Unibail-Rodamco-Westfield stock fell 1.77 percent on October 2

Published on 10/04/2026 at 22:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Unibail-Rodamco-Westfield stock entered October at EUR 87.52 after H1 adjusted recurring EPS of EUR 4.84 fell 5.2 percent. Goldman Sachs set a EUR 135 target.

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Unibail-Rodamco-Westfield (ISIN FR0013326246) was last at EUR 87.52 on Euronext Paris on October 2, 2026, down 1.77 percent from the prior session. The fresh company filing dated October 1, 2026, reported 144,544,813 shares and voting rights, while the investment case remains tied to rental earnings, debt costs and asset values.

Share count reaches 144.5 million

According to GlobeNewswire, URW disclosed 144,544,813 shares and 144,544,813 voting rights as of September 30, 2026. The filing is a capital-structure update rather than an earnings revision, but it gives investors a current share-count anchor for the company valuation.

H1 earnings expose the debt tradeoff

URW's investor page lists adjusted recurring earnings per share of EUR 4.84 for the six months ended June 30, 2026, down 5.2 percent, alongside an EPRA Net Reinstatement Value of EUR 146.80 per share. The same update shows loan-to-value at 38.8 percent and the average cost of total debt at 2.3 percent, making financing costs a central counterweight to the property portfolio's income generation, according to URW.

The comparison is important: the 2.3 percent average debt cost is higher than the 2.1 percent level shown for 2025, while the 38.8 percent loan-to-value ratio provides a separate measure of balance-sheet leverage. For investors, the key tension is therefore visible in the same H1 2026 data: asset value per share remains above the market price, but recurring earnings per share declined.

Consensus target stands at EUR 114.40

The published consensus on Home Saxo is Overweight, based on 17 analysts, with an average target price of EUR 114.40 and an implied return of 30.71 percent as of September 24, 2026. The spread reflects a market view that places material value on URW's assets despite the recent share-price pressure.

Ideal Investisseur reported that Goldman Sachs maintained its Buy rating on September 7, 2026, while cutting its target from EUR 138 to EUR 135. That single-house action is more cautious than the broader consensus, and it keeps execution, debt refinancing and property valuations in view.

Stock stays below EUR 90

Unibail-Rodamco-Westfield stock was last at EUR 87.52 on Euronext Paris on October 2, 2026, with a session range of EUR 86.70 to EUR 87.86 and a market capitalization of EUR 12.6 billion. The October 2 move leaves the share below the EUR 90 level while analysts continue to value the portfolio above the traded price.