Report
Joan Sehim

Unibail-Rodamco-Westfield : Nous passons à l’achat sur l’hybride call/2023 après le récent sell-off

Unibail-Rodamco-Westfield (URW) a de nouveau progressé en 2022 avec une normalisation de son activité et une amélioration de ses ratios et de sa liquidité, favorisant un meilleur positionnement au sein de ses notations. Cependant, avec un marché des investisseurs complètement à l’arrêt, l’essentiel des cessions d’actifs visées ne devrait pas se matérialiser en 2023, laissant planer un doute sur le futur de l’hybride call/2023 (refinancement ou extension en octobre prochain). L’ém...
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

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch