United Group's H1 profit drops 8%

Unite Group, the largest provider of student accommodation in the UK, announced an 8% decline in its adjusted profits for the first half of the year, impacted by acquisition costs and portfolio restructuring expenses. Despite the drop in profits, the company remains committed to its annual outlook, benefiting from ongoing demand for student housing, with bookings for the 2026-2027 academic year increasing to 86% of capacity. The company is also continuing with its plan to sell assets valued between £300 million and £400 million to boost revenues and improve its long-term performance.

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