(CercleFinance.com) – Unibail-Rodamco-Westfield published revenue of 897.1 ME for the 1st quarter of 2022 (non-IFRS data), up 34.2% compared to the same one-year period earlier, and reflecting the post-Covid recovery.
Quarterly gross rental income is up 36%, at 683 ME.
The group reports that it signed a new media contract with Clear Channel France during the quarter and activated a digital outdoor advertising campaign that will better measure the effectiveness of advertising in shopping centers, the behavior of passers-by and assess the sales conversion.
‘During the quarter, we also continued our debt reduction effort with the rationalization of our American portfolio via the sale of the former Promenade Mall land, while in Europe the Group signed an agreement for the sale of Gera Arcaden ‘, underlines the general manager, Jean-Marie Tritant.
For 2022, URW anticipates adjusted net recurring earnings per share of between 8.2 and 8.4 euros.