Unibail records an increase in sales to €734.5 mln in Q1 – 04/27/2022 at 6:34 pm


April 27 (Reuters) – Unibail-Rodamco-Westfield SE URW.AS:

* REVENUE IN Q1 (IFRS) EUR 734.5 MLNS VS EUR 539.4 MLNS A YEAR AGO

* GROSS RENTAL INCOME IN Q1 (IFRS) EUR 540.0 MLNS VS EUR 388.0 MLNS A YEAR AGO

* COMMERCIAL PARTNERSHIPS INCREASED FROM EUR 10.8 MLNS IN Q1 2021 TO EUR 25.5 MLNS IN Q1 2022

* IN FIRST QUARTER 2022, WE SIGNED MORE CONTRACTS THAN IN FIRST QUARTER 2019, ACHIEVING A +6%-CEO INCREASE

* SUSTAINED RENTAL ACTIVITY WITH 521 TRANSACTIONS SIGNED IN Q1, UP 4% COMPARED TO 2019; THE PROPORTION OF LONG-TERM TRANSACTIONS HAS INCREASED TO 60%

* RENT COLLECTION REACHED 93% FOR THE GROUP IN Q1, AND IS EXPECTED TO CONTINUE TO IMPROVE AS OPERATING CONDITIONS NORMALIZE

* OUTLOOK: THE GROUP CONFIRMS ITS AREPS FORECAST FOR 2022 OF 8.20 TO 8.40 EUROS PER SHARE

* OUTLOOK: THE GROUP CONTINUES TO CLOSELY MONITOR THE POTENTIAL IMPACT OF THE GENERAL ECONOMIC AND GEOPOLITICAL SITUATION ON ITS MARKETS

Original text on Eikon nGNX6j67wt For more details click on URW.AS

(Gdansk Newsroom)



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