Report
Florent Laroche-Joubert

Unibail-Rodamco-Westfield : A positive signal with the resumption of the dividend at € 2.50/share and a good operational performance still on a positive trend

>Adjusted recurring EPS at € 9.62 (+3.3%) vs the consensus at € 9.50 and a marked improvement in KPIs - This morning, URW published adjusted recurring EPS for 2023 of € 9.62 (+3.3% y-o-y) vs guidance for equal to "at least € 9.50" and the consensus forecast of € 9.50, which reflects the continuation of a post-health crisis recovery still on a very positive trend in all of the group’s regions and an improvement in all of its KPIs and metrics:Retail tenants’ sales ...
Underlying
Unibail-Rodamco-Westfield SE Stapled Secs Cons of 1 Sh Unibail Rodamco + 1 Sh WFD Unib Rod

Unibail-Rodamco is a commercial property operator, investor and developer. Co. is operationally organized in six geographical regions: France, Spain, Central Europe, Austria, the Nordics and The Netherlands. Its activities are divided into three business lines or segments: Shopping Centres, Offices and Convention & Exhibition. Co.'s Shopping Centres segment focuses primarily on the retail sector; the Offices segment takes care of office assets that are mainly located in the Parisian Central Business District; and the Convention-Exhibitions segment consists of a real estate venues and operations organization, and trade show organization.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Florent Laroche-Joubert

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch