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TheReitStuff replies on Unite Group UTG, couple of notesI must confess I bought back part of what I sold last week, first thing this morning, after seeing the news at the weekend about EU student visa/fees negotiations...
The proposed deal, adjusted for Unite's typical share of the market and where EU students go / Unite operates, is about 2x more than the total number of empty rooms this year.
The student type (graduate) is also good news - full year rents not 40 week rents, and Empiric-type accomodation.
Ignoring all the other tailwinds lately, this one news item by itself - if it proceeds - is enough to set Unite back onto 5%/year LFL growth and full occupancy.
IMHO.
TRS
