UK's Unite Group slides on downbeat annual forecast

Unite

24/02/2026 08:13

** Shares of student accommodation provider Unite Group UTG.L down 6.4% at 541p, top loser on FTSE Midcaps Index .FTMC

** Co expects to deliver 2026/27 academic year occupancy and rental growth towards the lower end of guidance ranges of 93-96% and 2-3% respectively

** Expects Adj EPS of 41.5-43.0 pence in 2026, down from 47.5 pence in 2025, reflecting impact of lower Empiric Student Property income and occupancy

** "We believe the weaker operational market will make it tough for the group to bounceback to trend growth," Barclays analysts say

** Stock has gained ~3% year-to-date

 (Reporting by Neeshita Beura in Bengaluru)

 ((Neeshita.Beura@thomsonreuters.com))