URW reported 1H18 earnings of €6.61 per share, which was ahead of market consensus forecasts.
Full year guidance 12.75-12.90 per share was maintained for the combined entity and synergy cost saving targets were upgraded.
You're not a member! Trial today
URW will be looking at 3 billion + in asset sales as they rationalise their portfolio, post the Westfield acquisition. Progress on this front, along with more detail in the next earnings update, should help to drive further share price appreciation.
Group EPS growth is forecast at 5% and the the stock is now on a forward yield of 6%.
Unibail-Rodamco
