Unite Group (UTG) Fair Value & Analysis

Real Estate · GB · Market cap 2.7B GBX

Below-average quality, and screening another 39% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (£4.04). The favourable scenario is already priced in.
• Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
• As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range £4.21 – £9.98 · fair‑value band £2.26 – £4.04 · the £5.27 price screens above the £3.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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Analysis

Unite Group (UTG) currently trades at £5.27, while our model-based Fair Value estimate is £3.23, implying the stock looks roughly 38.7% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Unite Group generated revenue of £387M at a net margin of 25.2%. Revenue grew 22.6% year over year. It earns a return on equity of 2.1%. Net debt stands at £1.4B. Fundamentals as of Jul 17, 2026

Our scenario range runs from £2.26 (bear case) to £4.04 (bull case); at £5.27, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Real Estate peers we cover trades at -22% fair-value upside, at -39%, UTG screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Economic Profit (£6.20) versus Multiples (£3.23). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Unite Group PLC is the UK's largest owner, manager and developer. It is purpose-built student accommodation (PBSA) serving the country's world-leading higher education sector. We provide homes to 72,000 students across 208 properties in 29 leading university towns and cities. We currently partner with over 60 universities across the UK.

Full company description

Unite Group PLC is the UK's largest owner, manager and developer. It is purpose-built student accommodation (PBSA) serving the country's world-leading higher education sector. We provide homes to 72,000 students across 208 properties in 29 leading university towns and cities. We currently partner with over 60 universities across the UK. Our people are driven by a common purpose: to provide a Home for Success for the students who live with us. Unite Students accommodation is safe and secure, high quality and affordable. Students live predominantly in en-suite study bedrooms with rents covering all bills, insurance, 24-hour security and high-speed Wi-Fi. We are committed to raising standards in the student accommodation sector for our customers, investors and employees. Our Sustainability Strategy includes a commitment to become net zero carbon across our operations and developments by 2030. Founded in 1991 in Bristol, the Unite Group is an award-winning Real Estate Investment Trust (REIT), listed on the London Stock Exchange. Unite Group PLC was incorporated in 1991 in United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Unite Group reported revenue of £333M in FY2025 versus £267M in FY2021, a compound +5.7%/yr. Reported net income was £97.6M in FY2025, compounding −26.9%/yr from FY2021.

UTG screens 39% overvalued. Compare with Goodman Group →

Peer Group

REIT - Diversified · 165 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs REIT - Diversified median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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10 more REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.