Report
Florent Laroche-Joubert

Unibail-Rodamco-Westfield : Encouraging figures, in line with peers and the mid-term targets

>An encouraging and agile upturn achieved by URW’s teams - URW’s operating performance was encouraging in the month of June, very robust in the USA, in line in Continental Europe and still negative in the UK. It also shows how agile URW’s teams have been in maintaining occupancy rates as far as possible and in keeping the group’s shopping centres attractive for their tenants with short-term leases:Tenant sales in June 2021 corresponded to 91% of their June 2019 l...
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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