff, and excellent service, all informed by an acute understanding of student requirements. Their accommodation solutions are high-quality, affordable, secure, and strategically located. Most rooms are en-suite study bedrooms, with comprehensive rents that cover all utilities, insurance, 24-hour security, and high-speed Wi-Fi. The "MyUnite" mobile application further enhances the student experience by offering practical support like instant messaging and maintenance request submissions. Operational excellence is underscored by a five-star British Safety Council rating for Occupational Health and Safety, reflecting adherence to international benchmarks and best practices in safety management. Customer service is powered by an innovative, proprietary operating platform that optimizes the online booking process for students while enabling the company to maximize portfolio value through scale efficiencies and advanced revenue management. A primary strategic objective focuses on achieving sustainable earnings growth, underpinned by a robust financial framework. This is advanced by increasing bed occupancy through partnerships with prominent UK universities experiencing strong student demand. Unite currently collaborates with 60 universities, with 52% of its rooms secured by 'nomination agreements,' ensuring predictable occupancy rates and rental income. Recognizing the significant transition students face entering university life, Unite developed the "Leapskills" program. This initiative helps prepare prospective students for independent living by addressing the gap between expectations and reality, using scenarios to foster discussion on conflict resolution, problem-solving, and shared living. Beyond its commercial ventures, Unite is the founder and a major contributor to the Unite Foundation, a charitable trust. This foundation provides free accommodation scholarships to 434 talented students facing financial hardship, working in collaboration with 27 partner universities. Established in Bristol in 1991, Unite is an award-winning Real Estate Investment Trust (REIT) listed on the London Stock Exchange and part of the FTSE 250 Index. It also manages two specialized joint venture funds alongside institutional investment partners: the £3 billion Unite UK Student Accommodation Fund (USAF) and the £1 billion London Student Accommodation Vehicle (LSAV).

Related entities

Subsidiaries
LDC (FINANCE) LIMITED

Key people

Independent Non-Executive Chairman of the Board · since 2009
Richard S. Smith
Chief Executive Officer, Executive Director · since 2016
Joe J. Lister
Chief Financial Officer, Executive Director · since 2018
Group Property Director · since 2016
John Blanshard
Chief Customer Officer
Christopher Szpojnarowicz
Company Secretary, Head of Legal · since 2013
Thomas Jackson
Non-Executive Director · since 2019
Non-Executive Independent Director · since 2018
Ilaria del Beato
Non-Executive Independent Director · since 2018
Senior Non-Executive Independent Director · since 2018
Non-Executive Independent Director · since 2017
IPO date
Jun 01, 1999
Employees
1,764
Domiciled in
GB
Incorporated in
GB
Headquarters & legal address
1ST FLOOR WELCOME BUILDING
AVON STREET
BRISTOL, BST BS2 0PS
GB

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