Unite Students – TRADING UPDATE AND Q4 FUND VALUATIONS
Unite Students, the UK’s leading owner, manager and developer of student accommodation, today announces an update on current trading and quarterly property valuations for the Unite UK Student Accommodation Fund (‘USAF’) and the London Student Accommodation Joint Venture (‘LSAV’) as at 31 December 2023.
Highlights
· Continued strong demand with 71% of beds sold for the 2024/25 academic year (2023/24: 70%)
· Confident in delivering rental growth of at least 5% for 2024/25 academic year
· Guidance maintained for 2023 adjusted EPS at the upper end of 43-44p range
· Property values broadly stable in Q4 (USAF: +2.1%, LSAV -0.7%)