Latest news with #UnibailRodamcoWestfield
Yahoo
31-07-2025
- Business
- Yahoo
UNIBAIL-RODAMCO-WESTFIELD REPORTS H1-2025 EARNINGS
Paris, July 31, 2025 Press release UNIBAIL-RODAMCO-WESTFIELD REPORTS H1-2025 EARNINGS H1-2025 in review: Footfall up +1.6% supporting tenant sales up +3.8% vs. H1-2024 Shopping Centre vacancy at 4.9%, down -60 bps vs. H1-2024 €202 Mn of Minimum Guaranteed Rent (MGR) signed, with +7.1% uplift on top of indexed passing rents, including +11.6% on long-term deals representing 80% of the leasing activity Shopping Centres Net Rental Income (NRI) at €1,078 Mn, up +1.2% including +4.1% on a like-for-like basis5 EBITDA of €1,183 Mn, down -1.1% including +4.1% on a like-for-like basis1 +1.2% increase in portfolio valuation3 vs. FY-2024, incl. +1.4% in Europe and +0.4% in the US €1.6 Bn of disposal transactions4 completed or secured IFRS LTV including hybrid at 44.7%, improving by -80 bps vs. FY 2024 and -120 bps on a proforma basis6 Net Debt to EBITDA including hybrid improving to 9.2x, down from 9.5x in 2024 Reduction, re-couponing and extension of the hybrid stack $1.2 Bn CMBS7 refinancing at improved conditions (c. -190 bps coupon improvement) H1-2025 AREPS at €5.11, down by -0.6% mainly due to disposals and an increase in the number of shares IFRS net result8 of +€698 Mn (+€72 Mn in H1-2024), supported by like-for-like performance and revaluation Commenting on the results, Jean-Marie Tritant, Chief Executive Officer, said: 'Our H1 results show the continued strong performance of our dominant retail assets in the best European and US markets and are fully aligned with the four-year growth trajectory presented at our Investor Day in May. Sales, footfall and leasing activity are in line with expectations, and we continue to outperform the wider market. The Group's Shopping Centre portfolio was also revalued upwards in both Europe and the US. We are pleased with the commercial success of Westfield Hamburg-Überseequartier following the retail opening in April, and continue working on the phased delivery of the project's offices and hotels. We have also launched a licensing business to generate new revenues and support the international expansion of the powerful Westfield brand, and announced a strategic partnership with Cenomi Centers within the Kingdom of Saudi Arabia. Since January, we have completed or secured €1.6 Bn of disposals which includes c. €0.6 Bn subject to customary conditions precedent, and are on track to achieve €2.2 Bn of planned disposals by early 2026. We expect full year AREPS to be at the upper end of our guidance, based on strong H1 performance, our confidence for H2, our successful refinancing activity and disposal achievements. We confirm that we will propose a 4.50 euros per share distribution for fiscal year 2025, part of planned cumulative distributions of at least €3.1 Bn euros for fiscal years 2025-28.' FINANCIAL SCHEDULE The next financial event on the Group's calendar will be: October 23, 2025: Q3-2025 trading update (after market close) For further information, please contact: Investor Relations Meriem Delfi+33 7 63 45 59 77 – Juliette Aulagnon+33 6 15 74 20 43 – Imane Rafiky+33 6 10 95 86 88 – Media Relations UK/Global:Cornelia Schnepf – Finelk+44 7387 108 998 – France:Etienne Dubanchet – PLEAD +33 6 62 70 09 43 – About Unibail-Rodamco-Westfield Unibail-Rodamco-Westfield is an owner, developer and operator of sustainable, high-quality real estate assets in the most dynamic cities in Europe and the United States. The Group operates 66 shopping centres in 11 countries, including 40 which carry the iconic Westfield brand. These centres attract over 900 million visits annually and provide a unique platform for retailers and brands to connect with consumers. URW also has a portfolio of high-quality offices, 10 convention and exhibition venues in Paris, and a €1.9 Bn development pipeline of mainly mixed-use assets. Its €49 Bn portfolio is 88% in retail, 5% in offices, 6% in convention and exhibition venues, and 2% in services (as at June 30, 2025). URW is a committed partner to major cities on urban regeneration projects, through both mixed-use development and the retrofitting of buildings to industry-leading sustainability standards. These commitments are enhanced