Jul 25, 2024 / 08:30AM 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 2024 half year results presentation. H1 was characterized by strong operating performance across all activities. In retail, this meant higher year-on-year footfall and tenant sales, outperforming national sales indices in the US and in Europe, as well as continued robust leasing activity. Our convention and exhibition business has delivered record results thanks to the early impact of the Olympic Games, which start tomorrow, as we are hosting a number of events and operational hubs at our Viparis venues.
Offices NRI was up as we benefit from the full effect of leasing progress at Trinity tower in La Défense, which is now fully let. And the first half was a strong period for new revenue growth with retail media revenues up significantly, fully on track to meet our 2024 target. The first half also saw the stabilization of asset values, with net initial yields reflecting rental growth. Regarding disposals, in the year
Half Year 2024 Unibail-Rodamco-Westfield SE Earnings Call Transcript
Jul 25, 2024
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