Unite Group stock rises 1.84 percent on lettings update
Published on 09/28/2026 at 16:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Unite Group stock was trading at GBp 464.20 on the London Stock Exchange on September 28, 2026, up 1.84 percent from the prior close of GBp 455.80. The company said on September 17, 2026, that 95.00 percent of Unite beds were reserved for the 2026/27 academic year, supporting reiterated FY2026 adjusted EPS guidance of GBp 41.5-43.0 per share in its Unite Group trading update.
Reservations hold at 95.00 percent
The 95.00 percent booking rate matched the 2025/26 level and remained within the company guidance range of 94.00-96.00 percent, according to Unite Group on September 17, 2026. The composition changed, with 54.00 percent of beds let through university nomination agreements and 41.00 percent through direct-let sales, compared with 59.00 percent and 36.00 percent respectively a year earlier.
The operational comparison is more favorable in the Hello Student portfolio. Reservations reached 91.00 percent for 2026/27, up from 84.00 percent in 2025/26, and the company said occupancy could reach 92.00 percent in the following weeks, as reported by Unite Group.
Income growth narrows to 0.50-1.00 percent
Unite now expects 0.50-1.00 percent like-for-like income growth for 2026/27, compared with its previous guidance of 0.00-2.00 percent. Rental growth is expected to be flat instead of the former 1.00-2.00 percent range, making occupancy and letting mix central to the earnings outlook, according to Unite Group.
The latest analyst snapshot remains constructive but shows a wide valuation spread. MarketBeat reported on September 7, 2026, that Berenberg raised its target from GBp 623 to GBp 668 on August 5, while Citigroup cut its target from GBp 906 to GBp 579 on August 3.
Stock remains below its yearly high
At GBp 464.20 on September 28, 2026, the shares were GBp 265.30 below the 52-week high of GBp 729.50 and GBp 22.00 above the 52-week low of GBp 442.20. The next company trading update is scheduled for October 8, 2026, when Unite is set to provide current trading and third-quarter fund valuation information, according to Unite Group.
Unite Group stock snapshot
- Company: Unite Group Plc
- Ticker: UTG.L
- Trading venue: London Stock Exchange
- Price (as of September 28, 2026, 3:25 p.m. London time): GBp 464.20
- Prior close: GBp 455.80
- Daily change: 1.84 percent
- 52-week range: GBp 442.20-729.50
- Sector / Industry: Real Estate / REIT - Diversified
- Index membership: FTSE 250