by the Group's Better Places plan, which strives to make a positive environmental, social and economic impact on the cities and communities where URW operates. URW's stapled securities are listed on Euronext Paris (Ticker: URW), with a secondary listing in Australia through Chess Depositary Interests up until the delisting from the ASX which is scheduled to occur on August 27, 2025. The Group benefits from a BBB+ rating from Standard & Poor's and from a Baa2 rating from Moody's. For more information, please visit 1 Excluding the impact of disposals, pipeline, Design, Development & Construction (DD&C), FX and the impact of the Olympics.2 Kingdom of Saudi Arabia.3 Net of investments, disposals and FX impact. 4 In terms of contribution to proportionate net debt reduction. Including c. €0.6 Bn of disposals secured in July subject to customary conditions precedent.5 Shopping Centres Lfl NRI excluding airports, US Regionals and CBD asset.6 Proforma for the receipt of the proceeds from c. €0.6 Bn secured disposals, net of cash impact of PEAB settlement (see V. Post Closing Events in the appendix of this press release).7 Commercial Mortgage-Backed Securities. 8 IFRS net result including recurring and non-recurring (including gains or losses on disposals, mark-to-market of assets and financial derivatives, etc.). Attachment 2025 Half-Year Results
Yahoo
31-07-2025
- Business
- Yahoo
UNIBAIL-RODAMCO-WESTFIELD REPORTS H1-2025 EARNINGS
Paris, July 31, 2025 Press release UNIBAIL-RODAMCO-WESTFIELD REPORTS H1-2025 EARNINGS H1-2025 in review: Footfall up +1.6% supporting tenant sales up +3.8% vs. H1-2024 Shopping Centre vacancy at 4.9%, down -60 bps vs. H1-2024 €202 Mn of Minimum Guaranteed Rent (MGR) signed, with +7.1% uplift on top of indexed passing rents, including +11.6% on long-term deals representing 80% of the leasing activity Shopping Centres Net Rental Income (NRI) at €1,078 Mn, up +1.2% including +4.1% on a like-for-like basis5 EBITDA of €1,183 Mn, down -1.1% including +4.1% on a like-for-like basis1 +1.2% increase in portfolio valuation3 vs. FY-2024, incl. +1.4% in Europe and +0.4% in the US €1.6 Bn of disposal transactions4 completed or secured IFRS LTV including hybrid at 44.7%, improving by -80 bps vs. FY 2024 and -120 bps on a proforma basis6 Net Debt to EBITDA including hybrid improving to 9.2x, down from 9.5x in 2024 Reduction, re-couponing and extension of the hybrid stack $1.2 Bn CMBS7 refinancing at improved conditions (c. -190 bps coupon improvement) H1-2025 AREPS at €5.11, down by -0.6% mainly due to disposals and an increase in the number of shares IFRS net result8 of +€698 Mn (+€72 Mn in H1-2024), supported by like-for-like performance and revaluation Commenting on the results, Jean-Marie Tritant, Chief Executive Officer, said: 'Our H1 results show the continued strong performance of our dominant retail assets in the best European and US markets and are fully aligned with the four-year growth trajectory presented at our Investor Day in May. Sales, footfall and leasing activity are in line with expectations, and we continue to outperform the wider market. The Group's Shopping Centre portfolio was also revalued upwards in both Europe and the US. We are pleased with the commercial success of Westfield Hamburg-Überseequartier following the retail opening in April, and continue working on the phased delivery of the project's offices and hotels. We have also launched a licensing business to generate new revenues and support the international expansion of the powerful Westfield brand, and announced a strategic partnership with Cenomi Centers within the Kingdom of Saudi Arabia. Since January, we have completed or secured €1.6 Bn of disposals which includes c. €0.6 Bn subject to customary conditions precedent, and are on track to achieve €2.2 Bn of planned disposals by early 2026. We expect full year AREPS to be at the upper end of our guidance, based on strong H1 performance, our confidence for H2, our successful refinancing activity and disposal achievements. We confirm that we will propose a 4.50 euros per share distribution for fiscal year 2025, part of planned cumulative distributions of at least €3.1 Bn euros for fiscal years 2025-28.' FINANCIAL SCHEDULE The next financial event on the Group's