Jul 27, 2023 / 08:00AM GMT
Jean-Marie Tritant - Unibail-Rodamco-Westfield SE - Chairman of the Management Board & Group CEO
Good morning, and welcome to Unibail-Rodamco-Westfield's 2023 Half Year Results Presentation.
In H1, our operational performance led to strong financial results, supported by higher tenant sales and the effect of indexation. Segments, such as food and beverage, fitness and entertainment, performed particularly well, demonstrating that consumer demand for these discretionary activities most impacted by the pandemic has rebounded.
Leasing activity was robust with a record number of deals on a like-for-like basis. This delivered a double-digit MGR uplift as we continued our strategy to focus on longer-term leases.
We also completed a successful exchange offer on our 2023 hybrid bond, which was a first-of-its kind transaction. 92% of the orders participated and our senior spreads also tightened following the transaction, demonstrating the continued confidence of the debt market in URW.
On the deleveraging front, we secured 7 transactions contributing to a
Half Year 2023 Unibail-Rodamco-Westfield SE Earnings Call Transcript
Feb 15, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers