Goldman Sachs has initiated coverage on Unite Group, a major player in the student housing market, with a bullish outlook. The investment bank forecasts a potential 20% increase in Unite Group’s stock value. This optimistic view is based on several key factors: the expected growth in student numbers, the company’s robust development pipeline, and its strategic focus on prime university locations. Unite Group’s shares have already seen a 10% rise this year, reflecting strong market confidence. The analysis also highlights the company’s ability to maintain high occupancy rates, with last year’s occupancy at 98%. Moreover, Unite Group’s financial health is underscored by a 5% increase in rental income over the past year.
Source: thefly.com
