Unibail-Rodamco-Westfield : Sustained recovery offering improved visibility on the future
>Continuation of a sustained recovery, encouraging for the future - URW yesterday evening reported Q1 2022 turnover of € 897m (+34.2% yoy; +9.9% qoq) reflecting a sustained recovery in trading in its shopping centres over the quarter and encouraging for the quarters to come:Tenant sales were at 93% of Q1 2019 levels and 95% in March: this performance confirms the continuation of the positive trend observed in H2 2021 (93% of H2 2019 levels). It also reflects pers...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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