French real estate company Unibail-Rodamco-Westfield (UNBLF, UNRDY) Thursday reported nine-month revenues of 2.415 billion euros, up 4% from 2.321 billion euros last year.
Shopping centers inched up 0.8% to 1.838 billion euros, while office and others gained 19.7% 97.5 million euros. Convention and exhibition surged 48.8% to 318.6 million euros, while property services and other activities revenues gained 5% to 126.6 million euros.
Commenting on the results, Jean-Marie Tritant, Chief Executive Officer, said:"Thanks to continued strong operating performance, with a positive turnover trend across all activities, URW now expects to meet the higher end of its earnings guidance for 2024. This performance is supported by a dynamic leasing activity as retailers' sales continue to be strong in URW's shopping centres. It also reflects the growth of our European retail media activity, on track to achieve €75 million of net margin this year."
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.