The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUnite Share News (UTG)

Share Price Information for Unite (UTG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 931.00
Bid: 934.50
Ask: 935.50
Change: 8.50 (0.92%)
Spread: 1.00 (0.107%)
Open: 928.50
High: 945.00
Low: 921.00
Prev. Close: 922.50
UTG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Unite portfolio rises, predicts return to full occupancy

Thu, 08th Jul 2021 11:25

Unite Group PLC - Bristol-based student accommodation developer - USAF property portfolio on June 30 valued at GBP2.80 billion, a 1.4% increase on a like-for-like basis during the quarter. Its LSAV portfolio on the same date had a value of GBP1.70 billion, up 1.9% on a like-for-like basis. Also predicts a return to full occupancy in the coming academic year.

Unite says the valuation increase in the second quarter reflects its positive sales performance and the expectation of a return to full occupancy. The USAF and LSAV portfolios are valued at weighted average yields of 5.3% and 4.3% respectively, Unite adds.

"The sustained momentum in our sales reflects the strength of student demand for the [2021 to 2022] academic year and greater visibility over an enhanced campus experience this autumn," comments Chief Financial Officer Joe Lister.

"There remains some uncertainty over travel restrictions for international students and, assuming these are eased in time for the start of the academic year, we anticipate a return to full occupancy and 2% to 3% rental growth in [2021 to 2022]."

Across Unite's property portfolio, 83% of rooms are now reserved for the [2021 to 2022] academic year, overtaking the prior year but behind pre-pandemic levels in [2019 to 2020] of 89%.

Current stock price: 1,115.50 pence

Year-to-date change: up 6.8%

By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
8 Oct 2021 12:48

LIVE MARKETS-Inflation: bring on the Q3 earnings season!

* European Stoxx index down 0.2%* Tech stocks under pressure as yields jump* Brent crude at $82.5 a barrel* All eyes on U.S. job data* Wall Street futures slightly higherOct 8 - Welcome to the home for real-time coverage of markets brought to you by...

Read more
8 Oct 2021 12:23

LONDON MARKET MIDDAY: Stocks lose momentum as US jobs report nears

LONDON MARKET MIDDAY: Stocks lose momentum as US jobs report nears

Read more
8 Oct 2021 12:14

LIVE MARKETS-What's better: selling Treasuries or buying dollars?

* European Stoxx index down 0.2%* Tech stocks under pressure as yields jump* Brent crude at $82.5 a barrel* All eyes on U.S. job data* Wall Street futures slightly higherOct 8 - Welcome to the home for real-time coverage of markets brought to you by...

Read more
8 Oct 2021 10:44

LIVE MARKETS-Higher energy prices are here to stay

* European Stoxx index down 0.4%* Tech stocks under pressure as yields jump* Brent crude up over $83 a barrel* All eyes on U.S. job data* Wall Street futures mixedOct 8 - Welcome to the home for real-time coverage of markets brought to you by Reuter...

Read more
8 Oct 2021 10:05

LIVE MARKETS-Eurowag: from traffic jam to traffic incident?

* European Stoxx index down 0.3%* Tech stocks under pressure as yields jump* Brent crude up over $83 a barrel* All eyes on U.S. job data* Wall Street futures mixedOct 8 - Welcome to the home for real-time coverage of markets brought to you by Reuter...

Read more
8 Oct 2021 08:57

LIVE MARKETS-Autos and oil stocks up, tech down

* European Stoxx index down 0.3%Oct 8 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comAUTOS AND OIL STOCKS UP, TECH DOWN (0748 GM...

Read more
8 Oct 2021 08:38

LONDON MARKET OPEN: Cautious gains ahead of key US nonfarms figure

LONDON MARKET OPEN: Cautious gains ahead of key US nonfarms figure

Read more
8 Oct 2021 08:17

TOP NEWS: Unite Group sees 2021 earnings at lower end of guidance

TOP NEWS: Unite Group sees 2021 earnings at lower end of guidance

Read more
8 Oct 2021 08:01

Unite Students lettings running 'slightly below' expectations

(Sharecast News) - Student accommodation specialist Unite Students updated the market on Friday, reporting that in the final stages of the lettings cycle for the 2021-2022 academic year, 94% of bed spaces were now let across its total portfolio, up from 88% last year and compared to 98% two years ago, pre-pandemic.

Read more
9 Sep 2021 16:00

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
9 Sep 2021 10:43

IN BRIEF: Unite inks GBP450 million green revolving credit facility

IN BRIEF: Unite inks GBP450 million green revolving credit facility

Read more
9 Sep 2021 08:01

Unite agrees £450m RCF linked to sustainable goals

(Sharecast News) - UK student accommodation owner Unite said it had agreed a £450m sustainability-linked unsecured revolving credit facility (RCF) from HSBC, NatWest and Royal Bank of Canada.

Read more
9 Sep 2021 08:01

Unite agrees £450m RCF linked to sustainable goals

(Sharecast News) - UK student accommodation owner Unite said it had agreed a £450m sustainability-linked unsecured revolving credit facility (RCF) from HSBC, NatWest and Royal Bank of Canada.

Read more
1 Sep 2021 09:36

LONDON BROKER RATINGS: Morgan Stanley raises LandSec and British Land

LONDON BROKER RATINGS: Morgan Stanley raises LandSec and British Land

Read more
20 Aug 2021 16:12

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.