UNITE Group PLC (STU:U1B)
€ 10.2 -0.2 (-1.92%) Market Cap: 5.04 Bil Enterprise Value: 6.33 Bil PE Ratio: 14.13 PB Ratio: 0.89 GF Score: 81/100

Half Year 2021 Unite Group PLC Earnings Call Transcript

Jul 27, 2021 / 07:30AM GMT
Release Date Price: €13.2
Operator

Good day, and welcome to The Unite Group plc Half Year Results 2021 Conference Call. At this time, I would like to turn the conference over to Mr. Richard Smith. Please go ahead, sir.

Richard S. Smith
The Unite Group plc - CEO & Director

Great. Thank you very much, Hollie, and welcome, everybody to our results presentation. Thank you for joining in what I know is an extremely busy day within a busy week for you all.

The first half of the year has been impacted by COVID, but our recovery continues broadly in line with our expectations, and I'm hugely proud of the response of the business. Our focus has been on doing what's right, prioritizing safety and students, while balancing all stakeholders.

If we could move to Slide 2, please. Our financial performance has been impacted by COVID. However, EPRA earnings are up 18% to GBP 88 million. Our interim dividend of 6.5p represents a payout of 65%, and is a clear step towards our target of returning to an 80% payout.

We've also announced today, alongside these results, a new 1,000

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