Commercial property investment company Unibail-Rodamco-Westfield (ASX:URW) report their tenant sales and footfall in their European shopping centres are up by 2.3 per cent (+3.6% for Flagships) and 2 per cent respectively.
US specialty sales per square foot are up by 5.5 per cent.
As we reported earlier this month, the company entered into an agreement with Singapore’s sovereign wealth fund GIC for the sale of Tour Ariane in La Défense, an office skyscraper in Paris.
Unibail-Rodamco-Westfield has a market capitalization €22.0b.
They expect the Adjusted Recurring Earnings per Share for 2018 in the range of €12.75 - €12.90.