Unibail-Rodamco: stock down after 9m results
(CercleFinance.com) - The Unibail-Rodamco-Westfield stock is down over 2% following the commercial property group's publication of its 9m results, which included recurrent EPS of 6.
57 euros (-30.4% year-on-year) after a 2.42-euro impact related to Covid.
In the end, management expects FY 2020 adjusted recurrent EPS of 7.20-7.80 euros, after taking into account the new lockdown and restrictive measures, which is below our estimates, Oddo BHF says.
The operational landing in 2020 should be below our expectations with a relatively solid performance in continental Europe, while this will be much more affected in the US and the UK for structural and health reasons, the broker adds.
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57 euros (-30.4% year-on-year) after a 2.42-euro impact related to Covid.
In the end, management expects FY 2020 adjusted recurrent EPS of 7.20-7.80 euros, after taking into account the new lockdown and restrictive measures, which is below our estimates, Oddo BHF says.
The operational landing in 2020 should be below our expectations with a relatively solid performance in continental Europe, while this will be much more affected in the US and the UK for structural and health reasons, the broker adds.
Copyright (c) 2020 CercleFinance.com. All rights reserved.