<p>联合集团的股票在周五受到打击，原因是更新显示 2026/27 学年的学生预订量低于去年的数字。这家公司是英国学生住房领域的重量级企业，披露截至 5 月中旬的床位预订率为 79%，低于 2025 年同期的 80%。</p>
<p>预订率下降 1% 正值床位出租方式的转变之际。目前，54% 的房间通过大学推荐出租，较去年的 58% 略有下降，而直接出租的销售比例则从 22% 上升至 25%。这些数据使联合集团有望在 93% 至 96% 的目标范围内达到较低的入住率。</p>
<p>预计租金收入增长将在 2% 到 3% 之间，这意味着同比收入增长将保持平稳，介于 0% 到 2% 之间。首席执行官乔·利斯特强调，公司在通过大学合作和直接销售来提升收入方面采取了积极的态度，表明管理层并未因预订情况平淡而停滞不前。</p>
<p>Hello Student 品牌（前身为 Empiric）的预订量下降更为明显，今年仅有 47% 的房间被预订，而去年为 55%。联合集团正在采取措施重振 Hello Student 的销售，并预测明年的入住率约为 85%，与直接出租的销售表现相符。</p>
<p>尽管面临这些挑战，联合集团重申了 2026 财年调整后每股收益的全年指导范围为 41.5 便士至 43 便士。公司指出，前四个月的交易表现支持这一展望，显示出在实现财务目标方面的信心。</p>
<p>高盛维持对联合集团的 “买入” 评级，设定 12 个月的目标价为 560 便士，这意味着相较于更新前的收盘价 481.6 便士有大约 16% 的上涨空间。该银行认为预订数据基本符合之前的预期，暗示市场反应可能更多是情绪驱动而非基本面。</p>
<p>联合集团在 60 多个大学城和城市运营，为约 72,000 名学生提供住宿。预订量的轻微放缓可能反映了学生需求的更广泛变化或高等教育格局的转变，但仍需关注。</p>
<p>随着今年的学年招生几乎完成，床位预订率为 79%——相比去年的 80%——联合集团面临着在维持入住率和推动租金增长之间的微妙平衡。其直接销售的有效性，特别是在 Hello Student 方面，将在季节推进中至关重要。</p>
<p>这些趋势是否意味着学生住房需求的短暂波动或更持久的变化仍有待讨论。目前，联合集团的交易者受到了一定冲击，但核心基本面和展望看起来相对稳定。</p>

<p>联合集团的股票在公布 2026/27 学年的学生预订率为 79% 后下跌，较去年 80% 有所下降。该公司预计租金收入增长为 2-3%，同类销售增长持平或温和。首席执行官乔·利斯特强调了通过与大学合作来提升收入的努力。高盛维持 “买入” 评级，12 个月目标价为 560 便士，较当前价格有 16% 的上涨空间。尽管预订量下降，联合集团重申了其 2026 财年的盈利指引</p>

<p>Unite Group's stock took a hit on Friday following an update revealing that student bookings for the 2026/27 academic year are coming in below last year's numbers. The company, a heavyweight in the UK student housing sector, disclosed that bed reservations stand at 79% as of mid-May, down from 80% at this time in 2025.</p>
<div class="lb-trans"><p>联合集团的股票在周五受到打击，原因是更新显示 2026/27 学年的学生预订量低于去年的数字。这家公司是英国学生住房领域的重量级企业，披露截至 5 月中旬的床位预订率为 79%，低于 2025 年同期的 80%。</p>
</div><p>This 1% slip in the booking rate comes amid a shift in how the beds are let. Currently, 54% of rooms are let through university nominations, slightly down from 58% last year, while direct-let sales have risen to 25% from 22%. These figures put Unite on track to hit occupancy rates at the lower boundary of its 93% to 96% target range.</p>
<div class="lb-trans"><p>预订率下降 1% 正值床位出租方式的转变之际。目前，54% 的房间通过大学推荐出租，较去年的 58% 略有下降，而直接出租的销售比例则从 22% 上升至 25%。这些数据使联合集团有望在 93% 至 96% 的目标范围内达到较低的入住率。</p>
</div><p>Rental income growth is expected to fall between 2% and 3%, translating to flat to modest like-for-like income growth of 0% to 2%. CEO Joe Lister emphasized the company's proactive stance in boosting income through both university partnerships and direct sales, suggesting management is not sitting still despite the lukewarm bookings.</p>
<div class="lb-trans"><p>预计租金收入增长将在 2% 到 3% 之间，这意味着同比收入增长将保持平稳，介于 0% 到 2% 之间。首席执行官乔·利斯特强调，公司在通过大学合作和直接销售来提升收入方面采取了积极的态度，表明管理层并未因预订情况平淡而停滞不前。</p>
