Q3 2022 Unite Group PLC Trading Statement Call Transcript
Hello, and welcome to The Unite Third Quarter Trading Update Call. My name is Laura, and I will be your coordinator for today's event. (Operator Instructions) I will now hand you over to your host, Richard Smith, to begin today's conference. Thank you.
Thank you very much, and thank you, everyone, for joining the trading and valuation update call this morning. I know it's a busy morning for many of you. Getting straight to it. Our operational performance has been very strong, and we expect 2022 earnings at the top end of our guidance. Our occupancy stands at 99%, and rental growth has been strong. And we believe that rental growth is sustainably strong. And our cost base is well protected from inflation. And looking at the valuations, they have increased on the back of the occupancy and rental growth I've just referenced.
For the academic year that's just completed, the -- we completed the sales, rental growth was 3.5%. However, on a like-for-like basis, this increases to 4.5%. This like-for-like
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