Report
Florent Laroche-Joubert

Unibail-Rodamco-Westfield : There will be a tomorrow!

>Solid foundations to weather the coronavirus shock - Whilst the coronavirus epidemic is spreading and beginning to impact consumer behaviour in mainland Europe, the US and the UK, we think that Unibail-Rodamco-Westfield’s foundations are solid enough to weather the crisis and we see management, if needs be, undertaking arbitrage and cost-cutting to achieve the low end of the 2020 guidance range (i.e. net recurring earnings per share of between € 11.90 and € 12.10) fo...
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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