URW 1.14% $6.07 unibail-rodamco-westfield

Ann: URW FY 2018 Results, page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,795 Posts.
    lightbulb Created with Sketch. 484

    No idea. My guess is either:

    1) market didn't like the de-leveraging plan which will cause short-term EPS dilution & increase in WACC (noting cost of debt only 1.5%)

    2) US NOI going backwards?


    Overall I thought it was a decent result, there's a lot of optionality in the sites they own, and I don't believe the world's best shopping centres will be disrupted by online retail, rather the destination centres will continue to evolve and happily co-exist / complement digital retail.

 
watchlist Created with Sketch. Add URW (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.