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Westfield-Owner Unibail Rises on Recovery, Hiked Guidance

Westfield-Owner Unibail Rises on Recovery, Hiked Guidance

Shopping mall owner Unibail-Rodamco-Westfield raised its adjusted recurring earnings per share (AREPS) guidance on Thursday for 2022 after first-half tenant sales in continental Europe recovered to pre-Covid levels sooner than expected.

The shares of the group, which counts Forum des Halles in Paris and Madrid’s La Vaguada among its assets, were up 2.1 percent in early trading and among the best performers on Amsterdam’s blue chip index.

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