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XLONUTG
Market cap4.92bUSD
Dec 23, Last price  
804.00GBP
1D
0.19%
1Q
-14.88%
Jan 2017
32.67%
Name

Unite Group PLC

Chart & Performance

D1W1MN
XLON:UTG chart
P/E
3,832.39
P/S
1,515.51
EPS
0.21
Div Yield, %
0.03%
Shrs. gr., 5y
2.75%
Rev. gr., 5y
8.87%
Revenues
259m
-0.04%
74,623,000113,799,000110,636,00072,140,000133,594,000265,400,000193,400,00094,900,000214,600,00097,300,000129,900,000237,600,000156,700,000156,900,000169,500,000156,200,000215,600,000266,899,999259,300,000259,200,000
Net income
103m
-70.76%
17,340,00032,310,00071,483,000-37,475,000-115,942,000-34,900,00019,600,0002,100,000125,600,00078,000,000102,600,000351,900,000224,000,000221,600,000235,700,000-89,200,000-121,000,000342,400,000350,500,000102,500,000
CFO
153m
-1.35%
-24,627,000-26,436,0004,052,000-156,825,000-172,464,00059,400,00033,300,000-73,600,00057,500,0005,200,00044,200,000120,500,00068,100,00056,300,00059,700,00080,200,00029,400,000160,500,000155,300,000153,200,000
Dividend
Sep 19, 202412.4 GBP/sh
Earnings
Feb 25, 2025

Profile

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation serving the country's world-leading Higher Education sector. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities. Our people are driven by a common purpose: to provide a 'Home for Success' for the students who live with us and to be the most trusted brand in the sector. We do this through quality service, quality people and quality properties, all designed on the basis of an excellent insight into students' needs and preferences. Unite's accommodation is high quality, affordable, safe and secure, and located where students want to live. Students live predominantly in en-suite study bedrooms with rents covering all bills, insurance, 24-hour security and high-speed Wi-Fi. MyUnite, our mobile app, provides practical support such as instant messaging and maintenance requests. We hold a five-star British Safety Council audit rating (out of five) following an Occupational Health and Safety audit. The audit measured our performance against a number of key safety management indicators, providing an international benchmark for safety management systems and indicating best practice for continual improvement. Our commitment to customer service is powered by an innovative, in-house operating platform. It provides a wide range of benefits to our students, such as an optimised online booking process, as well as providing us with a unique ability to drive value from our portfolio through scale efficiencies and revenue management. Our other strategic priority is delivering growing and sustainable earnings, underpinned by a strong capital structure. A key part of this strategy is growing the number of beds let through partnerships with the strongest UK universities which are experiencing record levels of student demand. We currently partner with 60 universities across the UK, guaranteeing that 52% of our rooms are let under 'nomination agreements' providing high visibility of forward occupancy and rental growth. Unite Students has spent years helping young people thrive in new situations and help them manage the big ‘Leap' to university life. Our insight has identified a significant gap between student expectations and reality. To support this leap, we have developed the Leapskills programme, helping to prepare prospective students for independent living. The programme introduces students to a number of student life scenarios to provoke group discussion on conflict resolution, problem solving and gives a general insight into shared living to help closer match expectations to reality. Unite is the founder of and major donor to the Unite Foundation, a charitable trust established to support talented students facing challenging financial circumstances through the provision of free accommodation scholarships. The Foundation has so far provided scholarships for 434 young people working in close collaboration with 27 partner universities. Unite is invested in and operates two specialist funds and joint ventures with institutional investment partners: the £3 billion Unite UK Student Accommodation Fund (USAF), and the £1 billion London Student Accommodation Vehicle (LSAV). Founded in 1991 in Bristol, Unite Group is an award-winning Real Estate Investment Trust (REIT), listed on the London Stock Exchange and a member of the FTSE 250 Index.
IPO date
Jun 01, 1999
Employees
1,764
Domiciled in
GB
Incorporated in
GB

Valuation

Title
GBP in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑122014‑12
Income
Revenues
259,200
-0.04%
259,300
-2.85%
266,900
23.79%
Cost of revenue
76,800
78,100
72,200
Unusual Expense (Income)
NOPBT
182,400
181,200
194,700
NOPBT Margin
70.37%
69.88%
72.95%
Operating Taxes
(1,100)
1,600
(1,400)
Tax Rate
0.88%
NOPAT
183,500
179,600
196,100
Net income
102,500
-70.76%
350,500
2.37%
342,400
-382.98%
Dividends
(103,400)
(85,100)
(57,200)
Dividend yield
2.38%
2.34%
1.29%
Proceeds from repurchase of equity
294,300
(600)
(200)
BB yield
-6.76%
0.02%
0.00%
Debt
Debt current
304,800
4,800
4,900
Long-term debt
944,400
1,353,400
1,253,900
Deferred revenue
68,000
64,600
Other long-term liabilities
153,800
173,300
Net debt
(63,300)
20,400
99,200
Cash flow
Cash from operating activities
153,200
155,300
160,500
CAPEX
(900)
(9,700)
(3,600)
Cash from investing activities
(109,400)
(236,700)
207,800
Cash from financing activities
(44,300)
10,000
(597,200)
FCF
(34,100)
163,900
271,800
Balance
Cash
37,500
38,000
109,400
Long term investments
1,275,000
1,299,800
1,050,200
Excess cash
1,299,540
1,324,835
1,146,255
Stockholders' equity
1,645,500
1,656,500
1,393,200
Invested Capital
3,958,960
4,072,865
3,904,745
ROIC
4.57%
4.50%
4.88%
ROCE
3.47%
3.50%
4.05%
EV
Common stock shares outstanding
416,898
400,165
399,571
Price
10.44
14.73%
9.10
-18.05%
11.11
6.27%
Market cap
4,352,415
19.52%
3,641,502
-17.93%
4,437,236
11.34%
EV
4,315,215
3,688,302
4,563,036
EBITDA
188,700
189,000
202,500
EV/EBITDA
22.87
19.51
22.53
Interest
31,800
41,700
47,900
Interest/NOPBT
17.43%
23.01%
24.60%