Ankündigung • Jul 31
The Unite Group PLC Announces Stepping Down of Ross Paterson from the Board, Effective August 31, 2026 The Unite Group PLC announced that Ross Paterson is stepping down from the Unite Group Board on August 31, 2026 at the end of his tenure. Declared Dividend • Jul 30
First half dividend of UK£0.13 announced Shareholders will receive a dividend of UK£0.13. Ex-date: 17th September 2026 Payment date: 30th October 2026 Dividend yield will be 6.6%, which is higher than the industry average of 3.8%. Ankündigung • Jul 29
Unite Group PLC to Report First Half, 2026 Results on Jul 28, 2026 Unite Group PLC announced that they will report first half, 2026 results on Jul 28, 2026 New Risk • Jul 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 60x cash flows per share). Ankündigung • Jul 28
Unite Group PLC Proposes Interim Dividend for the First Half Ended June 30, 2026, Payable on 30 October 2026 Unite Group PLC proposed an interim dividend payment of 12.8 pence per share for the first half ended June 30, 2026, unchanged compared to the prior year (first half 2025: 12.8 pence). The interim dividend will be partially paid as a Property Income Distribution (PID) of 4.3 pence, with the remaining 8.5 pence paid as an ordinary dividend. The interim dividend will be paid on 30 October 2026 to shareholders on the register at close of business on 18 September 2026. The Company does not intend to offer a scrip alternative for the 2026 interim dividend. Ankündigung • Jun 23
Unite Group plc Announces Step Down of Thomas Jackson as Non-Executive Director, with Effect from 23 June 2026 Unite Group PLC announced that Thomas Jackson, CPPIB's nominated Director, stepped down from his position as Non-Executive Director of the Company, effective June 23, 2026. Thomas Jackson joined the Board following the Group's acquisition of Liberty Living from CPPIB in 2019 as part of a relationship agreement between CPPIB and Unite, under which CPPIB was entitled to appoint one Non-Executive Director to the Board while its shareholding exceeded 10%. Board Change • Jun 02
Less than half of directors are independent Following Non-Executive Director Duncan Cooper's arrival on 01 June 2026, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Senior Independent Director Nicky Dulieu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Mar 23
Unite Group PLC(LSE:UTG) dropped from FTSE All-World Index (USD) Unite Group PLC(LSE:UTG) dropped from FTSE All-World Index (USD) Ankündigung • Sep 22
Unite Group PLC(LSE:UTG) dropped from FTSE 100 Index Unite Group PLC(LSE:UTG) dropped from FTSE 100 Index Ankündigung • Jul 31
Unite Group plc Proposes Interim Dividend for the First Half of 2025, Payable on October 31, 2025 Unite Group PLC proposed an interim dividend payment of 12.8 pence per share, which represents an increase of 3% compared to the prior year (first half of 2024: 12.4 pence). The interim dividend will be partially paid as a Property Income Distribution (PID) of 9.7 pence with the remaining 3.1 pence paid as an ordinary dividend. The interim dividend will be paid on 31 October 2025 to shareholders on the register at close of business on 19 September 2025. Ankündigung • Jun 06
Empiric Student Property Confirms Proposal from Unite Group The board of Empiric Student Property Plc (LSE:ESP) (the ‘Board’) noted the recent press speculation and confirms that, on 7 May 2025, it received a non-binding proposal from Unite Group PLC (LSE:UTG) (‘Unite’) to acquire the entire issued and to be issued share capital of Empiric. Following a period of engagement, the Board received a revised proposal from Unite on 29 May 2025 comprising 30 pence in cash and 0.09 new Unite shares per Empiric share (the ‘Proposal’). Based on Unite's closing share price of 855.5 pence on 4 June 2025, being the last business day prior to the date of this announcement, the Proposal values each Empiric share at 107.0 pence. On the basis of the Proposal, the Board has agreed with Unite to enter an initial period of due diligence. A further announcement will be made as appropriate. There can be no certainty that an offer will be made, nor as to the terms of any offer if made. In accordance with Rule 2.6(a) of the Code, Unite is required, by not later than 5.00 p.m. (London time) on 3 July 2025, either to announce a firm intention to make an offer for Empiric in accordance with Rule 2.7 of the Code, or to announce that it does not intend to make an offer for Empiric, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can only be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. Ankündigung • Jun 05
Unite Group PLC (LSE:UTG) proposed to acquire Empiric Student Property Plc (LSE:ESP) £710 million Unite Group PLC (LSE:UTG) proposed to acquire Empiric Student Property Plc (LSE:ESP) £710 million on May 7, 2025. Unite Group PLC submitted a revised proposal on May 29, 2025. The consideration consists of common equity of Unite Group PLC at a ratio of 0.09 per common equity of Empiric Student Property Plc. A cash consideration valued at £0.3 per share will be paid by Unite Group PLC. As part of consideration, £710 million is paid towards common equity of Empiric Student Property Plc.
