Q2 2019 Unibail-Rodamco-Westfield SE Earnings Call Transcript
Good evening, everyone, and welcome to our H1 2019 presentation. You will see we delivered solid results despite a somewhat challenging retail environment, made great progress in delivering our strategy of concentration, differentiation and innovation, and we are starting to see the positive impact of the Westfield transaction.
I will start with the global financial results at group level. Please bear in mind that we have been operating as one group, Unibail-Rodamco-Westfield from the completion of Westfield acquisition on June 7, 2018. So for the results at group level, we're comparing 6 months as URW this year, to just one month last year.
The like-for-like perimeter therefore, only compares to the former Unibail-Rodamco perimeter in Continental Europe. The adjusted AREPS for H1 2019 reached EUR 6.45 versus EUR 6.58 in H1 2018, a decrease of minus 1.9% mainly due to the impact of the 2018 and 2019 disposals. Restated for these disposals, AREPS growth would be plus 3.7%. The like-for-like NRI
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
