Unite Group Plc · LSE:UTG
Unite — Q3 2026 Earnings Presentation
13 slides from Unite's earnings presentation, Oct 8, 2026
Slide 1: Q3 Trading update
Q3 Trading update Joe Lister, Chief Executive Mike Burt, Chief Financial Officer 8 October 2026
Slide 2: The home for students at the UK's strongest universities
Q3 TRADING UPDATE The home for students at the UK’s strongest universities Strongest Strong leasing Best-in-class Accelerating Disciplined universities performance platform alignment to the capital continue strongest allocation to excel universities 6% growth in Unite Students Outperforming Agreed £
Slide 3: UK's strongest universities continue to excel
Q3 TRADING UPDATE UK’s strongest universities continue to excel 2.3 applicants per place at strongest universities • Continuing demand for the strongest universities Accepted applicants by tariff group (YoY change)¹ • 6% growth in acceptances at High Tariff for 2026/27 8% 6% • Students choosing univ
Slide 4: Our operating platform drives superior performance
Q3 TRADING UPDATE Our operating platform drives superior performance PBSA performs better with Unite Brand & Reputation Scale of operations • Delivering higher occupancy for a lower cost • Increasing focus on strongest universities • Broadest sales channels – 33,000 direct-let reservations • Best-in
Slide 5: Delivering on our commercial strategy
Q3 TRADING UPDATE Delivering on our commercial strategy Sold 5,000 additional direct-let beds to Increase re-bookers and returners returners Deliver stabilised income for new 2025 and 2026 developments fully let openings Maximise income in under occupied Double digit income growth in Nottingham, cit
Slide 6: Strong cities continuing to deliver
Q3 TRADING UPDATE Strong cities continuing to deliver Limited income from lower occupancy markets • Future portfolio performing strongly • 2025 and 2026 openings fully let • Lower occupancy in supply impacted cities • Shorter tenancy lengths driving 0.3% RevPOR1 reduction • Targeted price reductions
Slide 7: Future portfolio delivering superior operating performance
Q3 TRADING UPDATE Future portfolio delivering superior operating performance 55-60k bed portfolio, equivalent to 85% of portfolio value • Continued outperformance by 55-60k bed Future portfolio • Expect Future portfolio to deliver high occupancy and sustainable rental growth • Opportunity to further
Slide 8: Platform driving value from Hello Student
Q3 TRADING UPDATE Platform driving value from Hello Student Occupancy improvement since acquisition • 92% occupancy for 2026/27, ahead of expectations On completion October 2026 • 5% LfL income growth 100% • Potential for further sales to January starters New Intl. sales 80% team • Further enhanceme
Slide 9: Strongest universities committing to long-term nominations
Q3 TRADING UPDATE Strongest universities committing to long-term nominations Income visibility through index-linked nomination agreements • Agreement for 4,300 multi-year beds (7% of beds) from 2027/28 at 10% increase to passing rent • 2027/28 renewal discussions underway with universities • Success
Slide 10: Maintaining a strong balance sheet
Q3 TRADING UPDATE Maintaining a strong balance sheet Q3 valuation change • Valuations adjusting to higher return environment (Like-for-like, Unite share) • 3.7% like-for-like revaluation reduction in Q3 • 10bps increase in property yields • Rental impact from disposal properties at lower occupancy 1
Slide 11: Accelerating our repositioning
Q3 TRADING UPDATE Accelerating our repositioning Significant activity across a range of active disposal processes Completed In progress Future disposals • Additional sales in London and • £225m under offer, including • Making progress to realise value Sheffield since July 7,000 lower-growth beds fro
Slide 12: The home for students at the UK's strongest universities
Q3 TRADING UPDATE The home for students at the UK’s strongest universities Strongest Strong leasing Best-in-class Accelerating Disciplined universities performance platform alignment to the capital continue strongest allocation to excel universities Growing Future portfolio Flexible platform On trac
Slide 13: Q&A
Q&A