Any views on Unite (UTG) Vs Grainger? Both look attractive. Unite has higher yields on properties with similar levels of rent growth. Higher cost of debt for UTG currently but both should normalise over time
Not looked into Unite but I’d favour private residential over student accommodation right now given where the immigration debate is heading (meaning sustained pressures to control international student numbers), and the financial health of the university sector (not great, could potentially see some smaller institutions shut). If Unite has a top tier portfolio then that mitigates the risks - but would want to see what they actually own.
Any views on Unite (UTG) Vs Grainger? Both look attractive. Unite has higher yields on properties with similar levels of rent growth. Higher cost of debt for UTG currently but both should normalise over time
Not looked into Unite but I’d favour private residential over student accommodation right now given where the immigration debate is heading (meaning sustained pressures to control international student numbers), and the financial health of the university sector (not great, could potentially see some smaller institutions shut). If Unite has a top tier portfolio then that mitigates the risks - but would want to see what they actually own.
Yes, agreed. My only hesitation is that I thought Pret was overly saturated for years and yet they seemed to keep expanding!