Unibail-Rodamco-Westfield reports EUR 4.84 EPS for URW stock

Published on 10/20/2026 at 10:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 adjusted recurring EPS was EUR 4.84, down 5.2 percent from EUR 5.11. URW stock costs EUR 87.76 on October 20, 2026 at Lang & Schwarz.

Recurring earnings guide the valuation

URW reported adjusted recurring earnings per share of EUR 4.84 for the first half of 2026.
Loan-to-value stood at 38.8 percent as of June 30, 2026.
URW stock was trading at EUR 87.76 at 10:42 a.m. CEST at Lang & Schwarz on October 20, 2026.

SW-Reportage: leerer Mall-Korridor nach Ladenschluss mit Putzwagen — Unibail-Rodamco-Westfield ISIN FR0013326246 leere Mall Galerie nach Ladenschluss in atmosphärischem Schwarz Weiß Stil, Illustration mit AI erstellt.

Unibail-Rodamco-Westfield (ISIN FR0013326246) reported adjusted recurring earnings per share of EUR 4.84 for the first half of 2026, down 5.2 percent from EUR 5.11 a year earlier. The company's investor page also lists a loan-to-value ratio of 38.8 percent, average total debt cost of 2.3 percent and EPRA net reinstatement value of EUR 146.80, all as of June 30, 2026, according to URW.

Recurring earnings reflect disposals

The earnings decline gives the current valuation a specific operating context. URW's first-half adjusted recurring earnings per share fell by EUR 0.27 from EUR 5.11 to EUR 4.84, while the group continued to present its 2025-28 plan as a platform for organic growth and capital-light expansion.

Its business combines shopping centers, offices and convention venues across Europe and the United States. The investor page describes a portfolio centered on retail and the Westfield brand, with growth tied to visitor activity, leasing and asset management rather than a single property transaction.

What does the balance sheet mean?

The 38.8 percent loan-to-value ratio is the clearest balance-sheet figure in the current company information. It sits alongside an average total debt cost of 2.3 percent, making financing conditions an important counterweight to the EUR 146.80 EPRA net reinstatement value.

Lightyear summarizes management guidance of EUR 9.15 to EUR 9.30 in adjusted recurring earnings per share for 2026 and a EUR 5.50 distribution. That guidance is materially higher than the EUR 4.84 earned in the first half, but the comparison covers a full-year outlook against a half-year reported figure.

Stock price and investor perspective

The price supplies a live market reference for the reported figures. At EUR 87.76, the share price is below the EUR 146.80 EPRA net reinstatement value, although those measures are different: one is a market quotation and the other is a property-based valuation metric.

URW was trading at EUR 87.76 at Lang & Schwarz on October 20, 2026 at 10:42 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Unibail-Rodamco-Westfield stock.