Peel Hunt LLP acted as financial advisor for Empiric Student Property Plc. Jefferies International Limited acted as financial advisor for Empiric Student Property Plc. Buy Or Sell Opportunity • Oct 16
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €11.00. The fair value is estimated to be €9.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has declined by 18%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Ankündigung • Oct 09
United Group in Advance Stages to Acquire Property from USAF Unite Group PLC (LSE:UTG) is in the advanced stages of the property acquisitions from Unite UK Student Accommodation Fund (USAF), to be part-funded by disposals to USAF, with the transaction expected to complete in the coming weeks. We are progressing further opportunities for development, university partnerships and acquisitions in London and prime regional markets at attractive returns. We expect to add to our pipeline during the fourth quarter. Upcoming Dividend • Sep 12
Upcoming dividend of UK£0.12 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 01 November 2024. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.9%). Buy Or Sell Opportunity • Aug 13
Now 21% overvalued Over the last 90 days, the stock has fallen 2.7% to €10.90. The fair value is estimated to be €9.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has declined by 18%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. New Risk • Aug 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 12% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (118% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (12% increase in shares outstanding). Declared Dividend • Jul 29
First half dividend of UK£0.12 announced Shareholders will receive a dividend of UK£0.12. Ex-date: 19th September 2024 Payment date: 1st November 2024 Dividend yield will be 3.7%, which is about the same as the industry average. Buy Or Sell Opportunity • Jul 26
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 1.9% to €10.90. The fair value is estimated to be €8.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has declined by 18%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. New Risk • Jul 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (105% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Ankündigung • Jul 25
Unite Group PLC has filed a Follow-on Equity Offering. Unite Group PLC has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock Reported Earnings • Apr 11
Full year 2023 earnings released: EPS: UK£0.25 (vs UK£0.88 in FY 2022) Full year 2023 results: EPS: UK£0.25 (down from UK£0.88 in FY 2022). Revenue: UK£328.5m (up 6.6% from FY 2022). Net income: UK£102.5m (down 71% from FY 2022). Profit margin: 31% (down from 114% in FY 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Residential REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 11
Upcoming dividend of UK£0.24 per share Eligible shareholders must have bought the stock before 18 April 2024. Payment date: 24 May 2024. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.6%). Buy Or Sell Opportunity • Mar 20
Now 21% overvalued Over the last 90 days, the stock has fallen 6.7% to €11.10. The fair value is estimated to be €9.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings are forecast to grow by 35% per annum over the same time period. Buy Or Sell Opportunity • Mar 01
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at €11.10. The fair value is estimated to be €9.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 2.1% per annum. Earnings are forecast to grow by 35% per annum over the same time period. Declared Dividend • Feb 29
Final dividend of UK£0.24 announced Shareholders will receive a dividend of UK£0.24. Ex-date: 18th April 2024 Payment date: 24th May 2024 Dividend yield will be 3.5%, which is lower than the industry average of 3.8%. Ankündigung • Feb 29
Unite Group PLC Proposes Final Dividend, Payable on 24 May 2024 Unite Group PLC proposed a final dividend payment of 23.6 pence per share (2022: 21.7 pence), making 35.4 pence for the full year (2022: 32.7 pence) and representing an 8% increase compared to 2022. Subject to approval at the company's Annual General Meeting on 16 May 2024, the dividend will be paid in either cash or new ordinary shares (a scrip dividend alternative) on 24 May 2024 to shareholders on the register at close of business on 19 April 2024. The last date for receipt of scrip elections will be 2 May 2024. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: UK£0.25 (vs UK£0.89 in FY 2022) Full year 2023 results: EPS: UK£0.25 (down from UK£0.89 in FY 2022). Revenue: UK£328.5m (up 6.6% from FY 2022). Net income: UK£102.5m (down 71% from FY 2022). Profit margin: 31% (down from 115% in FY 2022). Revenue is forecast to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Residential REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 27
