Report
Florent Laroche-Joubert

Unibail-Rodamco-Westfield : Encouraging signs and challenges as part of a medium-term trajectory that is maintained!

>In the short term, encouraging signs even though there are still challenges to be met - Yesterday evening, URW reported Q1 2021 revenues of € 567m (-41% y-o-y) reflecting as expected activity that was largely affected by the health crisis as well as the effects of the disposals carried out in 2020.As detailed on the following page and in line with our expectations, we see in the details of the indicators provided both encouraging signs with a view to the post-CO...
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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