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Unite Group falls after large IFRS loss and balance-sheet concerns
Unite Group reported an IFRS pre-tax loss of £417m for H1 2026, driven by a 6.4% write-down of its property portfolio and higher property yields. Adjusted earnings per share slightly beat expectations, but EPRA NTA per share fell 9% to £8.65 and the pro‑forma net debt/EBITDA ratio rose to 7.5. Management confirmed the full-year adjusted EPS guidance but warned of headwinds from the Renters’ Rights Act, integration costs and uncertain demand from international postgraduates. The company increased its share buyback programme, but balance-sheet risks pushed the stock well below its 52‑week high. » More on de.investing.com
Higher costs weigh on Unite Group's half-year result
Unite Group reports an adjusted net result of £142m for H1 2026, down 2% year-on-year, hit by higher interest costs, asset disposals and lower occupancy. Under IFRS the company reported a pre-tax loss of £417.10m, mainly due to a 6.4% impairment on property. Adjusted earnings per share fell 8%; Unite completed £165m of share buybacks and £130m of asset sales. EPRA NTA per share is £8.65, NAV £8.79; the full-year guidance for adjusted EPS remains at 41.5–43.0 pence. For the 2026/27 academic year Unite expects occupancy of 94–96% and rental growth of 1–2%, supported by robust demand at top universities. » More on de.investing.com
Unite Group confirms full-year guidance despite slightly lower reservations
Unite Group reports a resilient trading performance for Q1 2026 in line with the February guidance. Reservations for 2026/27 stand at 74% (down 2 percentage points); adjusted EPS for 2026 remains at £0.415–0.430. Energy and interest costs are fully hedged for 2026, and £85m of the £100m share buyback programme has already been executed. Management is deferring guidance for 2027 until there is greater clarity in the rental cycle and continues to focus on portfolio optimisation and partnerships with universities. » More on de.investing.com
Historical dividends Dividends
All dividend metrics All metricsFinancials
| (EUR) | June 2026 | YoY |
|---|---|---|
| Revenue | 241.91m | - |
| Gross profit | 166.58m | - |
| Net profit | -484.87m | - |
| EBITDA | -457.36m | - |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €2.81bn |
Number of shares | 513.86m |
52-week high/low | €7.15 - €4.96 |
Dividend yield | 7.86% |
Dividends TTM | €0.43 |
Next dividend | €0.15 |
Beta | 0.94 |
P/E ratio | -4.67 |
PEG ratio | 0.02 |
P/B ratio | 0.53 |
P/S ratio | 6.68 |
Company 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.
| Name | UNITE GROUP |
| CEO | Joseph Julian Lister |
| Headquarters | Bristol,
bi United Kingdom |
| Website | |
| Sector | Real Estate |
| Industry | Real Estate Management & Development |
| IPO | 19/06/2012 |
| Employees | 1,917 |
Ticker symbols
| Exchange | Symbol |
|---|---|
London Stock Exchange | UTG.L |
Pnk | UTGPF |
Frankfurt | U1B.F |
Düsseldorf | U1B.DU |
London | UTG.L |
München | U1B.MU |