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Unite Group

OTCPK:UTGP.F
Snowflake Description

Established dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UTGP.F
OTCPK
£2B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Unite Students is the UK's largest manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. The last earnings update was 144 days ago. More info.


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UTGP.F Share Price and Events
7 Day Returns
0%
OTCPK:UTGP.F
-2.4%
US REITs
-1.6%
US Market
1 Year Returns
-
OTCPK:UTGP.F
-2.4%
US REITs
-1.5%
US Market
UTGP.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Unite Group (UTGP.F) 0% 0% - - - -
US REITs -2.4% -0% -2.2% -2.4% 8.4% 30%
US Market -1.6% -2.8% -10.2% -1.5% 28.3% 38.9%
1 Year Return vs Industry and Market
  • No trading data on UTGP.F.
  • No trading data on UTGP.F.
Price Volatility
UTGP.F
Industry
5yr Volatility vs Market

Value

 Is Unite Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Unite Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Unite Group.

OTCPK:UTGP.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:UTGP.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.478 (1 + (1- 19%) (21.03%))
0.56
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.8 * 7.05%)
8.59%

Discounted Cash Flow Calculation for OTCPK:UTGP.F using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Unite Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

Unite Group is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

OTCPK:UTGP.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Adjusted Funds From Operations (AFFO) (GBP, Millions) 88.95 101.60 112.30 134.40 135.15
Source Analyst x2 Analyst x2 Analyst x1 Analyst x1 Est @ 0.56%
Present Value
Discounted (@ 8.59%)
81.91 86.16 87.70 96.66 89.51
Present value of next 5 years cash flows £441.94
OTCPK:UTGP.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= £135.15 × (1 + 2.95%) ÷ (8.59% – 2.95%)
£2,466.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= £2,466.96 ÷ (1 + 8.59%)5
£1,633.85
OTCPK:UTGP.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= £441.94 + £1,633.85
£2,075.80
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £2,075.80 / 263.48
£12.15
OTCPK:UTGP.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:UTGP.F represents 1.40245x of LSE:UTG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.40245x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 8.66 x 1.40245
$12.15
Value per share (USD) From above. $12.15
Current discount Discount to share price of $11.50
= -1 x ($11.50 - $12.15) / $12.15
5.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Unite Group is available for.
Intrinsic value
5%
Share price is $11.5 vs Future cash flow value of $12.15
Current Discount Checks
For Unite Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Unite Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Unite Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Unite Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Unite Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:UTGP.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in GBP £1.12
LSE:UTG Share Price ** LSE (2018-09-17) in GBP £8.2
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 30.04x
United States of America Market PE Ratio Median Figure of 3,017 Publicly-Listed Companies 17.04x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Unite Group.

OTCPK:UTGP.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:UTG Share Price ÷ EPS (both in GBP)

= 8.2 ÷ 1.12

7.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unite Group is good value based on earnings compared to the US REITs industry average.
  • Unite Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Unite Group's expected growth come at a high price?
Raw Data
OTCPK:UTGP.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-4.4%per year
United States of America REITs Industry PEG Ratio Median Figure of 143 Publicly-Listed REITs Companies 1.01x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

OTCPK:UTGP.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.35x ÷ -4.4%

-1.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unite Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Unite Group's assets?
Raw Data
OTCPK:UTGP.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in GBP £7.79
LSE:UTG Share Price * LSE (2018-09-17) in GBP £8.2
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.68x
United States of America Market PB Ratio Median Figure of 5,074 Publicly-Listed Companies 1.72x
OTCPK:UTGP.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:UTG Share Price ÷ Book Value per Share (both in GBP)

= 8.2 ÷ 7.79

1.05x

* Primary Listing of Unite Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unite Group is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Unite Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Unite Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Unite Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Unite Group expected to grow at an attractive rate?
  • Unite Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3%.
Growth vs Market Checks
  • Unite Group's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unite Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:UTGP.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:UTGP.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -4.4%
OTCPK:UTGP.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 8.8%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 0.4%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:UTGP.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:UTGP.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 216 243 1
2021-12-31 196 242 1
2020-12-31 177 111 256 4
2019-12-31 159 99 261 4
2018-12-31 143 84 289 4
OTCPK:UTGP.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-06-30 164 68 277
2018-03-31 161 62 249
2017-12-31 157 56 222
2017-09-30 157 54 211
2017-06-30 158 51 200
2017-03-31 157 60 212
2016-12-31 157 68 224
2016-09-30 160 56 237
2016-06-30 164 45 250
2016-03-31 201 83 301
2015-12-31 238 121 352
2015-09-30 228 128 310

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unite Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unite Group's revenue is expected to grow by 8.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:UTGP.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Unite Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:UTGP.F Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.92 0.92 0.92 1.00
2021-12-31 0.92 0.92 0.92 1.00
2020-12-31 0.97 1.07 0.81 3.00
2019-12-31 0.98 1.08 0.85 3.00
2018-12-31 1.14 1.49 0.90 3.00
OTCPK:UTGP.F Past Financials Data
Date (Data in GBP Millions) EPS *
2018-06-30 1.12
2018-03-31 1.04
2017-12-31 0.95
2017-09-30 0.93
2017-06-30 0.90
2017-03-31 0.95
2016-12-31 1.01
2016-09-30 1.07
2016-06-30 1.13
2016-03-31 1.38
2015-12-31 1.64
2015-09-30 1.48

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unite Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Unite Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Unite Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Unite Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Unite Group's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Unite Group's year on year earnings growth rate has been positive over the past 5 years.
  • Unite Group's 1-year earnings growth exceeds its 5-year average (38.8% vs 17.6%)
  • Unite Group's earnings growth has exceeded the US REITs industry average in the past year (38.8% vs 14%).
Earnings and Revenue History
Unite Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Unite Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:UTGP.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 164.10 277.10 25.10
2018-03-31 160.50 249.35 26.00
2017-12-31 156.90 221.60 26.90
2017-09-30 157.30 210.65 26.00
2017-06-30 157.70 199.70 25.10
2017-03-31 157.20 211.85 25.05
2016-12-31 156.70 224.00 25.00
2016-09-30 160.35 237.15 25.85
2016-06-30 164.00 250.30 26.70
2016-03-31 200.80 301.10 27.60
2015-12-31 237.60 351.90 28.50
2015-09-30 228.35 309.60 28.40
2015-06-30 219.10 267.30 28.30
2015-03-31 174.50 184.95 27.10
2014-12-31 129.90 102.60 25.90
2014-09-30 122.45 93.40 26.20
2014-06-30 115.00 84.20 26.50
2014-03-31 106.15 81.10 24.95
2013-12-31 97.30 78.00 23.40
2013-09-30 155.10 104.25 24.10
2013-06-30 212.90 130.50 24.80
2013-03-31 228.90 128.05 26.40
2012-12-31 244.90 125.60 28.00
2012-09-30 194.75 72.45 32.45
2012-06-30 144.60 19.30 36.90
2012-03-31 131.05 10.70 38.00
2011-12-31 117.50 2.10 39.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Unite Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Unite Group used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Unite Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Unite Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Unite Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Unite Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Unite Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unite Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Unite Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Unite Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Unite Group Company Filings, last reported 5 months ago.

OTCPK:UTGP.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 2,021.10 461.30 49.30
2018-03-31 2,021.10 461.30 49.30
2017-12-31 1,754.20 513.60 51.20
2017-09-30 1,754.20 513.60 51.20
2017-06-30 1,622.70 470.60 35.30
2017-03-31 1,622.70 470.60 35.30
2016-12-31 1,475.50 486.40 42.70
2016-09-30 1,475.50 486.40 42.70
2016-06-30 1,367.80 562.10 31.00
2016-03-31 1,367.80 562.10 31.00
2015-12-31 1,297.70 477.40 27.00
2015-09-30 1,297.70 477.40 27.00
2015-06-30 1,165.30 478.40 105.60
2015-03-31 1,165.30 478.40 105.60
2014-12-31 862.30 492.10 41.40
2014-09-30 862.30 492.10 41.40
2014-06-30 807.90 491.60 18.50
2014-03-31 807.90 491.60 18.50
2013-12-31 672.00 518.80 43.20
2013-09-30 672.00 518.80 43.20
2013-06-30 619.10 495.10 55.30
2013-03-31 619.10 495.10 55.30
2012-12-31 533.70 551.60 75.40
2012-09-30 533.70 551.60 75.40
2012-06-30 436.80 552.80 21.10
2012-03-31 436.80 552.80 21.10
2011-12-31 404.70 489.70 16.80
  • Unite Group's level of debt (22.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (79.9% vs 22.8% today).
  • Debt is not well covered by operating cash flow (14.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.2x coverage).
X
Financial health checks
We assess Unite Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Unite Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Unite Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.77%
Current annual income from Unite Group dividends. Estimated to be 4.15% next year.
If you bought $2,000 of Unite Group shares you are expected to receive $55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unite Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Unite Group's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:UTGP.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 4.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1982 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:UTGP.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.51 1.00
2021-12-31 0.44 1.00
2020-12-31 0.37 8.00
2019-12-31 0.33 8.00
2018-12-31 0.29 8.00
OTCPK:UTGP.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-04-19 0.227 2.654
2017-04-21 0.180 2.532
2016-04-12 0.150 2.458
2016-02-23 0.150 2.369
2015-02-23 0.112 1.806
2014-04-11 0.048 1.104
2014-03-06 0.048 1.114
2013-03-06 0.040 1.062
2012-04-17 0.018 0.736
2012-03-01 0.018 0.887
2011-08-24 0.010 0.576
2010-08-26 0.000 0.000
2010-03-03 0.000 0.000
2009-08-25 0.000 0.000
2009-03-09 0.000 0.000
2009-03-02 0.000 0.000
2008-12-16 0.025 3.075

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Unite Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Unite Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Unite Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Unite Group has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Unite Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Richard Smith
COMPENSATION £1,415,788
AGE 44
TENURE AS CEO 2.5 years
CEO Bio

Mr. Richard S. Smith has been the Chief Executive Officer of The Unite Group plc since June 2016 and has been its Executive Director since January 1, 2012. Mr. Smith served as the Managing Director of Operations at The Unite Group plc since September 2011 and was responsible for providing to our customers and managing the maintenance and facilities management across the Group's portfolio. He served as Deputy Chief Financial Officer at The Unite Group plc since 2010. Prior to that, he spent 18 years in the transport industry, working in the UK, Europe, Australia and North America. He spent 13 years at National Express Group, where he held a range of senior finance, strategy and operations roles, including Group Development Director and Chief Financial Officer, North America.

CEO Compensation
  • Richard's compensation has been consistent with company performance over the past year.
  • Richard's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Unite Group management team in years:

5.6
Average Tenure
  • The average tenure for the Unite Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Richard Smith

TITLE
CEO & Director
COMPENSATION
£1M
AGE
44
TENURE
2.5 yrs

Joe Lister

TITLE
CFO, MD of People & Communications and Director
COMPENSATION
£1M
AGE
47
TENURE
10.9 yrs

Caroline Hall

TITLE
PA to CFO & Corporate Development Director

Chris Szpojnarowicz

TITLE
Head of Legal & Company Secretary
TENURE
5.6 yrs

Candice Macdonald

TITLE
Head of Corporate Communications

Mark Creedy

TITLE
Managing Director of Fund Management
Board of Directors Tenure

Average tenure and age of the Unite Group board of directors in years:

6.4
Average Tenure
52.5
Average Age
  • The tenure for the Unite Group board of directors is about average.
Board of Directors

Phil White

TITLE
Chairman of the Board
COMPENSATION
£185K
AGE
69
TENURE
9.6 yrs

Richard Smith

TITLE
CEO & Director
COMPENSATION
£1M
AGE
44
TENURE
6.9 yrs

Joe Lister

TITLE
CFO, MD of People & Communications and Director
COMPENSATION
£1M
AGE
47
TENURE
10.9 yrs

Liz McMeikan

TITLE
Senior Independent Director
COMPENSATION
£55K
AGE
56
TENURE
0.8 yrs

Ross Paterson

TITLE
Non-Executive Director
COMPENSATION
£13K
AGE
47
TENURE
1.3 yrs

Tim Wilson

TITLE
Director
COMPENSATION
£53K
AGE
69
TENURE
8 yrs

Andrew Jones

TITLE
Director
COMPENSATION
£46K
AGE
49
TENURE
5.8 yrs

Ilaria Del Beato

TITLE
Non-Executive Director

Richard Akers

TITLE
Non-Executive Director
AGE
57
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Sep 18 Sell Richard Smith Individual 13. Sep 18 13. Sep 18 -35,000 $11.94 $-418,043
14. Sep 18 Sell Joseph Lister Individual 13. Sep 18 13. Sep 18 -70,000 $11.94 $-836,085
23. Feb 18 Buy Ross Paterson Individual 23. Feb 18 23. Feb 18 1,307 $10.69 $13,978
23. Feb 18 Buy Joseph Lister Individual 23. Feb 18 23. Feb 18 1,961 $10.69 $20,972
23. Feb 18 Buy Richard Simpson Individual 23. Feb 18 23. Feb 18 1,961 $10.69 $20,972
23. Feb 18 Buy Richard Smith Individual 23. Feb 18 23. Feb 18 3,268 $10.69 $34,949
23. Feb 18 Buy Elizabeth McMeikan Individual 23. Feb 18 23. Feb 18 1,307 $10.69 $13,978
23. Feb 18 Buy Andrew Jones Individual 23. Feb 18 23. Feb 18 5,229 $10.69 $55,921
23. Feb 18 Buy Philip White Individual 23. Feb 18 23. Feb 18 2,614 $10.69 $27,955
X
Management checks
We assess Unite Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Unite Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Company Info

Map
Description

Unite Students is the UK's largest manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. We currently provide homes for almost 50,000 students in more than 140 properties across 24 leading university towns and cities in England and Scotland. Unite also has a strong development pipeline, which will deliver a further 8,000 beds in the next three years. Our 1,450 people are driven by a common purpose: to provide the students who live with us a 'Home for Success' and to be the most trusted brand in the sector. We do this through great service, great people and great properties, all designed on the basis of an unrivalled insight into students' needs and preferences. Unite's accommodation is high quality, safe and secure, and located close to university campuses, transport links and local amenities. Students live predominantly in en-suite study bedrooms with rents covering all bills, insurance, 24-hour security, fortnightly cleaning services and high-speed Wi-Fi. MyUnite, our mobile app, provides practical support such as instant messaging and maintenance requests. 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. Alongside delivering great service, 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 though partnerships with mid and high tariff universities which are experiencing record levels of student demand. We currently partner with 60 higher education institutions, guaranteeing that approximately 60% of our rooms are let under multi-year, 'nomination agreements' providing high visibility of forward occupancy and rental growth. Unite is invested in and operates two specialist funds and joint ventures with institutional investment partners: the £2 billion Unite UK Student Accommodation Fund (USAF), and the £1 billion London Student Accommodation Vehicle (LSAV). 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 annual scholarships. The Foundation has so far provided scholarships for 250 young people working in close collaboration with 28 universities. 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.

Details
Name: The Unite Group plc
UTGP.F
Exchange: OTCPK
Founded: 1991
£2,755,500,442
263,475,491
Website: http://www.unite-group.co.uk
Address: The Unite Group plc
South Quay House,
Temple Back,
Bristol,
BS1 6FL,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE UTG Ordinary Shares London Stock Exchange GB GBP 01. Jun 1999
OTCPK UTGP.F Ordinary Shares Pink Sheets LLC US USD 01. Jun 1999
DB U1B Ordinary Shares Deutsche Boerse AG DE EUR 01. Jun 1999
BATS-CHIXE UTGL Ordinary Shares BATS 'Chi-X Europe' GB GBP 01. Jun 1999
Number of employees
Current staff
Staff numbers
1,378
Unite Group employees.
Industry
Residential REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/15 01:03
End of day share price update: 2018/09/17 00:00
Last estimates confirmation: 2018/12/10
Last earnings filing: 2018/07/24
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.