WFD Unibail Rodamco

Unibail-Rodamco-Westfield reports for 2025 the lowest EPRA vacancy rate since 2017 at 4.6% (Europe 3.3%, USA 6.3%) and strong operating metrics: tenant sales +3.9% and footfall +1.9%. Adjusted recurring earnings per share (AREPS) were €9.58 (-3% due to disposals of €1.6bn) and EPRA NTA rose to €112.80 (+1.6%). The company proposes a dividend of €4.50 per share (≈+30%) and gives an AREPS guidance for 2026 of €9.15–9.30 as well as a planned distribution of €5.50 (around 60%). Target disposals of €2.2bn for mid-2026 have already been achieved. » More on de.investing.com

Unibail-Rodamco-Westfield reports a marked increase in customer traffic since Black Friday and strong Advent trading at Donau Zentrum and SCS. Around 30–40% of the centres' annual sales occur in November and December; the company expects annual sales to be roughly 4% above inflation. Central Europe head Paul Douay attributes the success to site architecture, accessibility, an exclusive store mix and the expansion of dining and leisure offerings; tenants also commit to regular renewals and part of the rents are turnover-based. » More on kurier.at

Unibail-Rodamco-Westfield delivered H1 2025 with an AREPS of €5.11 and confirmed the full-year forecast at the top end of the €9.30–€9.50 range. The total portfolio valuation rose by 1.2%, supported by disposals of around €1.6bn and continued deleveraging. Operationally, shopping centres recorded stronger metrics (footfall +1.6%, tenant sales +3.8%, like-for-like NRI +3.6%) and net debt fell to €21.2bn with an improved LTV ratio. Management confirms a dividend of €4.50 per share and sees the positive revaluation as a signal of recovery momentum, but remains cautious about macroeconomic risks. » More on de.investing.com