(CercleFinance.com) – Unibail-Rodamco-Westfield (URW) publishes a turnover (IFRS) of 2,322 ME for the first nine months of the year, up 3.7% compared to the same period. year earlier (+11.7% at constant scope).
Activity (IFRS) is growing in all divisions with +6% for Shopping Centers, +12.4% for Offices & Other, +5.6% for Congresses and Exhibitions as well as +5.3% for Real estate services and other activities.
‘We have made further progress in deleveraging thanks to asset sales in the United States and Europe, and continue to benefit from a low and controlled cost of debt as well as liquidity greater than 36 months’ , adds Jean-Marie Tritant, the general director.
Concretely, URW has 13.2 billion euros of cash and available credit lines.
Strong leasing activity during the first 9 months of 2023 confirms continued retailer demand for URW locations, with 1,685 transactions signed in 9M-2023, up +5.5% year-on-year.
In this context, URW is targeting a 2023 Adjusted Recurring Earnings per Share (AREPS) of at least 9.50 euros.
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