Added to YB: 2026-10-06
Pitch date: 2026-09-29
UTG.L [bullish]
Unite Group PLC
-7.48%
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 of purpose-built student accommodation (PBSA) serving the country's world-leading higher education sector.
Market Cap
GBP 2.4B
Pitch Price
GBP 4.73
Price Target
9.70 (+125%)
Dividend
8.18%
EV/EBITDA
20.21
P/E
-4.61
EV/Sales
10.66
Sector
Residential REITs
Category
value
UTG finds out later on in the show
UTG.L: Unite trades at ~455p, a 47% discount to 865p EPRA NTA, after the FY26 earnings reset to 41.5–43.0p. The thesis is that it can sell weaker assets near book, shrink from ~72,000 to 55,000 beds, capture £18m of Empiric synergies and improve leverage and portfolio quality; the base case supports ~776p by FY29 and a 24.5% annualized return. Disposal pricing and timing are the decisive risks.
Read full article (9 min)