922.00 p (-10.50) 
Why invest in Unite?
Full year results
Our 2023 Financial Results
We’ve delivered another strong set of results, driven by full occupancy, rental growth and substantial investment into our platform and portfolio.
Our pipeline of developments, asset management projects and our new university partnership with Newcastle University presents a substantial growth opportunity for us.
We’re trusted by students, parents and universities to deliver high-quality, safe and affordable accommodation where it is needed the most.
80%
Strong reservations for 2024/25
£8m
Energy initiative investments in 2023
£1.3bn
Record development pipeline in the strongest markets
37,000+
Beds provided under nomination agreements for 2023/ 2024
OUR STRATEGY
Our strategic objectives
DELIVERING FOR OUR CUSTOMERS AND UNIVERSITIES
- Delivering a best-in-class student experience
- Investment to enhance our physical estate
- Front-line service excellence training
- Investment in our digital capabilities and technology platform
- Segmentation of our product and service
- Maintaining our proactive response to cladding risk
ATTRACTIVE RETURNS FOR SHAREHOLDERS
- Dividend payout of 80% of adjusted EPS
- Recovery in earnings and return to normalised growth of 6–8% p.a.
- Return to pre-Covid-19 adjusted EBIT margins
- Increasing our alignment to the strongest universities
- Sourcing new growth opportunities through development and University partnerships
- Disciplined capital management with new capital to pursue growth opportunities
A RESPONSIBLE AND RESILIENT BUSINESS
- Becoming net zero carbon by 2030
- Creating resource efficient assets and operations
- Enhancing the health and wellbeing of our employees and students
- Providing opportunities for all through investment in the Unite Foundation and the Leapskills programme.
- Raising standards for the student housing sector
Six compelling reasons to invest in Unite Students
Structurally growing sector
- Demographic growth.
- Rising HE participation.
- Growing international demand.
High-quality portfolio
- Aligned to the strongest universities.
- Investing to enhance our operational estate.
Best-in-class operating platform
- Over 60 university relationships.
- Sector-leading operating margins.
High visibility over returns
- Targeting 4.5-5.0% rental growth for 2023/24 academic year
- 6,000 bed development pipeline
Substantial growth opportunities
- Market share gains from HMO sector.
- £150-200m development spend p.a.
- New university partnerships.
Leadership in sustainability
- Net zero carbon by 2030.
- Helping students succeed.