Westfield’s U.S. Regional Malls Face Structural Challenges; FVE Reduced to AUD 8.70
Westfield Corporation reported first-half 2017 funds from operations of USD 16.5 cents per security, and reiterated guidance for full year FFO of USD 33.8-34.0 cents per security, with a stronger second half expected due to the commencement of developments. We have reduced our rental growth assumptions and occupancy outlook for the firm’s regional assets (17% of total), which results in a 2% reduction in our fair value estimate to AUD 8.70 from AUD 8.90. With narrow-moat-rated Westfield trading ...Westfield is engaged in the ownership, development, design, construction, asset management, leasing and marketing activities with respect to its U.S. and U.K. portfolio. Co.'s operational segment comprises the property investment and the property and project management segments. Property investments segment includes activities related to existing shopping centres and completed developments. Property and project management segment includes property management and development for third parties.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.