Unibail-Rodamco-Westfield : Operating momentum beats forecasts but less visibility on deleveraging
>Guidance raised based on a performance that was better than expected - URW reported yesterday evening 9M 2022 sales of € 2,733.2m (+20.8% y-o-y) that reflects the continuing brisk recovery in activity at shopping centres as well as a particularly robust leasing activity.Retailer sales in Q3 at 103% vs 2019: URW confirmed here, as we expected, the trend observed in H1 with retailer sales now higher in the same period than in 2019 for the last 6 months (of which S...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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