Report
Florent Laroche-Joubert

Unibail-Rodamco-Westfield : An encouraging recovery and attention focused on post COVID-19

>An encouraging pick-up in activity post-lockdown - We organised a group conference call this week with Samuel Warwood (Head of Investor Relations) and Maarten Otte (Investor Relations). The gradual reopening of URW’s shopping centres shows encouraging signs of recovery. 1/ I Europe, more than 90% of URW’s retailers have now been able to reopen and the most recent footfall figures point to levels close to a normal situation two to three weeks after reopening...
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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