Unite Group PLC
Unite Group PLC is the UK's largest owner, manager and developer of purpose-built student accommodation (PBSA) serving the country's world-leading higher education sector. We provide homes to 71,000 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 fo… Read more
Unite Group PLC (UTGPF) - Net Assets
Latest net assets as of June 2025: $4.88 Billion USD
Based on the latest financial reports, Unite Group PLC (UTGPF) has net assets worth $4.88 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.43 Billion) and total liabilities ($1.55 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.88 Billion |
| % of Total Assets | 75.9% |
| Annual Growth Rate | 33.05% |
| 5-Year Change | 47.59% |
| 10-Year Change | 270.77% |
| Growth Volatility | 69.2 |
Unite Group PLC - Net Assets Trend (1996–2024)
This chart illustrates how Unite Group PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Unite Group PLC (1996–2024)
The table below shows the annual net assets of Unite Group PLC from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.81 Billion | +17.55% |
| 2023-12-31 | $4.09 Billion | +7.19% |
| 2022-12-31 | $3.82 Billion | +7.43% |
| 2021-12-31 | $3.55 Billion | +9.03% |
| 2020-12-31 | $3.26 Billion | +5.23% |
| 2019-12-31 | $3.10 Billion | +47.61% |
| 2018-12-31 | $2.10 Billion | +19.64% |
| 2017-12-31 | $1.75 Billion | +18.89% |
| 2016-12-31 | $1.48 Billion | +13.70% |
| 2015-12-31 | $1.30 Billion | +50.49% |
| 2014-12-31 | $862.30 Million | +28.32% |
| 2013-12-31 | $672.00 Million | +25.91% |
| 2012-12-31 | $533.70 Million | +31.88% |
| 2011-12-31 | $404.70 Million | +0.25% |
| 2010-12-31 | $403.70 Million | +5.96% |
| 2009-12-31 | $381.00 Million | +13.61% |
| 2008-12-31 | $335.37 Million | -25.49% |
| 2007-12-31 | $450.09 Million | -6.46% |
| 2006-12-31 | $481.19 Million | +25.74% |
| 2005-12-31 | $382.70 Million | +18.92% |
| 2004-12-31 | $321.81 Million | -1.52% |
| 2003-12-31 | $326.79 Million | +6.06% |
| 2002-12-31 | $308.12 Million | +52.49% |
| 2001-12-31 | $202.06 Million | +127.91% |
| 2000-12-31 | $88.66 Million | +236.69% |
| 1999-12-31 | $26.33 Million | +156.47% |
| 1998-12-31 | $10.27 Million | +70.72% |
| 1997-12-31 | $6.01 Million | +270.55% |
| 1996-12-31 | $1.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Unite Group PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2133394.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.77 Billion | 36.80% |
| Common Stock | $122.20 Million | 2.54% |
| Other Comprehensive Income | $1.40 Million | 0.03% |
| Other Components | $2.92 Billion | 60.63% |
| Total Equity | $4.81 Billion | 100.00% |
Unite Group PLC Competitors by Market Cap
The table below lists competitors of Unite Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ACI Worldwide Inc
NASDAQ:ACIW
|
$4.01 Billion |
|
Onex Corp
PINK:ONEXF
|
$4.01 Billion |
|
Associated Banc-Corp
NYSE:ASB
|
$4.01 Billion |
|
St Joe Company
NYSE:JOE
|
$4.01 Billion |
|
Haidilao International Holding Ltd
PINK:HDALF
|
$4.01 Billion |
|
Wangsu Science Tech
SHE:300017
|
$4.01 Billion |
|
St Galler Kantonalbank AG
SW:SGKN
|
$4.00 Billion |
|
Shenghe Resources Holding Co Ltd
SHG:600392
|
$4.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Unite Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,067,000,000 to 4,811,500,000, a change of 744,500,000 (18.3%).
- Net income of 441,900,000 contributed positively to equity growth.
- Dividend payments of 124,200,000 reduced retained earnings.
- Share repurchases of 1,500,000 reduced equity.
- New share issuances of 442,000,000 increased equity.
