41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 28
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THE UNITE GROUP PLC | Annual Report and Financial Statements 2022
OUR STRATEGIC OBJECTIVES continued
ATTRACTIVE RETURNS
FOR SHAREHOLDERS
99%
1,489 NEW BEDS
occupancy for
the 2022/23
academic year
through development completions
and refurbishments
STRATEGIC FOCUS
PROGRESS IN 2022
•
•
•
Sustainable growth in earnings
•
Achieved 99% occupancy and 3.5% rental
growth for the 2022/23 academic year
Increasing portfolio alignment to the
strongest universities
•
•
EBIT margin increased to 67.9%
•
Sourcing new growth opportunities through
development and university partnerships
•
•
Disciplined capital management with new
capital to pursue growth opportunities
Secured planning approval for our Jubilee House
development in Stratford
•
£339 million (Unite share: £256 million)
of disposals, increasing portfolio quality
Delivery of attractive total accounting returns
Delivered 1,489 new beds through development
completions and refurbishments