Unibail-Rodamco-Westfield : An attractive entry point vs strong operating momentum An attractive entry point vs strong operating momentum
>Further strong operating momentum in 9M 2023 - The 9M 2023 figures reported by URW (i.e. revenue of € 2,784.8m; +1.9% yoy) reflect the ongoing and very robust recovery from the health crisis. They include organic growth of 11.5% yoy in gross rental income, in line with the trend seen in H1 2023, and a good ability to pass inflation through to tenants: Retailers’ 9M 2023 sales up 7.9% yoy vs +9.2% in H1 2023: retailers sales remain on a positive trend, i.e. +9.7%...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.
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.
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