Unite Group (UTG) investor relations material

Reservations and occupancy

• 95% of beds reserved for the 2026/27 academic year, matching the previous year’s level.

• 91% of Empiric (Hello Student) beds reserved, up from 84% last year, with potential to reach 92%.

• 719-bed Hawthorne House development fully let for its first year, with half the beds under a long-term nomination agreement.

Income and earnings outlook

• Like-for-like income growth for 2026/27 expected at 0.5-1.0%, reflecting stable occupancy and flat rents.

• Adjusted EPS guidance for FY2026 reiterated at 41.5-43.0p.

• Income growth supported by increased undergraduate demand and a shift in sales strategy.

Sales and marketing strategy

• Enhanced sales platforms and targeted price adjustments have driven market share and improved occupancy.

• Direct-let sales and nomination agreements have been balanced to optimize income.

• Shorter average tenancy lengths for undergraduates provide opportunities for additional short-term lettings.