Progress Slows in Closing the Attainment Gap
7th Dec 2018
Unite Students' profits rocketed in 2015 with an 84% increase year on year. Whilst in 2014 the company made £33.3 million in profit but last year their figures were up to £61.3 million.
The company's performance was also reflected in its share price with a 33% increase in its net asset value per share which was up from 434p in 2014 to 579p in 2015.
It's no secret that 2015 was a bumper year for student accommodation investment, but while many businesses are moving into the sector looking to reap the benefits of increased student numbers over the next few years, Unite is already a dominant force in the PBSA sector providing accommodation for over 46,000 students. They also have 6,800 beds in the pipeline, with 2,300 due to be delivered next year.
As well as domestic student numbers being up after caps were lifted last year by the Conservatives, international student numbers continue to grow as well, which is great news for the premium end of the student accommodation market, and clearly great news for Unite.
Image courtesy of Creative Commons
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