Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Unite Group plc is a United Kingdom-based Real Estate Investment Trust (REIT) specializing in the ownership, management, and development of purpose-built student accommodation (PBSA). As the UK's largest provider in this sector, it serves the higher education market by offering high-quality, safe, and affordable housing to students, often through direct rentals and university partnerships. The company operates primarily in the United Kingdom, with its portfolio supporting universities across the country and achieving strong occupancy rates, such as 95.2% in recent periods, alongside rental growth. Founded in 1991 in Bristol, where it maintains its headquarters, Unite Group plc employs around 1,900 people and focuses on expanding through new developments, asset management projects, and strategic partnerships like its recent collaboration with Newcastle University. Listed on the London Stock Exchange and a FTSE member, it plays a key role in the residential REIT sector, addressing the growing demand for student housing amid expanding higher education enrollment. With leadership including CEO Joseph Lister and Chairman Richard Huntingford, the firm emphasizes positive impacts on students, communities, and the environment.
52.73% operating margin is above average. ROIC at 2.87%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 11.2%, still solid. Margins contracted 3.4pp, which offsets some of the top-line progress.
Negative free cash flow of -£89M. The business is consuming cash, not generating it. Operating margin contracted 3.4pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
£333M
▲ +11.2% YoY
Net Income (TTM)
£98M
▼ -77.9% YoY
Op. Margin
52.73%
▼ -3.4pp YoY
ROIC
2.87%
Cash Flow & Balance Sheet
FCF (TTM)
-£89M
▼ -50.3% YoY
Op. Cash Flow (TTM)
£121M
▼ -72.6% YoY
Net Debt
£1.30B
Cash & Equiv.
£35M
3Y CAGR: +8.7%
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