UK's Unite Group falls to 5-1/2 year low as rental growth slows

Unite

08/10/2025 09:37

** Shares of British student accommodation developer Unite Group UTG.L fall 5.9% to 664.5 pence, lowest since March 2020

** Stock top percent loser on FTSE mid cap index .FTMC, which is down 0.2%

** Co posts softer rental growth of 4% at third-quarter end compared with 8.2% y/y

** Reiterates fiscal 2025 outlook for adjusted earnings per share of 47.5p to 48.25p

** "Unite’s results and updates continue to paint a picture of a tougher macro for purpose-built student accommodation," analysts at Panmure Liberum say

** Including session's losses, stock falls 17.7% YTD, while FTMC gains 6.5%

 (Reporting by DhanushVignesh Babu in Bengaluru)

 ((DhanushVignesh.Babu@thomsonreuters.com;))