2.3b) Movement in EPRA NTA during the year continued 2024 * Investment property gains (owned) includes gains on assets classified as held for sale in the IFRS balance sheet. The £2.4 million Other balance within the Unallocated segment includes the purchase of own shares of (£1.5 million), contributions to the Unite Foundation and other social causes of (£0.6 million) and tax credits of £2.6 million. 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 163.5 21.7 25.8 47.5 211.0 Add back amortisation of intangibles 3.3b 4.0 - - - 4.0 Total Operations 167.5 21.7 25.8 47.5 215.0 Property Rental growth 269.6 29.7 46.4 76.1 345.7 Yield movement (107.0) (2.8) (4.3) (7.1) (114.1) Disposal (losses) (5.5) (2.4) - (2.4) (7.9) Investment property gains (owned)* 157.1 24.5 42.1 66.6 223.7 Investment property loss (leased) 3.1 (1.9) - - - (1.9) Disposals losses investment property (leased) (4.3) - - - (4.3) Investment property gains (under development) 3.1 24.1 - - - 24.1 Pre-contract/other development costs 2.2a (3.8) - - - (3.8) Total Property 171.2 24.5 42.1 66.6 237.8 Unallocated Shares issued 442.1 - - - 442.1 Investment in joint ventures 28.3 (18.7) (9.6) (28.3) - Dividends paid (137.8) - - - (137.8) Swap cancellation and debt break costs (3.5) - - - (3.5) Purchase of intangibles (5.1) - - - (5.1) Share-based payment charge (2.4) - - - (2.4) Other 2.5 (3.4) (1.5) (4.9) (2.4) Total Unallocated 324.1 (22.1) (11.1) (33.2) 290.9 Total EPRA NTA movement in the year 662.8 24.1 56.8 80.9 743.7 Total EPRA NTA brought forward 2,825.0 580.2 609.5 1,189.7 4,014.7 Total EPRA NTA carried forward 3,487.8 604.3 666.3 1,270.6 4,758.4 THE UNITE GROUP PLC Annual Report and Accounts 2025 159