Unibail-Rodamco-Westfield Posts 2.2% Drop in Nine-Month Turnover, Confirms 2026 Guidance

Unibail-Rodamco-Westfield (URW.PA) reported Wednesday a 2.2% decline in total turnover for the first nine months of 2026 to €2.23 billion from €2.28 billion a year earlier, though like-for-like turnover rose 2.4% on solid operating performance across its retail destinations. Like-for-like gross rental income climbed 4.4%, including 3.8% growth at shopping centres. Tenant sales increased 5.2% and footfall rose 2.2%. Rental uplifts reached 10.3% above indexed passing rents, while EPRA shopping centre vacancy improved 140 basis points year on year to 3.9%. The company expects 2026 adjusted recurring earnings per share to remain within its guidance of €9.15 to €9.30. It also confirmed plans to propose a €5.50-per-share distribution for fiscal 2026, up roughly 22% from €4.50 paid for 2025.