Unite Group PLC
About the company
Unite Group PLC is the UK's largest owner, manager and developer of purpose-built student accommodation (PBSA) serving the country's world-leading higher education sector. Its property portfolio includes the Unite Students and Hello Student brands. Together, the Group provides homes for 72,000 students across 207 properties in 29 leading university towns and cities. The firm currently partners with over 60 universities across the UK. The people are driven by a shared purpose, (to provide a home for success for the students who live with us). The firm's accommodation is safe, secure, high quality and affordable, with students living predominantly in en-suite study bedrooms. Rents are all inclusive, covering bills, insurance, 24 hour security and high speed Wi Fi. Unite Group are committed to raising standards across the student accommodation sector for their customers, investors and employees. Their Sustainability Strategy includes a commitment to become net zero carbon across our operations and developments by 2030. Unite Group PLC was incorporated in 1991 in United Kingdom.
Price within modeled range
5-year outlook: Not shown because confidence is low: no second model to compare.
Why: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.
The range depends on model assumptions and data; it is not a prediction or investment advice.
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Market price within modeled range
Uses reported dividends of GBP 0.3137 per share from Fiscal year 2025, with 2.3% perpetual growth (base growth capped at the terminal rate) and 9% discount rates. The range varies growth and discount assumptions by 1 percentage point; it is illustrative, not a statistical confidence interval or investment advice.
Assumptions: growth 3.89%, discount rate 9%, terminal growth 2.30% (sector defaults). See a worked example.
Blended growth assumption: 3.9% (sector default 5.1%, own revenue history 5.7%, analyst revenue consensus 2.4%).
Analyst consensus expects revenue growth of 2.4% a year; the growth assumption used is 3.9%.
Adjust assumptions
Why this model: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.
Compare models- Recommended: Dividend discount model — GBP 4.79 (-2.8%)
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EPS-based Gordon proxy
— GBP 3.04 (-38.3%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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FCFF (steady state)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/EBITDA (12x)
— not applicable
Not used: Cannot be computed: EBITDA is missing, zero or negative.
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Fade DCF (10-year growth fade)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/Sales (Rule of 40)
— GBP 2.95 (-40.2%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear GBP 3.65 | -35.0% |
| Base GBP 4.79 | -2.9% |
| Bull GBP 6.89 | 28.5% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
At GBP 4.93 the market implies perpetual dividend growth of about this rate (discount rate 9.0%).
Compare: the market implies 2.5% a year, this model assumes 2.3%. The market expects more than this model does, which is why it reads as overvalued.
Sensitivity: base value per share
How the Dividend discount model value changes with growth (rows) and discount rate (columns). Green cells are above the current price. Dividend growth cannot exceed the long-run rate, so duplicate capped scenarios are omitted.
These are assumption-based scenarios, not a confidence interval. Scroll horizontally to see all discount rates.
| Growth \ Discount | 7.0% | 8.0% | 9.0% | 10.0% | 11.0% |
|---|---|---|---|---|---|
| -1.7% | 3.54 | 3.18 | 2.88 | 2.64 | 2.43 |
| 0.3% | 4.70 | 4.09 | 3.62 | 3.24 | 2.94 |
| 2.3% | 6.83 | 5.63 | 4.79 | 4.17 | 3.69 |
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
1 year price change: -4.15% · GBP 4.93 · Market data through 06 Nov 2026 ; dashed line is today’s model base value (GBP 4.79). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 06 Nov 2026; last refreshed 06 Nov 2026 18:14 (1 hour, 23 minutes ago).
06 Nov 2025Range GBP 4.14 – 5.4906 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 68 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 2 of 5 years | 8 / 20 |
| Growth | revenue +5.7% a year | 20 / 20 |
| Balance sheet | net debt 10.7x EBITDA | 0 / 20 |
| Margins | EBITDA margin 38% | 20 / 20 |
Peers in Real Estate
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| UTG.L (this company) | GBP 4.93 | -2.9% | 24.8 | 0.5 | 6.4% | 68 |
| HST Host Hotels & Resorts | USD 24.63 | 44.2% | 16.4 | 2.6 | 3.9% | 100 |
| VMRK Vivmark Residential | USD 65.25 | 34.2% | 24.8 | – | 4.2% | 80 |
| ARE Alexandria Real Estate Equities | USD 45.17 | 23.7% | – | 0.5 | 7.8% | 44 |
| VICI Vici Properties | USD 25.21 | 6.2% | 11.8 | 1.0 | 7.0% | 80 |
| DLN.L Derwent London Plc | GBP 19.44 | -4.2% | 13.5 | 0.6 | 4.2% | 60 |
| WDP.BR Warehouses De Pauw SA | EUR 19.40 | -5.9% | 12.0 | 0.9 | 6.2% | 80 |
| DOC Healthpeak Properties | USD 20.12 | -7.6% | 35.7 | 1.8 | 6.1% | 76 |
| LAND.L Land Securities Group Plc | GBP 6.78 | -14.4% | 14.8 | 0.8 | 5.7% | 68 |
| Peer median | 14.8 | 0.9 | ||||
Dividends
Paid in the last 12 months: GBP 0.00 per share · yield 0.08% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 0.004 |
| 2025 | 0.004 |
| 2024 | 0.004 |
| 2023 | 0.003 |
| 2022 | 0.003 |
| 2021 | 0.002 |
Annual financial statement
Saved annual report · Fiscal year 2025 · EODHD annual statements · period ended 31 Dec 2025
| Revenue | GBP 332,800,000 |
|---|---|
| EBITDA | GBP 127,500,000 |
| EBIT | GBP 120,600,000 |
| Net income | GBP 97,600,000 |
| Free cash flow | GBP -92,100,000 |
| Capital expenditures | GBP 246,700,000 |
| Debt | GBP 1,399,000,000 |
| Cash | GBP 35,800,000 |
| Working capital | GBP -68,400,000 |
| Shares outstanding | 490,016,000 |
| Reported dividends per share | GBP 0.3137 |