calendar will be: October 23, 2025: Q3-2025 trading update (after market close) For further information, please contact: Investor Relations Meriem Delfi+33 7 63 45 59 77 – Juliette Aulagnon+33 6 15 74 20 43 – Imane Rafiky+33 6 10 95 86 88 – Media Relations UK/Global:Cornelia Schnepf – Finelk+44 7387 108 998 – France:Etienne Dubanchet – PLEAD +33 6 62 70 09 43 – About Unibail-Rodamco-Westfield Unibail-Rodamco-Westfield is an owner, developer and operator of sustainable, high-quality real estate assets in the most dynamic cities in Europe and the United States. The Group operates 66 shopping centres in 11 countries, including 40 which carry the iconic Westfield brand. These centres attract over 900 million visits annually and provide a unique platform for retailers and brands to connect with consumers. URW also has a portfolio of high-quality offices, 10 convention and exhibition venues in Paris, and a €1.9 Bn development pipeline of mainly mixed-use assets. Its €49 Bn portfolio is 88% in retail, 5% in offices, 6% in convention and exhibition venues, and 2% in services (as at June 30, 2025). URW is a committed partner to major cities on urban regeneration projects, through both mixed-use development and the retrofitting of buildings to industry-leading sustainability standards. These commitments are enhanced by the Group's Better Places plan, which strives to make a positive environmental, social and economic impact on the cities and communities where URW operates. URW's stapled securities are listed on Euronext Paris (Ticker: URW), with a secondary listing in Australia through Chess Depositary Interests up until the delisting from the ASX which is scheduled to occur on August 27, 2025. The Group benefits from a BBB+ rating from Standard & Poor's and from a Baa2 rating from Moody's. For more information, please visit 1 Excluding the impact of disposals, pipeline, Design, Development & Construction (DD&C), FX and the impact of the Olympics.2 Kingdom of Saudi Arabia.3 Net of investments, disposals and FX impact. 4 In terms of contribution to proportionate net debt reduction. Including c. €0.6 Bn of disposals secured in July subject to customary conditions precedent.5 Shopping Centres Lfl NRI excluding airports, US Regionals and CBD asset.6 Proforma for the receipt of the proceeds from c. €0.6 Bn secured disposals, net of cash impact of PEAB settlement (see V. Post Closing Events in the appendix of this press release).7 Commercial Mortgage-Backed Securities. 8 IFRS net result including recurring and non-recurring (including gains or losses on disposals, mark-to-market of assets and financial derivatives, etc.). Attachment 2025 Half-Year Results
Independent Singapore
08-07-2025
- Business
- Independent Singapore
Property giant CDL is the only Singapore-headquartered company among the world's 100 most sustainable companies in 2025
Photo: Facebook/City Developments Limited SINGAPORE: Property giant City Developments Limited (CDL) ranked 77th among the world's 100 most sustainable companies in 2025 and was the only Singapore-headquartered company listed, according to TIME and data firm Statista . CDL earned a sustainability score of 73.79, placing it alongside the only other real estate companies on the list—France's Unibail-Rodamco-Westfield (74.81), the US' CBRE (73.49), and Belgium's WDP (72.72). The top five ranked firms this year include France's Schneider Electric, Spain's Telefónica, Australia's Brambles, Switzerland's Temenos, and Italy's Moncler. Over 5,000 of the world's largest and most influential companies were assessed using their 2023 performance data—the most recent year for which complete data are available—based on factors such as revenue, market capitalisation, and public prominence. According to Time , the list was narrowed down to the top 500 companies through a 'rigorous 4-step methodology' and more than 20 key data points: excluding non-sustainable businesses, assessing companies' sustainability ratings and commitments, evaluating the availability and quality of their sustainability reports, and reviewing their environmental and social Key Performance Indicators (KPIs) in Corporate Social Responsibility (CSR) reports. Singapore Business Review reported that CDL has been focusing on low-carbon construction, energy-efficient buildings, and climate risk disclosures, in line with Singapore's Green Plan 2030. /TISG Read also: Singapore among top market choices for high-net-worth investors globally () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
