Added to YB: 2026-03-12
Pitch date: 2026-03-10
UTG.L [bullish]
Unite Group PLC
-4.03%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Unite Group PLC is the UK's largest owner, manager and developer. It is purpose-built student accommodation (PBSA) serving the country's world-leading higher education sector.
Market Cap
GBP 2.6B
Pitch Price
GBP 4.86
Price Target
1.0K (+21186%)
Dividend
7.80%
EV/EBITDA
17.24
P/E
24.28
EV/Sales
10.00
Sector
Residential REITs
Category
value
Yield to Unite, You Knight
UTG.L: Trading at 50% discount to £10.23 NAV despite strong fundamentals. 5.2% NOI yield (decade high), forecast 8-8.5% rental EPS yield on operating profit of 41.5-43p/share (+13% growth). Empiric acquisition adds £24M synergies, reduces churn. £100M buyback (2% NAV boost), 7% development yield vs 4.3% debt cost. Supply crunch: HMOs exiting, new PBSA uneconomic in 80% of cities. Domestic demand +8% at high-tariff unis (targeting 80% mix vs 67% today). Risks: 3 problem cities being exited, occupancy 93-96% vs 100% potential.
Read full article (5 min)