URW announces Q3 2026 trading update
Moody’s upgrades rating to Baa1 while solid sales growth supports €9.15-€9.30 EPS guidance and a €5.50 distribution.
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Retail, office and lifestyle destination owner, developer and operator
urw.comLast updated
In short: URW reaffirmed 2026 earnings guidance and proposed a €5.50 distribution as tenant sales rose 5.2%.
Moody’s upgrades rating to Baa1 while solid sales growth supports €9.15-€9.30 EPS guidance and a €5.50 distribution.
The agency cites improved financial performance, strong asset quality, and disciplined deleveraging as key drivers for the stable outlook.
Performance driven by tenant sales growth, footfall, leasing momentum, and record-low vacancy.
Like-for-like EBITDA up 5.3%, Shopping Centre NRI up 4.5%, vacancy at record low 4.1%, IFRS net result up 44.6% to €1,009 million.
During the quarter, we expanded the Westfield network through flagship rebrandings in Poland and the UK and successfully refinanced €0.5 billion at attractive spreads. Moody’s...
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Paris, July 30, 2026...
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