Unite Group PLC, Annual General Meeting, May 16, 2024 Unite Group PLC, Annual General Meeting, May 16, 2024. Ankündigung • Feb 13
Unite Group PLC to Report Q3, 2024 Results on Oct 08, 2024 Unite Group PLC announced that they will report Q3, 2024 results on Oct 08, 2024 Ankündigung • Jan 10
Unite Group PLC to Report Q4, 2023 Results on Feb 27, 2024 Unite Group PLC announced that they will report Q4, 2023 results on Feb 27, 2024 Ankündigung • Sep 23
Unite Group plc Announces Interim Dividend for the Year 2023 On 24 July 2023 the Unite Group PLC announced its half year results for the six months to 30 June 2023 and that it would be paying a 2023 interim dividend of 11.8 pence, fully paid as a Property Income Distribution (PID). TheUnite Scrip Dividend Scheme is being offered to shareholders in respect of thisPID, with aScrip Reference Share Price of 918.00 pence. This Scrip Reference Share Price is calculated by taking the average of the closing middle market quotation for shares in the Company, derived from the London Stock Exchange Daily Official List, for the five consecutive dealing days from 14 September 2023 to 20 September 2023 (inclusive). Upcoming Dividend • Sep 07
Upcoming dividend of UK£0.12 per share at 3.7% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 27 October 2023. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.1%). New Risk • Aug 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (43% net profit margin). Shareholders have been diluted in the past year (8.9% increase in shares outstanding). New Risk • Jul 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 43% Last year net profit margin: 176% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (43% net profit margin). Reported Earnings • Jul 25
First half 2023 earnings released: EPS: UK£0.29 (vs UK£0.83 in 1H 2022) First half 2023 results: EPS: UK£0.29 (down from UK£0.83 in 1H 2022). Revenue: UK£180.1m (up 8.8% from 1H 2022). Net income: UK£115.2m (down 65% from 1H 2022). Profit margin: 64% (down from 200% in 1H 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Residential REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 25
Unite Group PLC has completed a Follow-on Equity Offering in the amount of £300.000007 million. Unite Group PLC has completed a Follow-on Equity Offering in the amount of £300.000007 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,693,930
Price\Range: £9.05
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,253
Price\Range: £9.05
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 441,989
Price\Range: £9.05
Transaction Features: Regulation S Ankündigung • Jun 23
Unite Group PLC to Report Q2, 2023 Results on Jul 25, 2023 Unite Group PLC announced that they will report Q2, 2023 results on Jul 25, 2023 Ankündigung • May 19
Unite Group plc Elects Nicola Dulieu to Its Board of Directors Unite Group PLC announced that its AGM held on May 18, 2023 shareholders elected Nicola Dulieu to its board of directors. Ankündigung • May 17
Unite Group PLC Appoints Angela Jain Independent Non-Executive Director, Effective 1 August 2023 Unite Group PLC announced appointment of Angela Jain as a Non-Executive Director. Angela will join the Board on 1 August 2023. Angela has enjoyed a very successful career in the commercial television industry at ITV, Channel 4 and Channel 5, with a strong focus on younger audiences. For the past twelve years she has held senior executive roles at ITV where she is currently Director of Unscripted UK television. In her roles she has commissioned and developed many of the most popular and commercially successful programmes of the past twenty years, including Love Island, Misfits and The Inbetweeners. This focus on younger audiences has required Angela to remain in-touch with this generation giving her deep knowledge and understanding of the needs, wants and behaviours of young people. This experience and understanding is very relevant to Unite's customer base. In addition, Angela has Non-Executive Director experience having sat on the Boards of BusinessLDN for the past eight years, where she is currently Deputy Chair, gaining strong insights into the broader business community, government and other key stakeholders in London. She has also served as a Non-Executive Director on the Board of ITN. Angela will join Unite's Health & Safety Committee, where her extensive experience of working in unscripted television focused on younger audiences will provide valuable wellbeing and safeguarding insight. Upcoming Dividend • Apr 06
