Report
Florent Laroche-Joubert

Unibail-Rodamco-Westfield : Investor days on 13 and 14 June: progress report amid rationalisation

>Stock-market performance in May: greater exposure to trade tensions between US and China than its European peers - The share performance of Unibail-Rodamco-Westfield (URW) in May was particularly affected by the flare-up in trade friction between the US and China. With exposure of over 20% to the US market, the URW share thus underperformed its main European peers even though it has shown greater capacity for resilience compared to its main American peers. We think t...
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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