For 2023, Unibail-Rodamco-Westfield (URW) has reported an increase of 3.3% in adjusted recurring net income per share (RNRAPA) to 9.62 euros, exceeding its forecasts, as well as EBITDA of 2.2 billion euros, up 6.7% on a like-for-like basis.

At 2.21 billion euros, the commercial property group's net rental income fell by 0.7% on a reported basis, but rose by 6.1% on a like-for-like basis, while retail sales rose by 6.4%.

URW will propose a cash distribution of 2.50 euros per share for approval at the Annual General Meeting on April 30, to be paid out on May 16. For the full year 2024, URW forecasts an EBITDA of between 9.65 and 9.80 euros.

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