Unibail-Rodamco-Westfield : Management is confident that it will achieve its 2022 targets
>An operating recovery in line with management’s estimates - We met with Fabrice Mouchel (CFO) and Maarten Otte (HIR) during investor calls on Thursday 28 April following the quarterly results publication (see flash here). The CFO was confident that the operating recovery would continue for the group’s activities based on a strong trend in indicators in Q1 2022, despite a context of higher uncertainty (see the following parges for details).Its shopping centre act...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.
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