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Unite Group plc
(LSE:UTG)
Unite Group plc (UTG) vs. iShares MSCI United Kingdom ETF (EWC)
Unite Group plc Business Overview & Revenue Model
Unite Group plc Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 299.30M | 276.10M | 259.30M | 266.90M | 215.60M |
| Gross Profit | 212.90M | 199.30M | 181.20M | 194.70M | 153.00M |
| EBITDA | 482.00M | 146.80M | 235.60M | 182.10M | -55.90M |
| Net Income | 441.90M | 102.50M | 350.50M | 342.40M | -121.00M |
Balance Sheet | |||||
| Total Assets | 6.42B | 5.47B | 5.40B | 5.05B | 5.23B |
| Cash, Cash Equivalents and Short-Term Investments | 273.20M | 37.50M | 38.00M | 109.40M | 338.30M |
| Total Debt | 1.35B | 1.17B | 1.36B | 1.26B | 1.79B |
| Total Liabilities | 1.61B | 1.38B | 1.58B | 1.50B | 1.97B |
| Stockholders Equity | 4.81B | 4.07B | 3.79B | 3.53B | 3.23B |
Cash Flow | |||||
| Free Cash Flow | -59.10M | 15.20M | 145.60M | 156.90M | 26.00M |
| Operating Cash Flow | 216.40M | 153.20M | 155.30M | 160.50M | 29.40M |
| Investing Cash Flow | -428.00M | -109.40M | -236.70M | 207.80M | -159.40M |
| Financing Cash Flow | 448.40M | -44.30M | 10.00M | -597.20M | 381.40M |
Unite Group plc Technical Analysis
Unite Group plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £4.60B | 11.59 | 8.66% | 6.68% | 95.26% | ― | |
77 Outperform | £3.99B | 8.47 | 9.95% | 4.52% | 7.75% | 276.67% | |
73 Outperform | £375.20M | 9.34 | 9.14% | 7.42% | 7.81% | ― | |
63 Neutral | $6.99B | 18.83 | -1.16% | 6.86% | 4.65% | -25.28% | |
63 Neutral | £3.63B | 10.34 | 6.14% | 4.32% | -20.83% | ― | |
47 Neutral | £4.45B | 11.23 | 6.13% | 6.11% | -1.73% | ― | |
| $570.23M | 11.33 | 7.04% | 3.55% | ― | ― |
Unite Group plc Corporate Events
Unite Group plc has announced a change in the voting rights held by APG Asset Management N.V., a Netherlands-based asset management firm. The notification reveals that APG’s voting rights in Unite Group have decreased from 5.995052% to 4.807700% as of July 26, 2024. This change in shareholding may impact Unite Group’s shareholder dynamics and influence within the company, as APG is a significant investor. Additionally, Unite Group plans to implement a new internal system by July 4, 2025, to enhance the verification of such events, indicating a move towards improved operational transparency.
The most recent analyst rating on (GB:UTG) stock is a Buy with a £1070.00 price target. To see the full list of analyst forecasts on Unite Group plc stock, see the GB:UTG Stock Forecast page.
Unite Group plc has announced a director dealing involving Dame Shirley Pearce, a Non-Executive Director, who has reinvested her 2024 final dividend into ordinary shares of the company. This transaction, conducted on the London Stock Exchange, reflects the director’s continued confidence in the company’s performance and future prospects.
The most recent analyst rating on (GB:UTG) stock is a Buy with a £1070.00 price target. To see the full list of analyst forecasts on Unite Group plc stock, see the GB:UTG Stock Forecast page.
Unite Group plc has applied for an additional listing of 180,000 Ordinary shares on The London Stock Exchange, which will be admitted to The Official List. This block listing includes shares under both the company’s Savings Related Share Option Scheme and Performance Share Plan, indicating a strategic move to enhance its financial flexibility and reward its employees. The admission is expected to commence on 11 June 2025, potentially impacting the company’s market presence and stakeholder interests positively.
The most recent analyst rating on (GB:UTG) stock is a Hold with a £1100.00 price target. To see the full list of analyst forecasts on Unite Group plc stock, see the GB:UTG Stock Forecast page.
Unite Group plc has made a non-binding proposal to acquire Empiric Student Property plc, valuing each Empiric share at 107.0 pence. This potential acquisition, which includes a mix of cash and shares, represents a significant premium over Empiric’s recent share prices. The deal could enhance Unite’s scale and growth potential, aligning with top UK universities and potentially increasing earnings and shareholder returns. However, there is no certainty that a firm offer will be made, and further announcements are expected.
The most recent analyst rating on (GB:UTG) stock is a Buy with a £1070.00 price target. To see the full list of analyst forecasts on Unite Group plc stock, see the GB:UTG Stock Forecast page.
Unite Group plc has made a non-binding proposal to acquire Empiric Student Property plc, valuing Empiric’s shares at approximately £719 million. The offer includes a mix of cash and new Unite shares, representing a significant premium over Empiric’s recent share prices. This acquisition aims to expand Unite’s portfolio and strengthen its position in the student accommodation market, potentially enhancing earnings and shareholder returns through operational synergies.
The most recent analyst rating on (GB:UTG) stock is a Buy with a £1070.00 price target. To see the full list of analyst forecasts on Unite Group plc stock, see the GB:UTG Stock Forecast page.
Unite Students has announced the sale of nine properties, totaling 3,656 beds, for £212 million to Lone Star Funds, as part of its strategy to focus on high and mid-ranked universities and sustainable rental growth. The transaction, expected to complete in August 2025, will allow the company to reinvest in strong markets and satisfy redemption requests, while maintaining its earnings guidance for the year.
The most recent analyst rating on (GB:UTG) stock is a Buy with a £9.75 price target. To see the full list of analyst forecasts on Unite Group plc stock, see the GB:UTG Stock Forecast page.
Unite Group plc announced a director dealing involving Richard Huntingford, the Chair, who participated in a dividend reinvestment program for the 2024 final dividend. This transaction involved the acquisition of 328 ordinary shares at varying prices on the London Stock Exchange, reflecting the company’s ongoing commitment to shareholder value through dividend reinvestment initiatives.
The most recent analyst rating on (GB:UTG) stock is a Buy with a £1070.00 price target. To see the full list of analyst forecasts on Unite Group plc stock, see the GB:UTG Stock Forecast page.
Unite Group PLC has announced its total share capital and voting rights as of May 30, 2025, in compliance with the Disclosure and Transparency Rules. The company reports a total of 489,352,205 ordinary shares with voting rights, which will be used by shareholders to determine their notification requirements under the FCA’s rules.
The most recent analyst rating on (GB:UTG) stock is a Buy with a £1070.00 price target. To see the full list of analyst forecasts on Unite Group plc stock, see the GB:UTG Stock Forecast page.
Unite Group PLC announced the results of its 2024 final scrip dividend election, with elections received for 22,648,590 shares, representing approximately 4.63% of the company’s share capital. This will lead to the issuance of 544,183 new ordinary shares, which will be admitted to the Official List and traded on the London Stock Exchange’s Main Market. The total number of shares in issue will increase to 489,352,205, impacting shareholder calculations under the UK Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:UTG) stock is a Buy with a £1070.00 price target. To see the full list of analyst forecasts on Unite Group plc stock, see the GB:UTG Stock Forecast page.
Unite Group plc announced that all resolutions proposed at its 2025 Annual General Meeting were successfully passed, reflecting strong shareholder support. The resolutions included key decisions such as the approval of the annual report, re-election of board members, and the renewal of share schemes, indicating stable governance and strategic continuity for the company.
The most recent analyst rating on (GB:UTG) stock is a Buy with a £1070.00 price target. To see the full list of analyst forecasts on Unite Group plc stock, see the GB:UTG Stock Forecast page.
Unite Students has announced a joint venture with Manchester Metropolitan University to develop 2,300 new student beds at the Cambridge Halls site in Manchester. This strategic partnership, with a total development cost of approximately £390 million, will see Unite Students holding a 70% ownership stake and acting as developer, asset manager, and operator. The project aims to address the shortage of purpose-built student accommodation in Manchester, enhancing Unite’s operational platform in the city and supporting the university’s accommodation needs. The development is expected to commence in 2026, with completion targeted for 2029 and 2030, and will also provide additional community benefits such as new health, wellbeing, and retail offerings.
Unite Students has announced a joint venture with Manchester Metropolitan University to develop 2,300 new student beds at the Cambridge Halls site in Manchester. This strategic partnership, valued at approximately £390 million, will address the shortage of student accommodation in Manchester, a city with a high demand for purpose-built student housing. Unite will hold a 70% stake in the venture, acting as developer, asset manager, and operator. The project is expected to enhance Unite’s operational platform in Manchester, supporting the university’s accommodation needs and benefiting the surrounding community.
Unite Group PLC announced a 2024 final dividend of 24.9 pence, paid as a Property Income Distribution. The company is offering a Scrip Dividend Scheme to shareholders with a reference share price of 867.7 pence, calculated based on the average closing market price from 17 to 25 April 2025. The deadline for application is 8 May 2025.
Unite Group plc, a UK-based company, has announced a change in its voting rights structure following an acquisition by BlackRock, Inc., a major US-based investment management corporation. BlackRock’s voting rights in Unite Group plc have increased to 6.56%, up from a previous 6.55%, indicating a slight shift in control and influence within the company. This adjustment in voting rights could impact the company’s strategic decisions and stakeholder dynamics, reflecting BlackRock’s continued interest and investment in the company.
Unite Group PLC, a UK-based company, has announced a change in the voting rights held by BlackRock, Inc., a major shareholder. BlackRock’s voting rights in Unite Group have decreased from 7.43% to 6.55%, indicating a disposal of some of its shares. This adjustment in shareholding could impact Unite Group’s shareholder dynamics and influence future corporate decisions.
Unite Group plc has announced the grant of long-term incentive plan (LTIP) options to its Executive Directors, CEO Joe Lister and CFO Michael Burt. The options, based on a share price of 825.0p, are tied to performance metrics such as EPRA adjusted earnings per share and shareholder returns, with a two-year holding period before they can be exercised. This move reflects the company’s strategic priorities and adaptation to the macroeconomic environment, with implications for executive motivation and shareholder value.
Unite Students reports strong trading performance and property valuation growth for Q1 2025, driven by increasing student numbers and rental growth. The company is on track to achieve 4-5% rental growth and 97-98% occupancy for the 2025/26 academic year, with 75% of beds already sold. A new joint venture with Manchester Metropolitan University is in advanced stages, and several development projects are progressing, including a 934-bed development in Glasgow and a planning application for a Newcastle University joint venture. The property portfolios of USAF and LSAV saw valuation increases due to rental growth, reflecting a positive outlook for the student accommodation sector.