Report
Joan Sehim

Unibail-Rodamco-Westfield : Les cessions peuvent attendre

Unibail-Rodamco-Westfield (URW) attaque l’année 2024 dans une position beaucoup plus forte qu’il y a un an. D’une part, les centres commerciaux résistent bien à l’environnement macroéconomique et disposent de plusieurs leviers de croissance (nouvelles ouvertures et JO 2024). D’autre part, l’amélioration des ratios de crédit et le retour réussi sur le primaire (offre d’échange en juin, nouvelle émission en décembre) lui permettent de relâcher la pression sur les cessions d’actifs ...
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
Joan Sehim

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