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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 67 shopping centres in 11 countries, including 39 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 "3.5 Bn development pipeline of mainly mixed-use assets. Its "50 Bn portfolio is 87% in retail, 6% in offices, 5% in convention and exhibition venues, and 2% in services (as at December 31, 2024). 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 shares are listed on Euronext Paris (Ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from a BBB+ rating from Standard & Poor's and from a Baa2 rating from Moody's.
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| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | -1771.20M | 351.20M | -1024.10M | -7955.90M | 40.10M |
| Minority interest | 149.60M | -110.30M | 19.20M | 3413.00M | 3912.90M |
| Net income | -1629.10M | 178.20M | -972.10M | -7212.60M | 1103.30M |
| Selling general administrative | 199.30M | 210.40M | 212.10M | 207.40M | 191.50M |
| Gross profit | 1882.30M | 1885.80M | 1436.90M | 1486.60M | 2125.40M |
| Reconciled depreciation | 49.30M | 15.10M | 9.30M | 73.00M | 28.10M |
| Ebit | -379.10M | 824.90M | -202.10M | -1788.60M | 2189.70M |
| Ebitda | -329.80M | 840.00M | -192.80M | -1715.60M | 2217.80M |
| Depreciation and amortization | 49.30M | 15.10M | 9.30M | 73.00M | 28.10M |
| Operating income | -968.90M | 545.00M | -465.70M | -6956.40M | 781.80M |
| Other operating expenses | 1409.90M | 1360.80M | 1296.40M | 1371.60M | 1466.40M |
| Interest expense | 994.60M | 719.40M | 677.80M | 677.60M | 669.90M |
| Tax provision | 7.40M | 62.70M | -32.90M | -281.10M | -1065.40M |
| Interest income | 472.10M | 326.10M | 1103.10M | 2627.20M | 790.30M |
| Net interest income | -435.20M | -473.40M | -466.80M | -431.50M | -392.40M |
| Income tax expense | 7.40M | 62.70M | -32.90M | -281.10M | -1065.40M |
| Total revenue | 3061.00M | 3003.80M | 2519.70M | 2646.10M | 3380.90M |
| Total operating expenses | 231.20M | 242.80M | 213.60M | 212.10M | 210.90M |
| Cost of revenue | 1178.70M | 1118.00M | 1082.80M | 1159.50M | 1255.50M |
| Total other income expense net | -802.30M | -193.80M | -558.40M | -999.50M | -741.70M |
| Net income from continuing ops | -1778.60M | 288.50M | -991.20M | -7674.80M | 1105.50M |
| Net income applicable to common shares | - | 130.10M | -972.10M | -7212.60M | 1103.30M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 53545.60M | 53578.10M | 54636.00M | 54919.40M | 57277.80M |
| Intangible assets | 840.20M | 829.70M | 820.50M | 844.80M | 876.30M |
| Other current assets | 1815.60M | - | 0.00M | 311.30M | 1038.20M |
| Total liab | 32508.00M | 32810.80M | 31687.70M | 36003.80M | 37895.80M |
| Total stockholder equity | 17670.70M | 17206.80M | 19177.20M | 18915.60M | 19382.00M |
| Other current liab | 1687.20M | 233.10M | 1663.30M | 1722.50M | 1896.70M |
| Common stock | 713.10M | 695.20M | 693.80M | 693.00M | 692.40M |
| Capital stock | 713.10M | 695.20M | 693.80M | 693.00M | 692.40M |
| Retained earnings | 146.20M | -1629.10M | 178.20M | -972.10M | -7212.60M |
| Other liab | - | - | 2283.70M | 2393.50M | 2548.30M |
| Good will | 806.00M | 845.20M | 1079.20M | 1079.20M | 1248.10M |
| Other assets | - | - | 854.80M | 465.20M | 853.30M |
| Cash | 5288.90M | 5502.30M | 3329.10M | 2256.10M | 2137.60M |
| Cash and equivalents | - | - | 3329.10M | 0.10M | -0.10M |
| Total current liabilities | 5174.70M | 3837.10M | 2685.10M | 3557.80M | 4827.40M |
| Current deferred revenue | - | 1467.50M | 1457.10M | 1508.20M | 2052.40M |
| Net debt | 22271.00M | 22392.80M | 23073.70M | 24092.50M | 23251.60M |
| Short term debt | 3247.40M | 1891.50M | 781.30M | 16.40M | 9.80M |
| Short long term debt | 3161.50M | 1835.50M | 725.70M | 1574.00M | 1850.10M |
| Short long term debt total | 27559.90M | 27895.10M | 26402.80M | 27133.50M | 25604.80M |
| Other stockholder equity | 16811.40M | 18140.70M | 18305.20M | 5711.10M | 12421.50M |
| Property plant equipment | - | - | 137.30M | 40143.80M | 41226.90M |
| Total current assets | 7122.10M | 6956.70M | 4458.50M | 3729.50M | 4399.30M |
| Net tangible assets | - | - | 17277.50M | 16991.60M | 17257.60M |
| Short term investments | - | -38449.90M | 1917.30M | 1212.40M | 955.90M |
| Net receivables | 487.90M | 506.50M | 463.90M | 1124.70M | 1191.50M |
