Unite Group plc announce an interim dividend of 11.0p

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Unite Group plc announce an interim dividend of 11.0p

Unite Group plc have declared an interim dividend payment of 11.0p per share (2021: 6.5p). The interim dividend will be fully paid as a Property Income Distribution (PID) on 28 October 2022 to shareholders on the register at close of business on 16 September 2022.

Other financial highlights include: 

Adjusted earnings up 32% to £96.0 million (H1 2021: £72.6 million) 

Adjusted EPS up 32% to 24.0p (H1 2021: 18.2p) 

IFRS profit before tax of £334.1 million (H1 2021: £130.4 million), driven by adjusted earnings and a valuation gain of £214.9 million in the period (H1 2021: £54.3 million)

EPRA NTA per share of 940p, up 7% (31 December 2021: 882p)

IFRS NAV per share up 8% to 948p (31 December 2020: 880p)

Total accounting return of 8.3% for H1 (H1 2021: 3.9%)

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