41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 3
STRATEGIC REPORT
GOVERNANCE
FINANCIAL STATEMENTS
OTHER INFORMATION
FINANCIAL HIGHLIGHTS
32.7p
40.9p
34.1p
37.1p
29.0p
13.2%
22.1p
27.6p
11.7%
10.2%
24.0p
8.1%
10.25p
12.75p
2018
2018
2019
2020
2021
2022
2018
2019
2021
2020
2019
2022
2020
2021
Adjusted earnings per share1, 2 (p)
Dividend per share (p)
Total accounting return1 (%)
40.9p
32.7p
8.1%
91p
86p
882p
89p
927p
847p
2022
-3.4%
37%
34%
29%
29%
31%
818p
790p
2018
2019
2020
-32p
-32p
2021
2022
2018
2019
2020
2021
2022
2018
2019
2020
2021
IFRS basic earnings per share (p)
EPRA NTA per share1, 3 (p)
Loan-to-value ratio1 (%)
89p
927p
31%
2022
OPERATIONAL HIGHLIGHTS
•
Return to full occupancy in 2022/23, strong
demand for 2023/24
•
Shortage of quality student homes creates significant
opportunities to grow our platform
•
Best-in-class operating platform supports continued
earnings growth in 2023
•
Rental growth more than offsetting the impact
of rising property yields
•
Successful project deliveries in 2022, four committed
developments for delivery in 2023–2026
•
Sustainability strategy delivering a positive impact
through People and Places
1. The financial statements are prepared in accordance with International Financial Reporting Standards (IFRS). These financial highlights are based on the European Public Real
Estate Association (EPRA) best practice recommendations and these performance measures are published as they are intended to help users in the comparability of these
results across other listed real estate companies in Europe. The metrics are also used internally to measure and manage the business and to align to the performance related
conditions for Directors’ remuneration. See note 8 for calculations and reconciliations.
2. Adjustment made to EPRA EPS to remove the impact of the LSAV performance fee and abortive acquisition costs. Further details are provided in notes 2 and 8.
3. 2018 based on EPRA NAV as previously reported.
01