Unite Group plc are proposing a final dividend payment of 15.6p per share (2020: 12.75p), making 22.1p for the full year (2020: 12.75p). The final dividend will be fully paid as a Property Income Distribution (PID) of 15.6p, which we expect to fully satisfy their PID requirement for the 2021 financial year.
Other financial highlights include:
Adjusted earnings of £110.1 million, up 20% (2020: £91.6 million) and adjusted EPS of 27.6p, up 15% (2020: 24.0p)
IFRS profit before tax of £343.1 million (2020: loss of £120.1 million), driven by a valuation gain of £182.2 million (2020: £178.8 million loss)
EPRA NTA up 8% to 882p (31 December 2020: 818p)
IFRS NAV up 9% to 880p (31 December 2020: 809p)
Total accounting return of 10.2% for the year (2020: (3.4)%)