Brief: URW Eyes 2028 AREPS OF EUR 9.70-10.10

Unibail-Rodamco-Westfield SE

14/05/2025 07:19

May 14 (Reuters) - Unibail-Rodamco-Westfield SE URW.PA:

URW PRESENTS 'A PLATFORM FOR GROWTH' 2025-28 BUSINESS PLAN

TARGETS ANNUAL EBITDA GROWTH OF 5.80-6.60% FOR 2025-28

NEW LICENSING BUSINESS TO REACH €25-35 MN EBITDA IN 2028

TO DISTRIBUTE €4.50 PER SHARE FOR FISCAL YEAR 2025

PLANS €3.1 BN SHAREHOLDER DISTRIBUTIONS FOR 2025-28

WESTFIELD RISE RETAIL MEDIA REVENUES TO REACH €180 MN IN 2028

TARGETS 8.0X NET DEBT TO EBITDA AND 40% LOAN-TO-VALUE BY 2028

TARGETS 2028 AREPS OF €9.70-10.10 WITH 3-5% ANNUAL GROWTH IN 2027 AND 2028

PLANS €2.2 BN DISPOSALS IN 2025-2026, €1 BN SECURED

CONFIRMS 2025 AREPS OF €9.30-9.50 DESPITE DISPOSALS

SEES CAPEX OF C. EUR 600 MN PER YEAR OVER 2026-28

SEES 2026 AREPS AT LEAST EUR 9.15

BETWEEN 2025-28, TARGETS LFL NET RENTAL INCOME GROWTH OF 260-330 BPS ABOVE INDEXATION

Source text: ID:nGNE390M4F

Further company coverage: URW.PA

 (Gdansk Newsroom)

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