Report
Florent Laroche-Joubert

Unibail-Rodamco-Westfield : Operating performance still on a positive trend in H1 2024

>Underlying EPS adjusted at € 5.14 (-2.7% y-o-y) in line with guidance - URW reported this morning adjusted underlying EPS for H1 2024 at € 5.14 (-2.7% y-o-y) broadly in line with our forecasts at € 5.08 est. and the consensus at € 5.22, which reflects a continuing positive trend in activity like for the previous publications:Retail tenants sales up 4.2% y-o-y (vs +6.4% y-o-y at 12M 23): retailer sales remained on a positive trend with notably +3.9% y-o-y in main...
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
Florent Laroche-Joubert

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