Unibail-Rodamco-Westfield Reports H1-2023 Earnings
In the US, Flagships tenant sales12 were up +4.6% in H1-2023, performing above the US National Sales index, which was up 4.3%11.
- In the US, Flagships tenant sales12 were up +4.6% in H1-2023, performing above the US National Sales index, which was up 4.3%11.
- Fashion sales decreased slightly by -2.0% and Luxury by -6.8% but both remained above 2019 levels (+14.0% and +87.9% respectively).
- URW continued to collect 2022 rents, leading to an improvement of 2022 rent collection from 97% to 98% between FY-2022 and H1-2023.
- The proportion of long-term deals signed also increased from 74% of MGR signed in H1-2022 to 78% in H1-2023.