Unite Group plc
EURO STOXX 600Last update: May 9, 2026 at 09:32
Dividend Safety Rating
UTG.L's dividend shows several warning signs. Strengths include a 5.3x interest coverage & 20.6% net debt / total assets. Areas of concern: 189.5% earnings payout ratio & 173.1% fcf payout ratio. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.
Based on 14 of 15 metrics
Strengths
- Debt-to-Equity: 28.1Conservative debt level relative to equity.
- Operating Margin: 43.5%Healthy operating margin provides a wide buffer.
- Gross Margin: 71.1%High gross margin signals strong pricing power.
Risks
- Earnings Payout Ratio: 189.5%High earnings payout ratio leaves little safety margin.
- FCF Payout Ratio: 173.1%Free cash flow is tight relative to the dividend.
- CFO Payout Ratio: 126.6%Operating cash flow leaves little room for the payout.
Payout & Coverage
WarningBalance Sheet
SafeProfitability
CautionDividend Track Record
WarningAbout Unite Group plc
Unite Group plc is a United Kingdom-based Real Estate Investment Trust (REIT) specializing in the ownership, management, and development of purpose-built student accommodation (PBSA). As the UK's largest provider in this sector, it serves the higher education market by offering high-quality, safe, and affordable housing to students, often through direct rentals and university partnerships. The company operates primarily in the United Kingdom, with its portfolio supporting universities across the country and achieving strong occupancy rates, such as 95.2% in recent periods, alongside rental growth. Founded in 1991 in Bristol, where it maintains its headquarters, Unite Group plc employs around 1,900 people and focuses on expanding through new developments, asset management projects, and strategic partnerships like its recent collaboration with Newcastle University. Listed on the London Stock Exchange and a FTSE member, it plays a key role in the residential REIT sector, addressing the growing demand for student housing amid expanding higher education enrollment. With leadership including CEO Joseph Lister and Chairman Richard Huntingford, the firm emphasizes positive impacts on students, communities, and the environment.
Dividend Overview
Dividend Yield
7.78%
Annual Dividend
£0.38
Frequency
Semi-Annual
Payout Ratio
189.45%
FCF Payout Ratio
173.09%
Stock Price
£4.82
52-Week Range
£4.42 – £8.74
Dividend History (2016–2025)
UTG.L annual dividend per share and yield history
Earnings & Profitability
UTG.L earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
April 16, 2026
Next Payment Date
—
Dividend Growth
3-Year Dividend CAGR
12.33%
5-Year Dividend CAGR
N/A
10-Year Dividend CAGR
10.03%
3-Year Total Growth
41.73%
5-Year Total Growth
N/A
10-Year Total Growth
160.00%
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.