THE UNITE GROUP PLC Annual Report and Accounts 2024 165 2.3b) Movement in EPRA NTA during the year continued 2023 Share of joint ventures Group on EPRA basis Unite Students USAF LSAV Total Total Note £m £m £m £m £m Operations Operations segment result 2.2a 137.8 23.3 24.1 47.4 185.2 Add back amortisation of intangibles 3.3b 5.2 - - - 5.2 Total Operations 143.0 23.3 24.1 47.4 190.4 Property Rental growth 185.2 41.8 56.1 97.9 286.7 Yield movement (215.9) (34.4) (85.7) (120.1) (339.6) Disposal Gains / (losses) 11.8 (3.7) 0.3 (3.4) 8.4 Investment property (losses)/gains (owned)* (18.9) 3.7 (29.3) (25.6) (44.5) Investment property losses (leased) 3.1 (10.4) - - - (10.4) Investment property losses (under development) 3.1 (6.6) - - - (6.6) Pre-contract/other development costs 2.2a (2.8) - - - (2.8) Total Property (38.7) 3.7 (29.3) (25.6) (64.3) Unallocated Shares issued 294.9 - - - 294.9 Investment in joint ventures 27.3 (21.8) (5.5) (27.3) - Dividends paid (117.3) - - - (117.3) Abortive acquisition costs (1.6) - - - (1.6) Share-based payment charge (3.4) - - - (3.4) Other (0.4) (0.2) (0.2) (0.4) (0.8) Total Unallocated 199.6 (22.0) (5.7) (27.7) 172.0 Total EPRA NTA movement in the year 303.9 5.0 (10.9) (6.1) 298.0 Total EPRA NTA brought forward 2,521.1 575.2 620.4 1,195.6 3,716.7 Total EPRA NTA carried forward 2,825.0 580.2 609.5 1,189.7 4,014.7 The £0.8 million Other balance within the Unallocated segment includes the purchase of own shares of (£0.6 million), contributions to the Unite Foundation of (£1.6 million) and tax credits of £1.1 million.