THE UNITE GROUP PLC Annual Report and Accounts 2024 207 EPRA yield movement NOI yield Yield movement (bps) % H1 H2 FY Wholly-owned 5.2% 8 7 15 USAF 5.2% (1) 2 1 LSAV 4.5% - 2 2 Rental properties (Group share) 5.1% 7 11 18 Property-related capital expenditure 2024 2023 Wholly owned Share of JVs Group share Wholly owned Share of JVs Group share London 13.0 18.5 31.5 4.3 20.5 24.8 Prime regional 12.4 6.1 18.5 19.3 4.8 24.1 Major regional 36.8 13.8 50.6 24.6 3.0 27.6 Provincial 2.6 4.5 7.1 5.2 1.3 6.5 Total rental properties 64.8 42.9 107.7 53.5 29.6 83.0 Acquisitions 282.9 34.5 317.4 2.1 - 2.1 Developments 263.7 - 263.7 58.8 - 58.8 Capitalised interest 15.5 - 15.5 8.4 - 8.4 Total property related capex 626.9 77.4 704.3 122.7 29.6 152.3 EPRA loan to value 2024 £m 2023 £m Investment property (owned) 5,852.0 5,510.4 Investment property (under development) 451.4 174.7 Intangibles 10.4 9.3 Total property value and other eligible assets 6,313.8 5,694.4 Cash at bank and in hand 364.7 77.2 Borrowings (1,874.8) (1,648.1) Net other payables (33.9) (100.3) EPRA Net debt (1,544.0) (1,671.2) EPRA loan to value 24.4% 29.3%