Subject: Re: Unite Group (UTG), UK, falling knife.
Britain's Unite Group (UTG.L), warned of lower earnings in 2026 on Thursday, as the student accommodation developer grapples with lower student occupancy and slower rental income growth, sending its shares to a more than a decade low.

Unite Group, in a separate statement ahead of its investor event, said it expects a 7-10% drop in its 2026 adjusted earnings per share, as it grapples with lower student occupancy, a fall in rental income, and delays in development completions, among other factors.

Earlier this month, Empiric reported a 6% decline in occupancy, citing a fall in reservations from Chinese student tenants. Unite said on Thursday that it expects to deliver rental growth of 2%-3% for the 2026/27 academic year, below the 4% reported for the 2025/26 academic year.

The Bristol, England-based company also expects to report muted growth in occupancy for the 2026/27 academic year at 93-96%, compared to the 95.2% in the 2025/26 academic year.

Shares in the company dropped 6% in early trade to their lowest levels since early 2015.

https://www.reuters.com/sustai...