Full Year 2024 Unite Group PLC Earnings Call Transcript

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Feb 25, 2025

Feb 25, 2025 / 08:30AM GMT
Joe Lister - Unite Group PLC - Chief Executive Officer, Executive Director

Lovely. Thank you. So delighted to be announcing another strong set of results for 2024, 5% EPS growth, return on equity of just under 10%, and the balance sheet is in good place, providing us with capacity for growth. And this performance to me really demonstrates the strength and resilience of our model in a year when the sector faced into some challenges and that resilience comes from three factors.

The first is our alignment to the strongest universities. The second is our price point product and platform, which allows us to deplete spot of where the demand is and the third is our unrivaled relationships and nominations with the strongest universities in the UK, which importantly is also opening up that exciting new growth opportunities.

So in a year that has seen a decline in international students where there has been some uncertainty about university finances and there's been cost and funding cost growth. We have outperformed our competition. We've delivered rental growth and we've absorbed those cost

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