Unite Group (UTG)

Sector:

Property Investment Trusts

Index:

FTSE 100

875.50p
   
  • Change Today:
    -18.50p
  • 52 Week High: 1,057.00
  • 52 Week Low: 865.00
  • Currency: UK Pounds
  • Shares Issued: 488.72m
  • Volume: 1,232,805
  • Market Cap: £4,278.76m
  • RiskGrade: 154

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend11.80p11.00p6.50pn/an/a
Final Dividend23.60p21.70p15.60p12.75pn/a
Total Dividend35.40p32.70p22.10p12.75p10.25p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 276.10 259.30 266.90 215.60 156.20
Operating Profit/(Loss) 118.90 238.00 162.90 119.00 96.60
Net Interest (43.40) 33.50 (36.00) (81.00) (32.90)
Profit Before Tax 102.50 351.90 343.10 (120.10) (101.20)
Profit After Tax 103.60 351.80 344.50 (122.20) (87.60)
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 103.60 351.80 344.50 (122.20) (87.60)
Attributable to:          
Equity Holders of Parent Company 102.50 350.50 342.40 (121.00) (87.60)
Minority Interests 1.10 1.30 2.10 (1.20) n/a
           
Continuing EPS          
Earnings per Share - Basic 24.70p 87.70p 85.90p (31.80p) (31.50p)
Earnings per Share - Diluted 24.60p 87.60p 85.70p (31.80p) (31.40p)
Earnings per Share - Adjusted 44.30p 40.90p 27.60p 25.50p 39.10p
Continuing and Discontinued EPS          
Earnings per Share - Basic 24.70p 87.70p 85.90p (31.80p) (31.50p)
Earnings per Share - Diluted 24.60p 87.60p 85.70p (31.80p) (31.40p)
Earnings per Share - Adjusted 44.30p 40.90p 27.60p 25.50p 39.10p
           
Dividend per Share 35.40p 32.70p 22.10p 12.75p 10.25p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 1.70 2.70 3.60 4.30 5.50
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties 3,953.70 3,916.40 3,516.90 3,903.70 3,929.10
Investments 1,219.00 1,226.60 1,044.10 849.00 875.20
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 74.30 92.30 21.90 23.80 28.90
  5,248.70 5,238.00 4,586.50 4,780.80 4,838.70
Current Assets          
Inventories 26.20 12.80 12.10 8.80 4.00
Trade & Other Receivables 132.80 105.20 108.80 104.00 87.10
Cash at Bank & in Hand 37.50 37.90 109.40 338.30 86.90
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 25.70 n/a 234.30 n/a n/a
  222.20 155.90 464.60 451.10 178.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 5,470.90 5,393.90 5,051.10 5,231.90 5,016.70
           
Liabilities          
Current Liabilities          
Borrowings 304.80 4.80 4.90 4.40 5.30
Other Current Liabilities 212.40 221.80 237.90 163.10 238.70
  517.20 226.60 242.80 167.50 244.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 860.60 1,353.40 1,253.90 1,786.60 1,667.10
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities n/a n/a n/a 17.80 7.60
  860.60 1,353.40 1,253.90 1,804.40 1,674.70
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 1,377.80 1,580.00 1,496.70 1,971.90 1,918.70
           
Net Assets 4,093.10 3,813.90 3,554.40 3,260.00 3,098.00
           
Capital & Reserves          
Share Capital 109.40 100.10 99.80 99.50 90.90
Share Premium Account 2,447.60 2,162.00 2,161.20 2,160.30 1,874.90
Other Reserves 44.00 46.40 41.80 26.10 36.70
Retained Earnings 1,466.00 1,479.00 1,225.00 949.00 1,069.00
Shareholders Funds 4,067.00 3,787.50 3,527.80 3,234.90 3,071.50
           
Minority Interests/Other Equity 26.10 26.40 26.60 25.10 26.50
Total Equity 4,093.10 3,813.90 3,554.40 3,260.00 3,098.00
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 153.20 154.10 171.30 73.30 78.50
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (109.40) (191.90) 244.90 (149.10) (342.90)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (44.30) (33.60) (645.10) 327.20 227.70
Net Increase/Decrease In Cash (0.50) (71.40) (228.90) 251.40 (36.70)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 23.6 22.2 40.2 41.0 32.2
PEG - Adjusted 2.9 0.5 5.0 n/a 2.1
Earnings per Share Growth - Adjusted 8% 48% 8% -35% 15%
Dividend Cover 1.25 1.25 1.25 2.00 3.81
Revenue per Share 66.41p 64.89p 0.68p 56.53p 55.23p
Pre-Tax Profit per Share 24.66p 88.07p 0.87p (31.49p) (35.78p)
Operating Margin 43.06% 91.79% 61.03% 55.19% 61.84%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 23.6 22.2 3,986.1 41.0 32.2
PEG - Adjusted 2.9 0.0 n/a n/a 2.1
Earnings per Share Growth - Adjusted 8% 14,581% -99% -35% 15%
Dividend Cover 1.25 1.25 0.01 2.00 3.81
           
Dividend Yield 3.4% 3.6% 2.0% 1.2% 0.8%
Dividend per Share Growth 8.26% 47.96% 73.33% 24.39% (64.66%)
Operating Cash Flow per Share 36.85p 38.56p 42.96p 19.22p 27.76p
Cash Incr/Decr per Share (0.12p) (17.87p) (0.58p) 65.92p (12.98p)
Net Asset Value per Share (exc. Intangibles) 984.55p 954.48p 891.40p 854.79p 1,095.47p
Net Gearing 27.73% 34.86% 32.58% 44.91% 51.62%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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