Report
Florent Laroche-Joubert

Unibail-Rodamco-Westfield : URW as a future pure play in Europe … but it needs to exit the US first

>2024 target: transform URW into a European pure player at the forefront of its sector - URW’s investor day, at the Mall of the Netherlands yesterday, gave clearer visibility on the refocusing and on how it will look in the future in Europe by 2024 and beyond:Becoming a key European pure play again, with similar EBITDA to 2019 and a solid balance sheet: adjusted for the US, URW is expected to operate, based on the 2021 figures, a high-quality European portfolio o...
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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