URW: Invest Securities confirms its price target of 85E


(CercleFinance.com) – The analyst indicated this morning that URW published good results for the first half of 2022 confirming the gradual return to normal of the operation of its shopping centers.

‘ Even if some weaknesses persist, the URW centers confirm, at the very least, their resilience with an average positive reversion (+2.7%) and excellent occupancy rates in continental Europe (95.1%) ‘ says Invest Securities.

‘URW has accordingly revised its 2022 RNR guidance upwards (‘at least 8.90E’ vs ‘8.20-8.40E) and the NTA NAV has increased by +3.5% to 127.5E’ .

Invest Securities maintains its Buy recommendation (price target of 85E) pending the update of its forecasts.

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