41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 239
STRATEGIC REPORT
GOVERNANCE
FINANCIAL STATEMENTS
237
OTHER INFORMATION
EPRA valuation movement (Unite share)
Valuation
£m
Change
£m
%
3,186.5
105.9
3.4
USAF
636.3
28.0
4.6
LSAV
960.4
50.8
5.6
Rental properties
4,783.2
184.7
4.0
Leased properties
90.3
Build-to-rent properties
71.1
Wholly owned
Development completions for AY22/23
365.9
Properties under development
202.8
Properties held throughout the year
5,513.3
Acquisitions
176.5
Total property portfolio
5,689.8
EPRA yield movement
NOI yield
Yield movement (bps)
%
H1
H2
FY
Wholly owned
4.8
(14)
12
(2)
USAF
5.0
(20)
13
(7)
LSAV
4.1
(19)
19
0
Rental properties (Unite share)
4.7
(16)
14
(2)
Property related capital expenditure
2022
London
2021
Wholly
owned
Share of
JVs
Group
share
Wholly
owned
Share of
JVs
Group
share
3.3
10.5
13.8
4.8
3.1
7.9
Prime regional
31.6
7.3
38.9
16.7
2.9
19.6
Major regional
16.5
11.2
27.7
8.1
10.8
18.9
8.1
1.0
9.1
2.8
0.6
3.4
59.5
30.0
89.5
32.4
17.4
49.8
Increase in beds
2.1
2.0
4.1
–
–
–
Acquisitions
1.3
–
1.3
–
–
–
193.0
–
193.0
81.4
–
81.4
Provincial
Total rental properties
Developments
Capitalised interest
Total property related capex
6.3
–
6.3
5.2
–
5.2
262.2
32.0
294.2
119.0
17.4
136.4