</div><p>The Hello Student brand, formerly known as Empiric, showed a more pronounced drop in bookings, with only 47% of rooms reserved this year compared to 55% last year. Unite is taking steps to revamp sales at Hello Student and forecasts around 85% occupancy for the upcoming year, aligned with direct-let sales performance.</p>
<div class="lb-trans"><p>Hello Student 品牌（前身为 Empiric）的预订量下降更为明显，今年仅有 47% 的房间被预订，而去年为 55%。联合集团正在采取措施重振 Hello Student 的销售，并预测明年的入住率约为 85%，与直接出租的销售表现相符。</p>
</div><p>Despite these headwinds, Unite reaffirmed its full-year guidance for adjusted earnings per share in the range of 41.5p to 43p for fiscal 2026. The company noted that trading performance over the first four months supports this outlook, signaling a degree of confidence in meeting its financial goals.</p>
<div class="lb-trans"><p>尽管面临这些挑战，联合集团重申了 2026 财年调整后每股收益的全年指导范围为 41.5 便士至 43 便士。公司指出，前四个月的交易表现支持这一展望，显示出在实现财务目标方面的信心。</p>
</div><p>Goldman Sachs maintains a &#34;buy&#34; rating on Unite, setting a 12-month price target of 560p, which implies roughly 16% upside from the closing price of 481.6p before the update. The bank views the bookings data as largely in line with previous expectations, suggesting the market reaction might be more about sentiment than fundamentals.</p>
<div class="lb-trans"><p>高盛维持对联合集团的 “买入” 评级，设定 12 个月的目标价为 560 便士，这意味着相较于更新前的收盘价 481.6 便士有大约 16% 的上涨空间。该银行认为预订数据基本符合之前的预期，暗示市场反应可能更多是情绪驱动而非基本面。</p>
</div><p>Operating in over 60 university towns and cities, Unite provides accommodations for approximately 72,000 students across its portfolio. The slight slowdown in bookings could reflect broader changes in student demand or shifts in the higher education landscape but remains a watch point.</p>
<div class="lb-trans"><p>联合集团在 60 多个大学城和城市运营，为约 72,000 名学生提供住宿。预订量的轻微放缓可能反映了学生需求的更广泛变化或高等教育格局的转变，但仍需关注。</p>
</div><p>With the year's academic intake nearly in the bag at 79% reserved beds-compared to last year's 80%-Unite faces a delicate balancing act between maintaining occupancy and driving rental growth. The effectiveness of its direct sales push, particularly at Hello Student, will be critical as the season progresses.</p>
<div class="lb-trans"><p>随着今年的学年招生几乎完成，床位预订率为 79%——相比去年的 80%——联合集团面临着在维持入住率和推动租金增长之间的微妙平衡。其直接销售的有效性，特别是在 Hello Student 方面，将在季节推进中至关重要。</p>
</div><p>Whether these trends signal a blip or a more lasting change in student housing demand remains up for debate. For now, Unite Group traders got a jolt, but the core fundamentals and outlook look somewhat steady.</p>
<div class="lb-trans"><p>这些趋势是否意味着学生住房需求的短暂波动或更持久的变化仍有待讨论。目前，联合集团的交易者受到了一定冲击，但核心基本面和展望看起来相对稳定。</p>
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联合集团股价下跌，原因是学生预订量不及去年