Unibail-Rodamco-Westfield SE (URW) Earnings Call Transcripts

Unibail-Rodamco-Westfield SE's Latest Earnings Call - May 6, 2026

In the Q1 2026 earnings call for Unibail-Rodamco-Westfield SE (URW:FR), management reported strong operational performance and a positive outlook for the fiscal year. Revenue for 2025 was robust, leading to a proposed dividend increase of 22% to EUR 5.5 per share for 2026. The company raised its AREPS guidance for 2026 to a range of EUR 9.3 to EUR 9.5 per share, reflecting confidence in continued growth despite a volatile macroeconomic environment.

Reported metrics

Guidance from management

Management maintained a positive outlook for 2026, projecting operational growth of 5% supported by strong retail performance. They raised the AREPS guidance to EUR 9.3 - EUR 9.5 per share, reflecting confidence in the business model and market conditions.

What management said

All right. Well, thank you, David, for these clarifications. As indicated in the notice of this meeting, it will no longer be possible to sign the attendance sheet after 10:45 a.m. and shareholders arriving after that time will not be able to take part in the vote. And now I'll give the floor to Vincent Rouget, who is Chairman of the Management Board, and he'll tell you about the performance for 2026.

Yes, I joined URW exactly 3 years ago. That was June 1, 2023, after the 2023 AGM. Before that, I spent 16 years with Leon Bressler, the former CEO of Unibail, who was CEO of Unibail, working with him in a Property Investment Fund, and European Fund. I was working with him and looked at all investment and asset management of the portfolio in Western Europe, not including England, Ireland or Scandinavian countries. W...

What analysts pressed on

Analysts expressed concerns regarding the potential impact of macroeconomic conditions on retail performance and the sustainability of growth rates. There were questions about the company's ability to maintain its dividend trajectory amidst economic volatility.

Main topics on the call

• Dividend Increase — Management announced a proposed dividend of EUR 5.5 per share for 2026, which represents a 22% increase from the previous year. This reflects the company's confidence in its growth trajectory and financial health, as sta...
• Operational Performance — URW reported a strong operational performance in 2025, with key indicators such as tenant sales and footfall showing continuous improvement. Management noted, "vacancy rates were down 20 basis points to reach a historic ...
• Debt Management — The company successfully reduced its debt ratio, achieving its lowest debt-to-equity ratio since 2019. Management highlighted, "we will certainly achieve the ratio to [40%] by 2028," signaling a commitment to financial p...
• Guidance Update — Management raised the AREPS forecast for 2026 to a range of EUR 9.3 to EUR 9.5 per share, up from previous estimates. This adjustment reflects strong operational performance and a positive outlook, as they stated, "we do...

Read the full Unibail-Rodamco-Westfield SE transcript (May 6, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 24 Unibail-Rodamco-Westfield SE earnings call transcripts on record, spanning February 12, 2020 to July 30, 2026. Based on this history, Unibail-Rodamco-Westfield SE reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

URW

Exchange

ENXTPA

Country

FR

Sector

Real Estate

Industry

Retail REITs

Calls on record

24

First call

February 12, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly