Mixed. The company shows material operational and sales challenges—most notably weaker nominations, later booking patterns, Empiric's near-term underperformance and cost/valuation pressures—but has clear, credible mitigations in motion: meaningful cost savings, technology-driven efficiencies, active disposals and capital recycling, joint‑venture pipeline and a focused repositioning toward higher‑tariff universities. Near‑term earnings and leasing risks remain, but strategic actions could restore growth over the medium term.

Company Guidance

Management now guides to the lower end of its occupancy range (93%–96%) after being 68% sold for the next academic year (vs 71% last year, ~3ppt behind) with nominations down ~4% y/y and nominations ~55–56% of sales; rental growth is expected at 2%–3% (RevPAR YTD 2.4%) and like‑for‑like income growth of 0%–2%. Adjusted EPS guidance is 41.5p–43p for 2026 (includes Empiric for 11 months), with Empiric’s shortfall trimming EPS by c.1.0–1.5p (2025 EPS was 47.5p); NTA per share is 955p. Cost and balance‑sheet actions include GBP 30m of identified annual efficiencies, an increased Empiric synergy target of GBP 17m (GBP 9m to be realised in 2026, full run‑rate 2027), GBP 7m tech savings (GBP 2m in 2026), a 20% central staff cost reduction, net debt/EBITDA targeted at 6x–7x, LTV ~30%–35% and cost of debt forecast to rise ~40bps to 4.3% in 2026. Capital allocation guidance: target GBP 300m–400m disposals in 2026 (c.£100m identified in Empiric), a GBP 100m share buyback underway, expected surplus capital of ~GBP 100m–200m p.a., committed development cost to complete ~GBP 100m and an expected +GBP 27m NOI from deliveries by end‑2027; dividend will be held flat in 2026 (payout ratio just under 90% before normalising toward ~80%).

Like-for-Like Income and Earnings Growth

Like-for-like income grew 4.9% in 2025 and adjusted earnings increased by 9% year-on-year, with adjusted EPS up 2% to 47.5p (reflecting share count changes).

Record Student and Partner Engagement

Student NPS and higher engagement NPS reached record highs and the business was rated gold by GSLI, reinforcing strong university and student relationships.

Progress on Cost Savings and Synergies

Central staff costs reduced by ~20%; identified GBP 30m of annual cost efficiencies across Unite and Empiric; technology transformation expected to unlock GBP 7m annual savings (GBP 2m realized in 2026) and Empiric synergies target raised from GBP 13.7m to GBP 17m (GBP 9m expected in 2026).

Portfolio Repositioning and High-Tariff Alignment

High-tariff alignment increased to 67% with a medium-term target of 80%; active disposals and joint-venture pipeline to further tilt the portfolio toward high-tariff universities.

Joint Ventures and Development Progress

Two university joint ventures (Newcastle and Manchester) are on site, targeting 4,300 new on-campus beds and attracting third‑party debt at favorable terms (Rothesay, PIMCO).

Capital Recycling and Share Buyback

Announced disposal of St. Pancras Way to USAF (GBP 186m) and launched a GBP 100m share buyback program to return surplus capital; targeting GBP 300m–GBP 400m of disposals in 2026 to recycle capital.

Balance Sheet and Leverage in Target Range

Net debt/EBITDA remains within target range of 6x–7x post-Empiric acquisition and loan-to-value around 30%–35% on a built-out basis; liquidity for new debt remains strong.

Addressable Market Expansion via Empiric

Acquisition of Empiric expands access to higher-tariff and postgraduate-facing stock and increases the addressable market (opportunity to capture HMO share), with integration underway and pipeline for commercial improvements.

Unite Group plc (GB:UTG) Earnings, Revenues Date & History

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GB:UTG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 29, 2026	2026 (Q2)	- / -	0.295	―	―	―
Feb 24, 2026	2025 (Q4)	0.17 / 0.18	0.179	0.56% (<+0.01)	―	―
Jul 29, 2025	2025 (Q2)	0.29 / 0.29	0.287	2.79% (<+0.01)	―	―
Feb 25, 2025	2024 (Q4)	0.18 / 0.18	-0.029	717.24% (+0.21)	―	―
Jul 23, 2024	2024 (Q2)	- / 0.29	0.275	4.36% (+0.01)	―	―
Feb 27, 2024	2023 (Q4)	- / -0.03	0.06	-148.33% (-0.09)	―	―
Jul 24, 2023	2023 (Q2)	0.26 / 0.28	0.236	16.53% (+0.04)	―	―
Feb 28, 2023	2022 (Q4)	- / 0.06	0.532	-88.72% (-0.47)	―	―
Jul 27, 2022	2022 (Q2)	0.22 / 0.24	0.222	6.31% (+0.01)	―	―
Feb 23, 2022	2021 (Q4)	- / 0.53	-0.117	554.70% (+0.65)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:UTG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 24, 2026	578.00 p	495.40 p	-14.29%
Jul 29, 2025	771.85 p	750.74 p	-2.74%
Feb 25, 2025	816.57 p	814.19 p	-0.29%
Jul 23, 2024	878.15 p	870.15 p	-0.91%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Unite Group plc (GB:UTG) report earnings?

Unite Group plc (GB:UTG) is schdueled to report earning on Jul 29, 2026, Before Open (Confirmed).

What is Unite Group plc (GB:UTG) earnings time?

Unite Group plc (GB:UTG) earnings time is at Jul 29, 2026, Before Open (Confirmed).

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What companies are reporting earnings today?

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What is the P/E ratio of Unite Group plc stock?

The P/E ratio of Unite Group plc is N/A.

What is GB:UTG EPS forecast?

Currently, no data Available