Unibail-Rodamco-Westfield : Rising rates challenges US asset sales and valuations
Unibail-Rodamco-Westfield (URW) has almost regained a normalised activity level, after two years of closures and rent reliefs. However, the company, alongside the whole property sector, will have to face another challenge coming from inflation and rising interest rates. This will inevitably have an impact on the rental base, portfolio valuation as well as the group’s investment and refinancing power, but URW has several strengths and levers which should help limit the effects (on...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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