Yahoo
26-05-2025
- Business
- Yahoo
Wereldhave announces first joint venture, with Sofidy (Tikehau Group), acquiring shopping center Stadshart Zoetermeer in the Netherlands
Wereldhave and Sofidy (Tikehau Group), a leading European real estate investment and asset management firm, have partnered on the acquisition of shopping center Stadshart Zoetermeer, and parking garages, in Zoetermeer, the Netherlands, from Unibail-Rodamco-Westfield. The asset has a total gross lettable area of approximately 59,000 m² (excluding parking). This acquisition marks Wereldhave's first joint venture and aligns fully with the company's strategy and acquisition criteria. Wereldhave will act as asset, property and leasing manager with the view to enhance the value for all stakeholders through its proficient Dutch asset management platform and by implementing its LifeCentral strategy. The total purchase price amounts to € 150m (€ 165.6m including transaction taxes) with Wereldhave investing a 15% equity stake. The joint venture is partly (40% loan-to-value) financed through a secured green five-year loan from a leading Dutch bank. The transaction will have a positive annualized impact on Wereldhave's Direct Result Per Share (DRPS) of € 0.04. Matthijs Storm, CEO of Wereldhave commented: 'We are proud to take this step together with Sofidy, marking the first joint venture as part of our recently reported new management agenda 2025-2027. This partnership allows us to leverage our management expertise while investing a minority stake, in line with our strategy of value creation through active asset management.' The transaction is scheduled to close at the end of the second quarter of 2025. About shopping center Stadshart Zoetermeer Stadshart Zoetermeer is a prime mixed-use shopping center including high street and daily-life retail, F&B operators, services, ancillary office space as well as various parking garages. The center comprises of ca. 59,000 m² GLA (excluding parkings) and is located in the city center of Zoetermeer, a growing urbanization in the heart of the Randstad, very well-connected to The Hague and Rotterdam. The center, with over 110 tenants, is anchored by a strong mix of international and national brands, including Albert Heijn, Hema, MediaMarkt, Kruidvat, Primark, JD Sports, TK Maxx, H&M, MS Mode, and more. Stadshart Zoetermeer attracts over 8 million visitors annually, making it a key retail destination in the region About Sofidy (Tikehau Group) Sofidy is a leading European real estate investment and asset management firm. The company manages several real estate investment funds throughout Europe mainly dedicated to retail and office properties. Approved by the AMF (the French financial markets regulator), Sofidy is wholly owned by the Tikehau Group, listed on Paris stock exchange. Attachment PR 26-5-2025 - Wereldhave announces first JV with Sofidy acquiring Stadshart ZoetermeerError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
21-05-2025
- Business
- Business Insider
Kepler Capital Sticks to Its Buy Rating for Unibail Rodamco Westfield (1BR1)
Kepler Capital analyst Frederic Renard maintained a Buy rating on Unibail Rodamco Westfield (1BR1 – Research Report) on May 19 and set a price target of €100.00. The company's shares closed last Monday at €75.58. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Renard is ranked #6552 out of 9519 analysts. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Unibail Rodamco Westfield with a €92.41 average price target, which is a 22.27% upside from current levels. In a report released on May 19, Jefferies also maintained a Buy rating on the stock with a €100.00 price target. Based on Unibail Rodamco Westfield's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €1.64 billion and a net profit of €74.5 million. In comparison, last year the company earned a revenue of €1.47 billion and had a GAAP net loss of €1.09 billion Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 1BR1 in relation to earlier this year.
