Report
Florent Laroche-Joubert

Unibail-Rodamco-Westfield : Time is Unibail-Rodamco-Westfield’s best ally

>Strategy based on deleveraging and streamlining the portfolio - Following the acquisition of Westfield, Unibail-Rodamco-Westfield is today focused on a strategy of deleveraging and portfolio streamlining, and the management clarified the short1e and medium-term financial targets in its most recent presentation. The goals are mainly: 1/ double the size of the disposal plan (€ 6bn vs € 3bn); 2/ lower the target LTV ratio from 351e45% to 301e40%; and 3/ adjust accordingly ...
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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