- Other comprehensive income decreased equity by 42,600,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $441.90 Million | +9.18% |
| Dividends Paid | $124.20 Million | -2.58% |
| Share Repurchases | $1.50 Million | -0.03% |
| Share Issuances | $442.00 Million | +9.19% |
| Other Comprehensive Income | $-42.60 Million | -0.89% |
| Other Changes | $28.90 Million | +0.6% |
| Total Change | $- | 18.31% |
Book Value vs Market Value Analysis
This analysis compares Unite Group PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2431.51x to 1.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $0.00 | $10.84 | x |
| 1997-12-31 | $0.02 | $10.84 | x |
| 1998-12-31 | $0.03 | $10.84 | x |
| 1999-12-31 | $0.07 | $10.84 | x |
| 2000-12-31 | $0.24 | $10.84 | x |
| 2001-12-31 | $0.56 | $10.84 | x |
| 2002-12-31 | $0.85 | $10.84 | x |
| 2003-12-31 | $0.90 | $10.84 | x |
| 2004-12-31 | $0.88 | $10.84 | x |
| 2005-12-31 | $1.05 | $10.84 | x |
| 2006-12-31 | $1.32 | $10.84 | x |
| 2007-12-31 | $1.24 | $10.84 | x |
| 2008-12-31 | $0.88 | $10.84 | x |
| 2009-12-31 | $1.00 | $10.84 | x |
| 2010-12-31 | $1.06 | $10.84 | x |
| 2011-12-31 | $1.06 | $10.84 | x |
| 2012-12-31 | $1.42 | $10.84 | x |
| 2013-12-31 | $1.79 | $10.84 | x |
| 2014-12-31 | $2.31 | $10.84 | x |
| 2015-12-31 | $3.50 | $10.84 | x |
| 2016-12-31 | $3.99 | $10.84 | x |
| 2017-12-31 | $4.75 | $10.84 | x |
| 2018-12-31 | $5.69 | $10.84 | x |
| 2019-12-31 | $8.44 | $10.84 | x |
| 2020-12-31 | $8.48 | $10.84 | x |
| 2021-12-31 | $8.83 | $10.84 | x |
| 2022-12-31 | $9.48 | $10.84 | x |
| 2023-12-31 | $9.76 | $10.84 | x |
| 2024-12-31 | $10.46 | $10.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Unite Group PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.18%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 147.64%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.33x
- Recent ROE (9.18%) is above the historical average (4.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 4.00% | 13.40% | 0.07x | 4.13x | $-97.30K |
| 1997 | 9.11% | 31.39% | 0.06x | 4.68x | $-53.40K |
| 1998 | 5.74% | 10.70% | 0.12x | 4.52x | $-437.70K |
| 1999 | 3.22% | 7.68% | 0.12x | 3.39x | $-1.78 Million |
| 2000 | 3.41% | 10.10% | 0.16x | 2.15x | $-5.84 Million |
| 2001 | -1.01% | -8.33% | 0.05x | 2.22x | $-22.25 Million |
| 2002 | -8.32% | -77.98% | 0.04x | 2.51x | $-56.45 Million |
| 2003 | -3.30% | -22.45% | 0.05x | 3.13x | $-43.47 Million |
| 2004 | 5.39% | 23.24% | 0.06x | 3.78x | $-14.84 Million |
| 2005 | 8.44% | 28.39% | 0.09x | 3.32x | $-5.96 Million |
| 2006 | 14.86% | 64.61% | 0.10x | 2.22x | $23.36 Million |
| 2007 | -8.33% | -51.95% | 0.06x | 2.63x | $-82.48 Million |
| 2008 | -36.21% | -86.79% | 0.12x | 3.45x | $-147.96 Million |
| 2009 | -9.54% | -13.15% | 0.29x | 2.52x | $-71.48 Million |
| 2010 | 5.06% | 10.13% | 0.23x | 2.20x | $-19.15 Million |
| 2011 | 0.54% | 2.21% | 0.10x | 2.55x | $-36.66 Million |
| 2012 | 24.35% | 58.53% | 0.18x | 2.27x | $74.02 Million |
| 2013 | 11.94% | 80.16% | 0.08x | 1.95x | $12.67 Million |
| 2014 | 12.18% | 78.98% | 0.09x | 1.73x | $18.35 Million |
| 2015 | 27.60% | 148.11% | 0.12x | 1.51x | $224.39 Million |
| 2016 | 15.43% | 142.95% | 0.07x | 1.44x | $78.84 Million |
| 2017 | 12.82% | 141.24% | 0.06x | 1.41x | $48.70 Million |
| 2018 | 11.37% | 139.06% | 0.06x | 1.37x | $28.40 Million |
| 2019 | -2.90% | -57.11% | 0.03x | 1.63x | $-396.35 Million |
| 2020 | -3.74% | -56.12% | 0.04x | 1.62x | $-444.49 Million |
| 2021 | 9.71% | 128.29% | 0.05x | 1.43x | $-10.38 Million |
| 2022 | 9.24% | 135.17% | 0.05x | 1.42x | $-28.71 Million |
| 2023 | 2.52% | 37.12% | 0.05x | 1.35x | $-304.20 Million |
| 2024 | 9.18% | 147.64% | 0.05x | 1.33x | $-39.25 Million |
Industry Comparison
This section compares Unite Group PLC's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $1,431,457,758
- Average return on equity (ROE) among peers: 3.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Unite Group PLC (UTGPF) | $4.88 Billion | 4.00% | 0.32x | $4.01 Billion |
| American Assets Trust Inc (AAT) | $189.17 Million | -3.71% | 4.13x | $997.50 Million |
| Armada Hflr Pr (AHH) | $-37.40 Million | 0.00% | 0.00x | $449.55 Million |
| Armada Hoffler Properties, Inc. (AHRT-PA) | $805.18 Million | 1.03% | 2.18x | $1.76 Billion |
| Precinct Properties New Zealand Limited (AOTUF) | $390.30 Million | 1.91% | 0.25x | $1.05 Billion |
| Artis REIT (ARESF) | $4.10 Million | 0.00% | 1.29x | $228.58 Million |
| Ascott Residence Trust (ATTRF) | $3.13 Billion | 4.71% | 0.70x | $1.70 Billion |
| Broadstone Net Lease Inc (BNL) | $1.28 Billion | 4.27% | 1.01x | $3.74 Billion |
| British Land Company Plc (BRLAF) | $4.11 Billion | 3.88% | 1.12x | $5.24 Billion |
| Icade SA (CDMGF) | $1.16 Billion | 6.10% | 1.97x | $700.47 Million |
| Charter Hall Long WALE REIT (CHLWF) | $3.28 Billion | 18.86% | 0.43x | $1.19 Billion |