| Long term debt | 23419.10M | 25082.60M | 24778.20M | 24774.60M | 24808.20M |
| Inventory | 17.60M | 35.30M | 44.40M | 37.40M | 32.00M |
| Accounts payable | 240.10M | 245.00M | 240.50M | 229.00M | 211.80M |
| Non currrent assets other | 44650.80M | -0.20M | 48116.70M | 49097.70M | 50448.40M |
| Non current assets total | 46423.50M | 46621.40M | 50177.50M | 51189.90M | 52878.60M |
| Capital lease obligations | 979.30M | 977.00M | 898.90M | 784.90M | 828.80M |
| Long term debt total | - | - | 25621.50M | 25527.20M | 25604.80M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -791.40M | 280.80M | 850.50M | 1042.70M | 272.70M |
| Change to liabilities | - | 0.00M | 0.00M | 0.00M | 0.00M |
| Total cashflows from investing activities | - | 280.80M | 620.80M | 81.80M | -416.70M |
| Net borrowings | - | -970.20M | -1605.10M | 1586.80M | 881.60M |
| Total cash from financing activities | 865.40M | -1642.80M | -2243.20M | 116.50M | -1345.90M |
| Change to operating activities | - | 129.40M | 215.20M | 1.10M | -118.00M |
| Net income | -1778.70M | 288.50M | -991.30M | -7674.80M | 1105.50M |
| Change in cash | 2174.90M | 1081.50M | 111.90M | 1641.80M | 117.30M |
| Begin period cash flow | 3321.20M | 2239.70M | 2127.80M | 486.00M | 368.70M |
| End period cash flow | 5496.10M | 3321.20M | 2239.70M | 2127.80M | 486.00M |
| Total cash from operating activities | 2056.50M | 2436.20M | 1720.60M | 1423.10M | 1887.10M |
| Issuance of capital stock | 5.10M | 4.60M | 3.60M | 2.80M | 7.50M |
| Depreciation | 49.30M | 15.10M | 9.30M | 73.00M | 28.10M |
| Other cashflows from investing activities | - | 280.80M | 620.80M | 81.80M | -85.70M |
| Dividends paid | 58.70M | 48.10M | 48.10M | -747.40M | 1493.90M |
| Sale purchase of stock | -174.70M | 48.10M | 48.10M | -0.50M | 3909.80M |
| Other cashflows from financing activities | 1629.50M | 231.60M | 1190.80M | 4944.40M | 56.90M |
| Change to netincome | - | 2064.20M | 2390.00M | 8507.70M | 739.00M |
| Capital expenditures | 0.00M | 0.00M | 0.00M | 671.00M | 568.20M |
| Change in working capital | -43.60M | 129.40M | 215.20M | 1.10M | -118.00M |
| Stock based compensation | 18.90M | 17.80M | 12.50M | 12.80M | 13.80M |
| Other non cash items | 436.10M | 474.00M | 465.90M | 431.50M | 391.70M |
| Free cash flow | 2056.50M | 2436.20M | 1720.60M | 752.10M | 1318.90M |
Sector: Real Estate Industry: REIT - Retail
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| SCG Scentre Group |
0.02 0.57% |
3.53 | 9.47 | 14.14 | 7.31 | 0.97 | 12.67 | 12.03 |
| VCX Vicinity Centres |
- -% |
2.45 | 8.23 | 17.57 | 8.18 | 0.97 | 12.22 | 10.44 |
| RGN Region Group |
0.01 0.42% |
2.38 | 10.24 | 15.90 | 6.91 | 158.26 | 11.00 | 12.63 |
| HDN Homeco Daily Needs REIT |
- -% |
1.19 | 6.88 | 12.74 | 5.93 | 0.74 | 11.29 | 9.44 |
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 67 shopping centres in 11 countries, including 39 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 "3.5 Bn development pipeline of mainly mixed-use assets. Its "50 Bn portfolio is 87% in retail, 6% in offices, 5% in convention and exhibition venues, and 2% in services (as at December 31, 2024). 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 shares are listed on Euronext Paris (Ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from a BBB+ rating from Standard & Poor's and from a Baa2 rating from Moody's.
| Name | Title | Year Born |
|---|---|---|
| Mr. Jean-Marie Tritant | Chairman of the Management Board & Group CEO | 1967 |
| Mr. Fabrice Mouchel | Group CFO & Member of Management Board | 1970 |
| Mr. Olivier Bossard | Chief Investment Officer, Group Chief Devel. Officer & Member of Management Board | 1964 |
| Ms. Catherine Puechoultres | Chief Customer Officer & Member of Management Board | 1969 |
| Mr. Sylvain Montcouquiol | Chief Resources & Sustainability Officer and Member of Management Board | 1974 |
| Audrey Arnoux | Group Director of Investor Relations | NA |
| Mr. David Zeitoun | Exec. MD & Group Gen. Counsel | 1968 |
| Ms. Christi Karandikar | Exec. MD & Group People Officer | NA |
| Mr. Arnaud Burlin | Chief Operating Officer of Central Europe | NA |
| Mr. Bruno Donjon De Saint Martin | Exec. MD of Investment and Offices & Mixed-use Europe | NA |
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