Report
Tony Sherlock
EUR 100.00 For Business Accounts Only

The major challenge faced by Unibail is the growth in proportion of sales conducted online

(Correction applies to EPS and DPS calculations.) We initiate coverage of Australian Chess Depository Interests, or CDIs, of Unibail-Rodamco a France-based REIT that recently merged with Westfield Corporation. We ascribe Unibail's CDIs a narrow moat rating and expect no major changes in the company's competitive positioning. The moat source is efficient scale, which is where a market is effectively serviced by existing players and potential competitors are dissuaded from entering as doing so wou...
Underlying
UNIBAIL-RODAMCO-WESTFIELD

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Tony Sherlock

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