LONDON (dpa-AFX) - Unite Group PLC (UTG.L) announced the company continues to deliver sustainable earnings growth and the momentum it achieved at the half year is continuing. Full year EBIT margin expected to be around 70% compared to 68%, prior year, and new target established at 74% by 2021.
Unite Group said its market dynamics remain supportive with 98% let across its portfolio for the 2018/19 academic year; and full year rental growth in line with 3.0-3.5% target. The Group said it is on track to deliver full year efficiency targets of 75% NOI margin and 25-30bps overhead efficiency.
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