Upcoming dividend of UK£0.22 per share at 3.3% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 26 May 2023. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.9%). Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: UK£0.89 (vs UK£0.86 in FY 2021) Full year 2022 results: EPS: UK£0.89 (up from UK£0.86 in FY 2021). Revenue: UK£259.3m (down 14% from FY 2021). Net income: UK£355.1m (up 3.7% from FY 2021). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Ankündigung • Feb 07
Unite Group plc Announces Directorate Changes The Unite Group plc announceD the appointment of Nicky Dulieu (Non-Executive Director) as Senior Independent Director and Chair of the Remuneration Committee, with effect from 1 March 2023. Nicky has been a member of the Remuneration Committee since joining the Board and has extensive experience of Chairing Remuneration Committees and as a Senior Independent Director (currently Remuneration Committee Chair at Adnams Plc and Redrow Plc, where she is also the Senior Independent Director). This announcement follows the Company's previous announcement made on 21 December 2022 confirming that Elizabeth McMeikan, current Senior Independent Director and Chair of the Remuneration Committee, will retire from the Board with effect from close of business on 28 February 2023. Ankündigung • Dec 22
Unite Group Plc Announces Retirement of Elizabeth Mcmeikan, Senior Independent Director and Chair of the Remuneration Committee on 28 February 2023 Unite Group Plc announces that Elizabeth McMeikan, Senior Independent Director and Chair of the Remuneration Committee, will be retiring from the Board after 9 years of service with effect from close of business on 28 February 2023. Board Change • Nov 16
High number of new directors Independent Non-Executive Director Nicky Dulieu was the last director to join the board, commencing their role in 2022. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Nicky Dulieu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Oct 12
Unite Group Plc (LSE:UTG) entered into an agreement to acquire 178-unit Scheme in Stratford for £71 million. Unite Group Plc (LSE:UTG) entered into an agreement to acquire 178-unit Scheme in Stratford for £71 million on October 11, 2022. The acquisition of 180 Stratford will increase Unite’s scale in the Stratford market to around 3,700 beds. The property is expected to produce a yield on cost of 4.3% following a planned refurbishment starting in 2023. Board Change • Oct 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Nicky Dulieu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €8.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the REITs industry in Europe. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.73 per share. Ankündigung • Sep 22
Clearbell Property Partners III LP the fund managed by Clearbell Capital LLP acquired Portfolio of six properties in Aberdeen for £33 million. Clearbell Property Partners III LP the fund managed by Clearbell Capital LLP acquired Portfolio of six properties in Aberdeen for £33 million on September 21, 2022.Clearbell Property Partners III LP the fund managed by Clearbell Capital LLP completed the acquisition of Portfolio of six properties in Aberdeen for £33 million on September 21, 2022. Buying Opportunity • Sep 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €13.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 63%. Revenue is forecast to decline by 1.8% in 2 years. Earnings is forecast to decline by 27% in the next 2 years. Upcoming Dividend • Sep 08
Upcoming dividend of UK£0.11 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 28 October 2022. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.1%). Ankündigung • Aug 06
The Unite Group plc Appoints Nicky Dulieu as Independent Non-Executive Director The Unite Group plc, announced the appointment of Nicky Dulieu as a Independent Non-Executive Director. Nicky will join the Board on 1 September 2022 and will also join the Remuneration, Audit and Nominations Committees. Nicky has extensive listed company Board experience and currently holds Non-Executive Director roles at WH Smith, Redrow and Adnams. In addition, she has previous board experience with Marshall Motor Holdings, Huntsworth and Notcutts. Nicky, a chartered accountant, also brings extensive consumer experience having been the Chief Executive of Hobbs between 2008 - 2014 and Finance Director of Marks & Spencer's Food Division during a career at the retailer spanning 1982 - 2005. Reported Earnings • Jul 28
