Unibail-Rodamco-Westfield SE

Latest Results (27.10.2025):

Unibail-Rodamco-Westfield SE reported its financial results for the first half of 2025, demonstrating growth in tenant sales and footfall despite a challenging macro-economic environment. The company's strategic realignments and focus on flagship assets across Europe and the United States have contributed to its positive performance.

Tenant Sales Growth

Tenant sales increased by 3.8% overall, with Europe seeing a 3.1% rise and the US experiencing a 5.7% growth. Notable sectors driving this growth include Fitness, Entertainment, Health & Beauty, Fashion, and Sport in Europe, and Sport, Auto, Fashion, and Luxury in the US.

Footfall Increase

Foot traffic rose by 1.6%, with a significant 1.8% increase in European flagship assets and a 3.6% boost in the US. This uptick in footfall supported the positive evolution of tenant sales across the regions.

Leasing Activity

In the first half of 2025, Unibail-Rodamco-Westfield SE signed €202.3 million in Managed Gross Rent (MGR), reflecting a 7.1% uplift. The average rent per square meter in Europe increased by 16.1%, and in the US, the average rent per square foot rose by 10.3%, indicating a focus on higher-value leases.

Bankruptcy Rates

Bankruptcies remained limited, with 86 stores affected in H1-2025 compared to 123 stores in the same period the previous year. This reduction highlights the company's effective management of tenant insolvencies.

Operational Efficiency

The company's reorganization into four main regions—Southern Europe, Central Europe, Northern Europe, and the United States—has streamlined management and achieved cost and productivity efficiencies, supporting the overall financial performance.