UNBLF News and Press, Unibail-Rodamco Se From 07/29/22

Unibail-Rodamco-Westfield just reported a very strong first half of 2022. Lease renewals are seeing a positive uplift. Minimum guaranteed rent for all deals signed was +2.7%, and +11.8% for longer duration deals. Occupancy continues to improve for the company, particularly in the ...

U.S. equity markets posted solid gains this past week as decent employment data eased concerns over a "hard landing"- for the U.S. economy at least- sparking a bid for risk assets. Recording just its third weekly gain in the past fourteen weeks, the S&P 500 advanced 1.9% on the we...

Q1 2022 tenant sales at 93% of 2019 levels, with upward momentum in March (95%). However, footfall lags behind at 82% (March 84%). The company confirmed 8.2-8.4 EUR/share Adjusted Recurring Earnings Per Share (AREPS) guidance despite disposals. AREPS could take a hit of about 2.5 ...

Unibail-Rodamco-Westfield (OTCPK:UNBLF) shares fell by ~8% after the real estate investment trust said it will sell the high-street retail asset Almere Centrum in The Netherlands for €155M. The company has signed an agreement with a group of private investors led by the UMB Group. The ...

One step forward, one back. After nearly doubling in value last year, Mall REITs have been the worst-performing major property sector in 2022 as the stimulus-fueled retail strength has stalled. The tech wreck has spilled over to become the retail wreck in recent weeks. Retail stocks a...

Unibail-Rodamco-Westfield (OTCPK:UNBLF) inks an agreement with an institutional investor for the sale of Gera Arcaden, in Germany, for an agreed cost of €116M (at 100%, URW share 51%), which represents a premium to the last appraised value. The deal is expected to complete in Q2-2...

Unibail-Rodamco-Westfield expects tenant sales to return to pre-COVID levels in 2022, occupancy and variable income in the course of 2023, and retail NRI on a run rate basis in 2023. URW is one of the cheapest European REITs in terms of cash flow multiple, only 8.3 times its 8.20-8.40...

Unibail bit off more than it could chew with the Westfield acquisition pre-COVID. The COVID pandemic has only made things worse, and Unibail won't pay a dividend for the next few years. The dividend suspension is a good move as Unibail will retain several billions of euros to stre...

The following slide deck was published by Unibail-Rodamco-Westfield SE in conjunction with their 2021 Q4 earnings call. For further details see: Unibail-Rodamco-Westfield SE 2021 Q4 - Results - Earnings Call Presentation

Unibail-Rodamco-Westfield SE (UNBLF) Full Year 2021 Results Earnings Conference Call February 10, 2022 3:30 AM ET Company Participants Jean-Marie Tritant – Chief Executive Officer Fabrice Mouchel – Chief Financial Officer Conference Call Participants Florent Laroche-Joubert ...