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£130.3m from profit in 1H 2021). Profit margin: (down from 82% in 1H 2021). Over the next year, revenue is expected to shrink by 9.5% compared to a 2.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 28
Unite Group plc Declares Interim Dividend, Payable on 28 October 2022 Unite Group Plc declared an interim dividend payment of 11.0 pence per share (2021: 6.5 pence). The interim dividend will be fully paid as a Property Income Distribution on 28 October 2022 to shareholders on the register at close of business on 16 September 2022. Buying Opportunity • Jul 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €14.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 0.2% per annum. Earnings is forecast to grow by 6.7% per annum over the same time period. Ankündigung • Jun 11
Unite Group Plc to Report Q2, 2022 Results on Jul 27, 2022 Unite Group Plc announced that they will report Q2, 2022 results on Jul 27, 2022 Buying Opportunity • May 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.8%. The fair value is estimated to be €14.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 0.2% per annum. Earnings is forecast to grow by 6.7% per annum over the same time period. Ankündigung • Apr 26
The Unite Group plc Announces Final Dividend for 2021 The Unite Group plc announced that it would be paying a 2021 final dividend of 15.6 pence, fully paid as a Property Income Distribution (PID). The deadline for application for the Scrip Scheme in respect of this dividend is 5 pm (London time) on May, 2022. Upcoming Dividend • Apr 07
Upcoming dividend of UK£0.16 per share Eligible shareholders must have bought the stock before 14 April 2022. Payment date: 20 May 2022. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (3.7%). Ankündigung • Mar 10
Lone Star Americas Acquisitions, Inc. agreed to acquire Portfolio of 11 properties from Unite Group Plc (LSE:UTG) and others for approximately £310 million. Lone Star Americas Acquisitions, Inc. agreed to acquire Portfolio of 11 properties from Unite Group Plc (LSE:UTG) and others for approximately £310 million on March 8, 2022. Completion will occur on March 15, 2022 on four of the properties in the portfolio for £51 million. The completion of the remaining properties will occur on August 31, 2022. Consideration proceeds will be used by Unite Group to fund its £1 billion development pipeline and explore additional growth opportunities. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: UK£0.86 (up from UK£0.32 loss in FY 2020). Revenue: UK£300.9m (up 23% from FY 2020). Net income: UK£342.4m (up UK£463.4m from FY 2020). Net asset value (NAV) per share: €10.55 (up 8.8% from FY 2020). The current share price is 17% higher than NAV per share. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to decline by -20% while the reits industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 09
Upcoming dividend of UK£0.065 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 29 October 2021. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.4%). Reported Earnings • Jul 29
First half 2021 earnings released: EPS UK£0.33 (vs UK£0.20 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£158.1m (up 9.2% from 1H 2020). Net income: UK£130.3m (up UK£204.6m from 1H 2020). Profit margin: 82% (up from net loss in 1H 2020). The move to profitability was primarily driven by lower expenses. Ankündigung • Jun 19
London Student Accommodation Joint Venture (LSAV) acquired Two London Properties from The Unite Group plc (LSE:UTG) for approximately £340 million. London Student Accommodation Joint Venture (LSAV) acquired Two London Properties from The Unite Group plc (LSE:UTG) for approximately £340 million on June 18, 2021. LSAV will fund the acquisition through £208 million of equity from Unite and GIC and a £140 million 8-year loan facility provided by Barings, which invested on behalf of two unnamed institutional investors. Unite will continue to manage and operate the properties under its management agreement with LSAV. The net disposal proceeds will initially be used to repay Group debt ahead of reinvestment into the development pipeline and further growth opportunities over time. The transaction will result in a small dilution to 2021 EPRA earnings of £0.004 per share.
