UNITE Group PLC (STU:U1B)
€ 10.5 0 (0%) Market Cap: 5.19 Bil Enterprise Value: 6.46 Bil PE Ratio: 14.45 PB Ratio: 0.91 GF Score: 79/100
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Half Year 2023 Unite Group PLC Earnings Call Transcript

Jul 25, 2023 / 07:30AM GMT
Release Date Price: €11 (+1.85%)
Richard S. Smith
Unite Group PLC - CEO & Director

Good morning and welcome, everybody, to our Results Presentation. Thank you to everyone here in the auditorium at Numis' offices and also everyone joining via the webcast. We're delighted to be presenting this morning a really strong set of results. And as you've all seen last night the announcement of our placing and this morning the announcement of a successful completion of the placing alongside the results. So Joe will talk us through the placing in a little bit more detail shortly, particularly focusing on the use of proceeds and the financial impacts. So just turning to the first half results. The headline financial performance for the first half of 2022 (sic) [2023] is particularly strong. Earnings up 15% to 27.5p, strong dividend growth up 7% to 11.8p and NTA at 928p is stable. We've also seen record demand for the '23-'24 academic cycle and are therefore confident in full occupancy for the academic year. We've upgraded our rental growth guidance alongside the results to around 7%.

Also with these results, we've upgraded our earnings

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