FINANCIAL RECORD (unaudited) 2025 EPRA earnings (£m) 218 EPRA earnings per share (pence) 45 Adjusted earnings (£m) 232 Adjusted earnings per share (pence) 48 IFRS profit/(loss) before tax (£m) 98 IFRS profit/(loss) per share (pence) 20 EPRA net tangible assets (NTA) (£m) 4,685 EPRA NTA per share (pence) 955 IFRS net assets (£m) 4,734 IFRS NAV per share (pence) 968 LTV (%) 27% Managed portfolio value (£m) 9,227 Total accounting return (TAR) 2.1% 2024 2023 2022 2021 202 176 157 152 44 42 39 38 214 184 163 110 47 44 41 28 442 103 351 342 96 25 88 86 4,758 4,015 3,717 3,532 972 920 927 882 4,812 4.067 3,788 3,528 982 931 944 880 24% 28% 31% 29% 8,938 8,663 8,522 8,108 9.6% 2.9% 8.10% 10.20% THE UNITE GROUP PLC Annual Report and Accounts 2025 209