London Student Accommodation Joint Venture (LSAV) completed the acquisition of Two London Properties from The Unite Group plc (LSE:UTG) on June 18, 2021. Recent Insider Transactions • Apr 24
Independent Non-Executive Director recently bought €108k worth of stock On the 22nd of April, Richard Akers bought around 8k shares on-market at roughly €13.07 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 09
Full year 2020 earnings released: UK£0.32 loss per share (vs UK£0.32 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: UK£245.5m (up 23% from FY 2019). Net loss: UK£121.0m (loss widened 36% from FY 2019). Net asset value (NAV) per share: €9.34 (down 4.3% from FY 2019). The current share price is 32% higher than NAV per share. Upcoming Dividend • Apr 09
Upcoming dividend of UK£0.13 per share Eligible shareholders must have bought the stock before 15 April 2021. Payment date: 21 May 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.5%). Executive Departure • Apr 03
Independent Chairman of the Board Philip White has left the company On the 31st of March, Philip White's tenure as Independent Chairman of the Board ended after 12.2 years in the role. As of December 2020, Philip personally held 15.29k shares (€176k worth at the time). Philip is the only executive to leave the company over the last 12 months. Ankündigung • Mar 20
Unite Students Announces Executive Changes Unite Students has appointed InterContinental Hotels Group’s UK and Ireland managing director, Karan Khanna, as its new chief customer officer.Khanna replaces John Blanshard, who left the business earlier this year.During Khanna’s time at IHG, which he joined in 2011 as director for global strategy and corporate development, he was responsible for more than 350 hotels and 3,000 team members. Reported Earnings • Mar 17
Full year 2020 earnings released: UK£0.32 loss per share (vs UK£0.32 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: UK£245.5m (up 23% from FY 2019). Net loss: UK£121.0m (loss widened 36% from FY 2019). Net asset value (NAV) per share: €9.43 (down 4.3% from FY 2019). The current share price is 23% higher than NAV per share. Ankündigung • Mar 17
The Unite Group plc Announces Executive Changes The Unite Group plc announced that phil white as Chairman and step down from the Board with effect from 31 March 2021 and he will be succeeded as Chairman by Richard Huntingford. Ankündigung • Mar 09
The Unite Group plc, Annual General Meeting, May 13, 2021 The Unite Group plc, Annual General Meeting, May 13, 2021. Is New 90 Day High Low • Feb 26
New 90-day high: €12.00 The company is up 12% from its price of €10.75 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.92 per share. Ankündigung • Jan 28
The Unite Group plc to Report Fiscal Year 2020 Results on Mar 16, 2021 The Unite Group plc announced that they will report fiscal year 2020 results on Mar 16, 2021 Ankündigung • Nov 28
The Unite Group plc to Report Fiscal Year 2020 Results on Feb 23, 2021 The Unite Group plc announced that they will report fiscal year 2020 results on Feb 23, 2021 Is New 90 Day High Low • Oct 30
New 90-day low: €8.76 The company is down 13% from its price of €10.09 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.17 per share.