Subject: Re: Unite Group (UTG), UK, falling knife.
Another example of a recent sale, variety of cities, all at book value.

https://www.unitegroup.com/art...

"13 May 2024

Unite Students, the UK’s leading owner, manager and developer of student accommodation, today announces the sale of six properties to PGIM Real Estate for £184 million (Unite Students share: £76 million).

The properties, comprising 2,948 beds, are located in Birmingham, Cardiff, Leicester, Liverpool, Nottingham and Sheffield. The disposals are priced in line with book value"

TRS

Note: Leicester, Nottingham and Sheffield are the three worst offenders for Unite's occupancy levels.

https://www.unitegroup.com/wp-... (slide 13)