Read the interactive 2020 Annual Report

Download the PDF of the 2020 Annual Report

View the Notice of AGM 2021

 

Phil White, Chairman of the Board, commented:

“The pandemic has brought out the best in our business, showing the resilience of our operating platform. I am proud of the hard work and dedication shown by our teams in supporting students throughout this period. On behalf of the Board, I would like to thank our colleagues for their steadfast commitment.”

 

Highlights

  • Reinstatement of dividends with 12.75p final dividend payment in May
  • Successfully completed integration of 24,000-bed Liberty Living acquisition
  • Anticipate strong student demand for 2021/22
  • Launch of new Sustainability Strategy, aligned to our value of ‘doing what’s right’

 

highlights for ARA 2020

1  The financial statements are prepared in accordance with International Financial Reporting Standards (IFRS). The Group uses alternative performance measures (APMs), which are not defined or specified under IFRS. These APMs, which are not considered to be a substitute for IFRS measures, provide additional helpful information and are based on the European Public Real Estate Association (EPRA) best practice recommendations. A full glossary of definitions is available on pages 225 and 226.

 

Contents:

Full 2020 Annual Report

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OVERVIEW

 

Financial Highlights – p1

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A Home for Success during Covid-19 – p2

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At a glance – p4

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Why invest in Unite Group – p6

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Chairman’s statement – p8

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STRATEGIC REPORT

 

Chief Executive’s review – p10

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Operations review – p17

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Property review – p22

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Market review – p27

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Our business model – p32

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Our strategic priorities – p34

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Directors’ duties and Section 172 Statement – p36

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Stakeholder engagement – p38

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Key performance indicators – p40

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Financial review – p42

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Sustainability report – p46

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Risk management – p64

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Principal risks and uncertainties - p68

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CORPORATE GOVERNANCE

 

Chairman’s introduction to Governance – p82

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Board of Directors – p84

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Board statements – p88

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Board leadership and purpose – p90

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Division of responsibilities – p96

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Board activities – p100

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Nomination Committee – p105

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Audit Committee – p109

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Health & Safety Committee – p115

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Remuneration Committee – p120

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Directors’ Remuneration report – p124

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Annual Report on Remuneration – p136

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Directors’ Report – p149

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Statement of Directors’ Responsibilities – p152

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FINANCIAL STATEMENTS

 

Independent auditor’s report – p154

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Consolidated income strategy – p166

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Consolidated statement of comprehensive income – p166

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Consolidated balance sheet – p167

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Company balance sheet – p168

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Consolidated statement of changes in shareholders’ equity – p169

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Company statement of changes in shareholders’ equity – p170

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Statements of cash flows – p171

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Notes to the financial statements – p172

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OTHER INFORMATION

 

Financial record – p224

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Glossary – p225

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Company information – p227

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Referenced policy documents and other reading:

POLICIES

 

Group Health and Safety Policy

 

E,D&I Policy

 

Trans & Gender Identity Policy

 

Anti Bribery Policy

 

Environment Policy

 

Data Privacy Policy

 

Volunteering Policy

 

Charity Policy

 

CASE STUDIES, BLOGS & STATEMENTS

 

Statement on carbon reduction

 

Renewable Energy Focus

 

Baltic Wharf, London, case study

 

Positive Impact blog

 

How we do what’s right for students blog

 

How we helped our people during Covid blog

 

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