Unite Group PLC (UTGPF) Q4 2025 Sales/Trading Call Transcript

Core Insights - The company is reiterating its guidance set during the investor event in November, with detailed earnings guidance for 2026 to be provided in February, including the impact of Empiric [2] Group 1: Reservations Progress - Reservations for the next academic year are currently at 64%, which is below the 67% recorded at the same time last year; however, it is still early in the sales cycle [3] - The company remains on track to achieve an occupancy rate of 93% to 96% and rental growth of 2% to 3% as previously indicated [3] - UCAS applications data, expected to be positive due to demographic growth, will be released at the end of the month [3] Group 2: Capital Allocation and Share Buyback - The company is launching a share buyback program as part of its capital allocation framework [1]