THE UNITE GROUP PLC Annual Report and Accounts 2024 177 Quantitative information about fair value measurements using unobservable inputs (Level 3) continued 2023 Fair value £m Valuation technique Unobservable inputs Range Weighted average London - rental properties 1,154.9 RICS Red Book Net rental income (£ per week) Estimated rental growth (% p.a.) Discount rate (yield) (%) £206-£424 2% - 4% 4.0% - 4.7% £324 3% 4.3% Prime regional - rental properties 1,156.0 RICS Red Book Net rental income (£ per week) Estimated rental growth (% p.a.) Discount rate (yield) (%) £152-£270 2% - 5% 4.3% - 6.7% £189 3% 4.9% Major regional - rental properties 1,246.0 RICS Red Book Net rental income (£ per week) Estimated rental growth (% p.a.) Discount rate (yield) (%) £84-£189 2% - 5% 4.9% - 7.2% £135 3% 5.7% Provincial - rental properties 104.0 RICS Red Book Net rental income (£ per week) Estimated rental growth (% p.a.) Discount rate (yield) (%) £103-£162 2% - 3% 7.0% - 21.7% £136 3% 8.9% London - development properties 86.2 RICS Red Book Estimated cost to complete (£m) Estimated rental growth (% p.a.) Discount rate (yield) (%) £102.2m-£177.1m 3% 4.0% £150.1m 3% 4.0% Prime regional - development properties 57.0 RICS Red Book Estimated cost to complete (£m) Estimated rental growth (% p.a.) Discount rate (yield) (%) £50.0m - £52.0m 3.0% 4.4%-5.2% £51.4m 3% 4.7% Major regional - development properties 22.0 RICS Red Book Estimated cost to complete (£m) Estimated rental growth (% p.a.) Discount rate (yield) (%) £19.4m - £124.1m 3% 5.2% £97.6m 3% 5.2% 3,826.1 Investment property (BTR) 66.9 RICS Red Book Net rental income (£ per week) Estimated rental growth (% p.a.) Discount rate (yield) (%) £412 3% 4.1% £412 3% 4.1% Development property (BTR) 9.5 RICS Red Book Estimated cost to complete (£m) Estimated rental growth (% p.a.) Discount rate (yield) (%) £12.6m 3% 4.4% £12.6m 3% 4.4% 3,902.5 Investment property - leased 84.7 Discounted cash flows Net rental income (£ per week) Estimated rental growth (% p.a.) Discount rate (yield) (%) £106 - £207 1.8% - 2.7% 6.3% £168 2.3% 6.3% Fair value at 31 December 2023 3,987.2