Full Year 2024 Unibail-Rodamco-Westfield SE Earnings Call Transcript

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Feb 13, 2025

Feb 13, 2025 / 09:00AM GMT
Jean-Marie Tritant - Unibail-Rodamco-Westfield SE - Chairman of the Management Board, Chief Executive Officer

Good morning and welcome to Unibail Rodamco Westfield's full year results presentation. 2024 was a year of strong operating performance across all activities. Our shopping centers delivered increased footfall and higher attendant sales. Group occupancy is now at its highest level since 2017, thanks to strong leasing activity with a focus on high value long term deals.

Convention and exhibition delivered record results as our [VPAR] venues hosted events and operational hubs for the Paris Olympic and Paralympic Games. Offices NRI grew by double digits, thanks to the full leasing of the Trinity tower and the successful delivery of Lightwell both in [Paris la de] France.

And that's Westfield Rise, our retail media agency, we achieved the 2024 net margin target of EUR75 million set in 2022. Since the start of 2024, we have successfully completed or secured EUR1.6 billion of disposals at book value delivering on the discussions that we referenced at the half year. And

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