Unibail-Rodamco-Westfield : Encouraging figures but efforts to reduce US exposure need to be watched closely
>Adjusted recurring EPS at € 4.95 vs € 4.14e, KPIs greatly improved - URW released its H1 2022 figures this morning at 8.15am, with adjusted recurring EPS reaching € 4.95 in H1 (+53.1% y-o-y) vs a full-year guidance range of € 8.20-8.40. This performance reflects the following: 1/ the shopping centre activities are returning to normal, especially in Europe, as expected; and 2/ a one-off effect was generated from the collection of additional rents from 2020 and 2021: §...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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