Unite Group plc (GB:UTG) has released an update.
Unite Group PLC, a leading UK student accommodation provider, reports a robust 8.2% rental growth and 97.5% occupancy for the 2024/25 academic year, driven by strong demand and limited new supply. The company reaffirms its adjusted earnings per share guidance towards the higher end of expectations for FY2024 and anticipates continued rental growth of 4-5% into the 2025/26 academic year. Unite Group is also progressing with its development pipeline, funded by a recent £450 million equity raise, to deliver thousands of new student beds over the coming years.
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