News: URW Property group Unibail-Rodamco-Westfield unveils growth targets and will re-instate...

March 30 (Reuters) - Urw URW.AS :

• REG-UNIBAIL-RODAMCO-WESTFIELD PRESENTS PATH TO 2024 AND BEYOND
• REG-UNIBAIL-RODAMCO-WESTFIELD PRESENTS PATH TO 2024 AND BEYOND
• STABILISED EUROPEAN RETAIL NRI AND GROUP EBITDA TO REACH PRE-COVID LEVELS ON A RUN RATE BASIS IN 2023 WITH FULL EFFECT IN 2024
• SUSTAINABLE DIVIDEND TO BE REINSTATED FROM FISCAL YEAR 2023
• ON TRACK TO ACHIEVE AMBITIOUS BETTER PLACES 2030 ESG TARGETS AND WILL ANNOUNCE ENHANCED COMMITMENTS IN 2023
• AREPS GUIDANCE OF EUR 8.20 TO EUR 8.40 CONFIRMED FOR 2022
• AREPS GUIDANCE OF EUR 8.20 TO EUR 8.40 CONFIRMED FOR 2022
• ON TRACK TO ACHIEVE AMBITIOUS BETTER PLACES 2030 ESG TARGETS AND WILL ANNOUNCE ENHANCED COMMITMENTS IN 2023
• SUSTAINABLE DIVIDEND TO BE REINSTATED FROM FISCAL YEAR 2023
• STABILISED EUROPEAN RETAIL NRI AND GROUP EBITDA TO REACH PRE-COVID LEVELS ON A RUN RATE BASIS IN 2023 WITH FULL EFFECT IN 2024
• WILL EMERGE AS A EUROPEAN PURE PLAY WITH A PORTFOLIO OF HIGH-QUALITY, HIGH-PERFORMING ASSETS LOCATED IN CONTINENT'S WEALTHIEST CITIES AND CATCHMENT AREAS.
• BY 2024, URW WILL DELIVER EUR 2 BN OF ITS COMMITTED PIPELINE WHICH WILL GENERATE EUR 125 MN IN STABILIZED NRI
• WE WILL DELIVER €2 BILLION IN PROJECTS FROM OUR COMMITTED PIPELINE BY 2024, GENERATING €125 MILLION OF STABILISED NRI, AND WILL ADD €1 BILLION IN DENSIFICATION DEVELOPMENT OPPORTUNITIES TO OUR CONTROLLED PIPELINE
• 'S INVESTMENTS IN MEDIA ASSETS AND DATA CAPABILITIES WILL GENERATE EUR 75 MN IN ANNUAL NET REVENUES BY 2024
• BY 2024, WE WILL HAVE SUCCESSFULLY RESHAPED THE BUSINESS TO CAPTURE FUTURE GROWTH, CENTRED ON OUR PORTFOLIO OF FLAGSHIP DESTINATIONS IN THE WEALTHIEST CITIES AND CATCHMENT AREAS IN EUROPE
• BY 2024, TO UNLOCK FURTHER DEVELOPMENT OPPORTUNITIES EMBEDDED IN ITS ASSETS DURING PLAN HORIZON, WITH POTENTIAL EUR 1 BN IN PROJECTS
• URW HAS ALSO IDENTIFIED UP TO 2.4 MILLION SQM4 OF DEVELOPMENT OPPORTUNITIES, WITH TARGET OF ADDING EUR 1 BN5 TO GROUP'S CONTROLLED PIPELINE BY 2024
• IDENTIFIED UP TO 2.4 MILLION SQM OF DEVELOPMENT OPPORTUNITIES, WITH TARGET OF ADDING EUR 1 BN TO GROUP'S CONTROLLED PIPELINE BY 2024
• THESE STRONG FOUNDATIONS WILL GENERATE EUR 75 MILLION IN ANNUAL NET REVENUES BY 2024
• OUTLOOK: UNDERPINNED BY GROUP'S DISCIPLINED CAPITAL ALLOCATION APPROACH, URW WILL FOCUS ON DENSIFYING ITS FLAGSHIPS AND, WHERE APPROPRIATE, EXTENDING TO ADD HIGH-GROWTH ALTERNATIVE USES
• WE WILL DELIVER EUR 2 BILLION IN PROJECTS FROM OUR COMMITTED PIPELINE BY 2024, GENERATING EUR 125 MILLION OF STABILISED NRI
• EXPECTS TENANT SALES TO RETURN TO PRE-COVID LEVELS IN 2022
• IN 2024, GROUP FORECASTS RETAIL NRI OF EUR 1.56 BN AND EBITDA OF CIRCA EUR 1.9 BN FOR ITS STREAMLINED EUROPEAN PORTFOLIO.
• GROUP'S CONVENTION AND EXHIBITION BUSINESS IS EXPECTED TO FURTHER RECOVER IN 2022 AND RETURN TO NORMALISED LEVELS IN 2023