Unibail-Rodamco-Westfield has released its first half 2024 earnings, with highlights including €300 million ($325 million) of disposal transactions completed or secured, with €1.0 billion ($1.08 billion) of assets currently under active discussions; tenant sales up 4.2 percent and footfall up 2.9 percent versus first half 2023; and €217 million ($235 million) of minimum guaranteed rent (MGR), with 7.4 percent uplift on top of indexed passing rents, including 11.9 percent on long-term deals.
Other highlights include
Shopping center vacancy at 5.5 percent, an 80 basis points improvement versus first half 2023 and 10 basis points versus fiscal year 2023
Shopping center net rental income at €1,065 million ($1,154 million), up 5.3 percent on a like-for-like basis
Offices and others net rental income of €50 million ($54 million), up 23.3 percent on a like-for-like basis, thanks to Trinity now fully let
Convention and exhibition net
