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Unibail Rodamco Westfield
(URW)
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Rating:65Neutral
Price Target:
€98.00
▼(-1.23% Downside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by improved profitability and durable cash generation, tempered by a debt-heavy balance sheet and a 2025 revenue decline. Technicals are supportive with price above major moving averages and positive momentum, while valuation adds a meaningful boost due to the low P/E and solid dividend yield.
Positive Factors
Recurring rental model
URW’s core revenue comes from leasing retail space, giving the business a recurring income foundation supported by established shopping-center assets. This model can provide durable cash generation when occupancy, tenant demand, and lease renewals remain resilient across its portfolio.
Negative Factors
High leverage
URW’s debt-heavy capital structure leaves less financial flexibility than a lower-levered property owner. Large borrowings can constrain investment and capital allocation, while weaker rental income or property values could increase pressure on balance-sheet stability and refinancing capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental model
URW’s core revenue comes from leasing retail space, giving the business a recurring income foundation supported by established shopping-center assets. This model can provide durable cash generation when occupancy, tenant demand, and lease renewals remain resilient across its portfolio.
Read all positive factors
Unibail Rodamco Westfield (URW) vs. iShares MSCI France ETF (EWQ)
Market Cap
€13.24B
Dividend Yield4.91%
Average Volume (3M)347.47K
Price to Earnings (P/E)8.3
Beta (1Y)1.00
Revenue Growth-6.45%
EPS Growth102.99%
CountryFR
Employees1,963
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)10.99
Shares Outstanding144,544,820
10 Day Avg. Volume292,789
30 Day Avg. Volume347,468
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.75
Price to Sales (P/S)4.34
P/FCF Ratio11.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€114.72Price Target Upside15.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)9.25
Revenue Forecast (FY)€2.23B
Unibail Rodamco Westfield Business Overview & Revenue Model
Company Description
Unibail-Rodamco-Westfield (URW) is a leading entity that owns, develops, and manages premium, sustainable real estate holdings situated in dynamic urban centers across both Europe and the United States. URW is a dedicated collaborator with major c...
How the Company Makes Money
URW makes money mainly by operating and monetizing its real estate portfolio, with revenues primarily generated from leasing and operating large shopping centers.
1) Rental income from tenants (core revenue stream)
- The largest and most recurrin...
Unibail Rodamco Westfield Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
52
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.00B | 3.06B | 3.26B | 3.06B | 3.00B | 2.52B |
| Gross Profit | 1.90B | 1.98B | 2.05B | 1.88B | 1.89B | 1.44B |
| EBITDA | 3.02B | 2.73B | 1.63B | 1.68B | 1.19B | 1.31B |
| Net Income | 1.58B | 1.27B | 146.20M | -1.63B | 178.20M | -972.10M |
Balance Sheet | ||||||
| Total Assets | 50.40B | 49.68B | 53.55B | 53.58B | 54.64B | 54.92B |
| Cash, Cash Equivalents and Short-Term Investments | 2.84B | 2.68B | 5.29B | 5.50B | 3.33B | 2.26B |
| Total Debt | 24.45B | 24.49B | 27.56B | 27.90B | 26.40B | 27.13B |
| Total Liabilities | 28.41B | 27.99B | 32.51B | 32.81B | 31.69B | 32.55B |
| Stockholders Equity | 17.89B | 17.70B | 17.67B | 17.21B | 19.18B | 18.92B |
Cash Flow | ||||||
| Free Cash Flow | 814.10M | 1.15B | 881.90M | 875.50M | 1.53B | 831.70M |
| Operating Cash Flow | 1.62B | 2.05B | 2.19B | 2.06B | 2.44B | 1.72B |
| Investing Cash Flow | 345.00M | 650.70M | -537.10M | -791.40M | 280.80M | 620.80M |
| Financing Cash Flow | -3.06B | -5.26B | -1.88B | 865.40M | -1.64B | -2.24B |
Unibail Rodamco Westfield Technical Analysis
Neutral
99.22
Price Trends
93.05
Negative
97.96
Negative
96.51
Negative
Market Momentum
-0.46
Negative
54.22
Neutral
94.16
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:URW, the sentiment is Neutral. The current price of 99.22 is above the 20-day moving average (MA) of 89.01, above the 50-day MA of 93.05, and above the 200-day MA of 96.51, indicating a neutral trend. The MACD of -0.46 indicates Negative momentum. The RSI at 54.22 is Neutral, neither overbought nor oversold. The STOCH value of 94.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:URW.
Unibail Rodamco Westfield Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €2.03B | 6.88 | ― | 9.33% | -1.15% | -15.14% | |
74 Outperform | €9.98B | 7.42 | 14.54% | 5.37% | 3.02% | 15.66% | |
69 Neutral | €1.11B | 8.98 | 11.70% | 5.81% | 45.41% | 1859.21% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | €13.24B | 8.34 | 8.88% | 4.91% | -6.45% | 102.99% | |
61 Neutral | €4.87B | 7.44 | 7.67% | 8.52% | 5.45% | 56.76% | |
55 Neutral | €879.59M | 16.53 | 5.00% | 10.62% | 3.19% | 70.45% |
* Real Estate Sector Average
FR:URW
Unibail Rodamco Westfield
91.62
5.53
6.43%
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Unibail Rodamco Westfield Corporate Events
Unibail-Rodamco-Westfield Posts Strong Q3 and Secures Credit Upgrade
Oct 22, 2026
Unibail-Rodamco-Westfield reported solid operating momentum for the first nine months of 2026, with tenant sales up 5.2%, footfall rising 2.2%, and rental uplift of 10.3% on indexed rents, while shopping centre vacancy fell to 3.9%. Like-for-like ...
Unibail-Rodamco-Westfield Discloses Share Capital and Voting Rights as of September 30, 2026
Oct 1, 2026
Unibail-Rodamco-Westfield is a European commercial real estate group focused on owning, developing, and operating large shopping centres and mixed-use assets. The company’s portfolio includes prime retail destinations in major cities, positi...
Unibail-Rodamco-Westfield Updates Voting Rights and Share Capital as of 31 August 2026
Sep 2, 2026
Unibail-Rodamco-Westfield reported that its share capital consisted of 144,521,900 shares as of 31 August 2026, with an equal number of voting rights outstanding. This disclosure provides investors with updated transparency on the company’s ...
Unibail-Rodamco-Westfield Reports 144.5 Million Shares and Voting Rights as of July 2026
Aug 3, 2026
Unibail-Rodamco-Westfield reported that its share capital comprised 144,492,582 shares as of 31 July 2026, each carrying one voting right, resulting in an equal number of total voting rights. The disclosure, made under French regulatory requiremen...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.